Thai Stocks performance overall since 2014, is dismal.

Since the current Govt. took over in 2014: if you strip-out DELTA & GULF (2 speculative counters with stratospheric p/e's of 78 and 45) , the SET has done terribly (say around -6 to -7%) over the past 9 years.  During a time USA and other stock markets have doubled, index wise. While I am very happy with AUCT/TOG,  2 stocks I here wrote more upbeat about than any others by far over the past say 3-4 years.  

My own view now remains since the 1Q.:  not to be SET/MAI active unless and until, there are some meaningful Govt. changes!  Realize, for some months Foreign money has rightly fled the Thai SET. :(    As they have seen the SET performance reality, ex DELTA/GULF and are concerned if the present status continues?   Here is the in-dept professional study on that, thanks to Thai Capitalist.com :  https://www.thaicapitalist.com/random-thoughts-prayuths-performance/

Along with all that IPO nonsense.  i.e. rally the first few days then nobody knows what happened, post IPO performance wise. One thing not mentioned there is the IPO fiasco, where Thai IPO's are routinely overpriced -then speculated on the first few days, only to be forgotten in little time. Nobody has done an analysis to my knowledge on how Thai IPO's actually have fared, overall, say post 3, 6, 12 months later...or 2 years later.  As is provided by brokers or stock exchanges in most other markets. This would further show detrimental returns, I sense.

But at last there seems to be some hope in the making, by August we should know more,