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The Stock Exchange of Thailand (SET) has partnered with Google Cloud to launch ATLAS, a generative AI-powered search tool designed to enhance information retrieval for market intelligence and equity issuance. Initially available to SET staff and listed companies, it will later be accessible to investors. This initiative supports SET's innovation strategy and aims to modernize Thailand's capital markets, with future integration of real-time data processing through Google Cloud’s BigQuery.
Huawei Cloud hosted its Asia-Pacific Forum, unveiling six collaborative initiatives to support Chinese enterprises expanding in the region, which is now their largest market outside China. The forum highlighted the importance of understanding local markets and leveraging technology for successful globalization. With a commitment of USD10 million for the "Asia-Pacific Acceleration Program," Huawei aims to empower businesses through strategic consulting, solution development, and co-marketing initiatives.
Morgan Stanley highlights Gulf Energy Development Public Company Limited (GULF) as a key player in Southeast Asia's energy sector, targeting a 20% CAGR from 2024 to 2027 across various sectors, including power generation and AI. With plans to nearly double its electricity generation capacity by 2030, GULF is well-positioned to meet rising energy demand amid global energy security concerns. The company, rated 'Overweight' by Morgan Stanley with a target price of THB 69 per share, is expected to leverage its strong financial position and strategic partnerships for continued growth.
IM Motors has launched the LS6 SUV, rebranded as the IM6, in Thailand, marking its entry into international markets with a starting price of THB 1,399,900 ($41,600). The model is available in two variants, Premium and Performance, featuring battery packs of 75 kWh and 100 kWh, offering ranges of 550 km and 634 km, respectively. Following its initial launch in China, IM Motors plans to expand further into regions like Australia, the UK, and the Middle East with the LS6 and L6 electric sedans as key models.
UBS has upgraded Thailand to 'Overweight', citing improved market attractiveness and reduced political uncertainties. The firm anticipates a decrease in credit costs and highlights potential in Thai stocks, particularly CP All and Airports of Thailand, amid evolving market dynamics and government policy support. Despite global economic challenges, UBS sees opportunities for tactical outperformance in emerging markets, driven by a recovery in consumption and tourism.
Southeast Asia's payments landscape is rapidly evolving, with non-digital payment methods declining to just 13% of ecommerce transactions in 2023, projected to drop to 6% by 2028. The region's ecommerce market, valued at $137 billion, is expected to grow to $325 billion, driven by cross-border commerce and new payment methods like digital wallets and buy now, pay later options. However, merchants face challenges in navigating cross-border payments, including integration, fraud prevention, and transaction fees, necessitating the use of payment service providers for effective solutions.
UBS Global Research forecasts a 36-42% increase in Thailand's SET Index by 2030, driven by the anticipated Entertainment Complex Project, which could boost GDP by 1-1.3%. The initiative is expected to enhance tourism and gaming revenues, benefiting sectors like financials, consumer goods, and property. Key stocks to watch include KBANK, AOT, and CENTEL as the legislation progresses.
HSBC is restructuring its leadership in Asia to streamline operations by assigning additional responsibilities to country heads in smaller markets. Effective March 1, Peter Kim and Tim Evans will take on dual roles in Korea and Vietnam, respectively, while other leaders in Malaysia, Taiwan, and Thailand will also assume additional duties. The changes aim to enhance service delivery and support strategic objectives, as CEO Georges Elhedery continues to implement cost-reduction measures and simplify the organizational structure.
UBS has increased its price target for Marvell Technology Group Ltd to $125 from $115 while maintaining a Buy rating. The company specializes in integrated communications and storage circuits, with net sales primarily from data centers (40.2%) and enterprise networks (22.3%), among other sectors. Geographically, sales are dominated by China (43.1%) and the United States (14.4%).
Parisha Saimbi of BNP Paribas predicts that the Chinese Yuan, Korean Won, and Thai Baht will be the worst performing Asian currencies in 2025. This outlook is driven by concerns over tariffs and weak domestic economies, alongside the currencies' low yields and high beta characteristics.
Thai Baht
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Google Cloud and Thailand Stock Exchange launch innovative AI information tool
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huawei cloud launches initiatives to support chinese enterprises in asia pacific
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09:57 26.02.2025
ubs raises marvell technology price target to 125 keeps buy rating
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14:41 24.02.2025
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