Latest news with #FinansiaSyrus
Bangkok Post
9 hours ago
- Business
- Bangkok Post
Thai equities attract foreigners in July
Foreign investors continued to pour money into Thai equities throughout July, with net inflows exceeding 11 billion baht as the Thai stock market became more attractive due to a weaker dollar and hopes of a favourable outcome from US-Thai trade negotiations, say analysts. Koraphat Vorachet, assistant managing director and head of research at Krungsri Securities (KSS), said foreign fund flows into Asian stock markets remain positive, with clear buying signals seen in South Korea, the Philippines and Thailand. This trend reflects bullish investor sentiment and KSS expects continued net foreign buying across the region for the rest of this month, he said. According to data from SET Smart, foreign investors were net buyers on 11 out of 12 trading days through July 23, bringing total net inflows to more than 11 billion baht for the month. However, on a year-to-date basis foreign investors recorded net outflows of 67.5 billion baht, while Thai retail investors remained net buyers with more than 93 billion baht. KSS recommends focusing on large-cap stocks in the spotlight for foreign investors, such as Advanced Info Service (ADVANC), Bangkok Dusit Medical Services (BDMS), Bangkok Bank (BBL), CP All, Gulf Development (GULF), Siam Commercial Bank (SCB) and PTT. Finansia Syrus Securities has a similar view, noting continued foreign inflows are being driven by the weakening US dollar, which has strengthened Asian currencies and attracted more capital into regional markets. Investor optimism has also been fuelled by expectations of a potential tariff agreement between Thailand and the US following successful negotiations with Vietnam and Indonesia, which resulted in rallies in their stock markets, noted the brokerage. Speculators are betting Thailand could follow a similar path, prompting early capital inflows in anticipation of a deal, according to Finansia Syrus. "Foreign investors see the ongoing US-Thai trade negotiations as a speculative opportunity," said a Finansia Syrus analyst. "Whether Thailand ultimately gains or loses from the deal will determine whether investors increase or withdraw their holdings." Therdsak Thaveeteeratham, executive vice-president at Asia Plus Securities, expects foreign fund flows to gradually increase in the second half of the year. "Thai stocks are now trading at attractive valuations, which could lead to a slow but steady accumulation by foreign investors," he said. Selling pressure from both institutional and foreign investors may ease in the third quarter, said Mr Therdsak. The total value of long-term equity funds has declined to 102 billion baht from 117 billion earlier this year. Meanwhile, direct foreign ownership in Thai equities continues to decline, recently falling to 24.2%. Several negative factors weighing on the Thai bourse are now easing, such as a temporary pause in the Middle East conflict, expectations that Thailand's 2026 fiscal budget bill will pass, and limited economic fallout from rising tensions along the Thai-Cambodian border. The main lingering concern is the outcome of trade negotiations with the US, said Mr Therdsak. If Thai exports remain subject to a 36% tariff, the impact on listed company earnings could be limited to around 1%. However, if the tariff is reduced, there is significant upside potential for the Thai stock market, he said.
Cision Canada
30-06-2025
- Business
- Cision Canada
KuCoin Thailand Announces Strategic Partnership with Finansia Syrus Securities to Advance Thailand's Digital Asset Market
BANGKOK, June 30, 2025 /CNW/ -- KuCoin, a leading global cryptocurrency exchange serving over 41 million users in more than 200 countries, is proud to announce a strategic partnership between KuCoin Thailand (operated by ERX Company Limited) and Finansia Syrus Securities Public Company Limited (FSS), a leading financial services firm in Thailand. This collaboration marks a major milestone in the evolution of Thailand's digital asset ecosystem. By combining Finansia Syrus's deep financial expertise with KuCoin Thailand's innovative, fully regulated trading platform—operating under the oversight of the Securities and Exchange Commission of Thailand—the partnership underscores KuCoin's commitment to expanding access to digital assets worldwide. Thailand's digital asset market is experiencing rapid growth, fueled by rising adoption and a robust regulatory framework. As a fully regulated exchange, KuCoin Thailand offers a secure, compliant, and user-friendly environment for trading digital assets. Through this partnership, Finansia Syrus will refer its clients to KuCoin Thailand's platform, enabling investors to explore new opportunities at the intersection of traditional finance and the burgeoning digital economy. Henry Chen, Authorized Board Director of KuCoin Thailand, stated: "We are excited to collaborate with Finansia Syrus to bridge traditional finance and digital assets, reflecting KuCoin Thailand's commitment to building a seamless and secure financial future." Mr. Chuangchai Nawongs, Chief Executive Officer of Finansia Syrus Securities, added: "Partnering with KuCoin Thailand enables us to broaden our service offerings and provide our clients with access to a trusted digital asset platform." This partnership forms a key component of KuCoin's global expansion strategy, which includes collaborations with leading financial institutions and regulators around the world. By integrating traditional financial expertise with cutting-edge digital asset technology, KuCoin continues to set new industry standards and ensure that its clients remain at the forefront of the digital finance revolution. Discover more and join the journey at Download KuCoin Thailand: PlayStore AppStore The KuCoin Thailand app is currently available for download only on the Thai App Store (iOS) and Google Play. About KuCoin Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as "Best Crypto Apps & Exchanges" by Forbes and has been recognized among the "Top 50 Global Unicorns" by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Finansia Syrus Securities Public Company Limited (FSS) operates a full-service capital market business in Thailand. Our comprehensive services include securities brokerage, securities trading, investment advisory, securities underwriting, and securities borrowing and lending. With extensive experience and a distinguished track record in investment, FSS has grown and developed into a leading securities company in the country. We offer a wide range of investment products, including private funds, mutual funds, debt instruments, and both domestic and international equities.
