Foreign investors bought more than Bt80 billion net of Thai shares during this period. REIT (real-estate investment trusts) is one of our favourite asset classes in view of the fact that many REITs are offering distribution yields of 5-9 per cent. In our view, SCC's petrochemical earnings will remain strong in the near term and the ramp-up in public infrastructure spending will eventually boost private cement demand.We expect no significant impact on foreign capital movement after yesterday's constitutional referendum. We expect global investors to continue trimming their low-yield fixed income assets and move into better-yielding REITs. This could be a start for the US dollar beginning to appreciate and capital moving out of emerging stock markets again.

Source: The Nation Bangkok August 07, 2016 18:00 UTC