
The survey showed 58 per cent of Thai investors say the current political environment has had a negative impact on their investment or wealth accumulation plan. Moving forward, about half (49 per cent) of the Thai investors are unsure if the political environment
will improve in the next quarter.
In the Dashboard Index, Thai investor sentiment remaining at the same level of 113 in the third quarter, compared to the previous quarter. Despite the rise of the local stock market in the third quarter, Thailand remains in the "neutral" territory while most Asian markets have entered the "optimistic" or "very optimistic" categories.
The overall pan-Asia (ex-Japan) ING Investor Dashboard Sentiment Index increased to 143 for the quarter, from 132 in the previous quarter and 86 for the third quarter of 2008, as the Asian economies recover and investors' outlook on the global economy improves. The Index moved higher in the "optimistic" category.
Despite concerns about the political environment, Thai investors are seeing modest improvement in the economy from the government's recent Bt1.7 trillion stimulus package as well as slight improvement on their return on investment. 43 per cent of
investors also see recovery in exports and 29 per cent see government spending as the key drivers for economic recovery in Thailand. More Thai investors are also expecting the U.S. economy to improve in Q4 09, a sign that they may expect exports to pick up in the near-term.
Key Highlights of the Quarterly ING Investor Dashboard Survey
• Thai investor sentiment index remains at same level of 113 for Q3 2009, likely due to political issues,
modest impact of stimulus measures and ongoing contraction in GDP
• Asia anticipates a global recovery as the Pan-Asia Index increases 8 per cent to 143 for Q3 2009 from 132 for Q2
2009, the highest since the Index was launched in Q3 2007, and all markets except Thailand and Japan
show strong optimism
• Despite Thailand lagging behind in the "neutral" territory, Thai investors perceive some improvement in
the overall economic situation and return on investment in Q3 2009
• Most Thai investors believe that a recovery in exports and government spending will be key drivers for
local economic recovery
• The proportion of Thais investing in funds and/or equities increased to 37 per cent in Q3 2009 compared to 32 per cent
in Q2 2009. This level is still significantly lower than the 58 per cent figure in Q1 2009
• Thai investors remain relatively bullish about gains in the local stock and property markets in Q4 2009