Southeast Asia’s stock markets are facing a difficult year – but also offer opportunities

The stock exchange in Bangkok, Thailand

The year 2023 could be a challenging one for the markets in Southeast Asia.

(Photo: dpa)

Bangkok Shareholders have the resources of a tropical island in Southeast Asia to thank for the biggest stock market success of the year. In Kalimantan, the Indonesian part of Asia’s largest island of Borneo, the mining company Adaro Minerals mines coal – a raw material that, given the global energy crisis, has been in much greater demand in recent months than expected a year ago.

When Adaro went public in Jakarta in early 2022, a share certificate was available for 100 Indonesian rupiah. The paper is now worth around 1,700 rupiah.

With a price increase of around 1600 percent, Adaro became share of the year: Of the 2800 companies listed in the world index of the financial service Bloomberg, no other company has experienced a higher price jump since January. And the chances that Adaro investors can look forward to further profits are good.

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