Looking around the region, Indonesia seems to have $hit the bed yet again, because the MSCI overlords don’t like stock manipulation (but this seems to be fine with new AI listings in the US), why would this matter for Thailand? Regional insti’s will have to dump Indo. They’ll look around the region and say Vietnam – meh, Philippines – messier, Singapore – expensive, Malaysia – meh on politics with elections upcoming, Thailand – cleanest shop (can you believe it?), stable government, clarity on DC policies etc etc, and banks are still paying out ok divvy yields. Let’s see what happens…