(Photo: Reuters)Thailand’s inability to revive its economy has left its stocks and bonds in an unenviable position: cheap, unloved and increasingly irrelevant. Those pressures helped make Thai stocks among the worst performers globally last year and its bonds trailing most emerging market peers in 2026. Long favoured for their exposure to global growth and diversification benefits, the nation’s assets have fallen out of favour amid a sluggish economy, weak tourism and recurring political unrest. Thai stocks trade at around 14 times forward earnings, which is below the five-year average and a gauge of regional peers. Long-dated Thai bonds offer “compensation, or a margin of safety” should there be higher government spending and inflation risks, he said.

Source: Bangkok Post February 04, 2026 16:17 UTC