CAPITAL OUTFLOW SEEN AFTER DIVIDEND PAYMENTS

Economy March 29, 2019 01:00

By The Nation

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Kasikorn Bank forecasts foreign investors to withdraw up to Bt87 billion from the Thai capital market after receiving dividend payments for the second quarter from listed Thai companies.  



 

 Advanced Info Services Plc has announced a total dividend payment of Bt7.4 billion to foreign investors, Bt7.2 billion from PTT , and Bt4.6 billion from Kasikorn Bank, said the bank's economic and capital markets research manager Kobsit Silapachai said yesterday.

He added that the exit of capital will weaken value of the baht to between Bt31.50 and Bt32.50 per US$ from the average of Bt31.77 per US$.

Meanwhile, the country's political uncertainty will have an impact on capital outflow in the second quarter of this year. Foreign investors are waiting for the return of political stability when the new government is formed, he said.