Listen to this articleAnalysts expect foreign funds to continue to flow into the Thai equity market, supported by the sharp baht appreciation that has strengthened significantly since the start of December. Over the period, the dollar index weakened by only 1.20%, while foreign investors recorded net outflows of more than 15 billion baht from the Thai bond market, even as equity inflows gradually returned. ASPS recommends focusing on stocks that benefit directly from a stronger baht, particularly companies with significant foreign-currency debts, as debt servicing costs decline when the baht appreciates. Companies in the tourism sector may also be affected by a strong baht, such as Airports of Thailand, Minor International, Central Plaza Hotel, and The Erawan Group. Hospital stocks with high exposure to foreign patients could face currency headwinds, notably Bumrungrad Hospital, Bangkok Dusit Medical Services, and Praram 9 Hospital.

Source: Bangkok Post December 25, 2025 03:49 UTC