According to this Far Eastern Economic Review article on the Thai Stock Market Thai consumers are smiling again and putting at least some of their money into the local bourse..

Extract: Driven by a private consumption-led economic recovery, the good times are rolling on the Stock Exchange of Thailand again. Low interest rates on bank deposits and years of bottled-up demand for new investment opportunities are spurring Thais to punt rather than cling to their savings.

Hearty liquidity pumped the exchange to a 28-month high in early June. Significantly, foreign investors have regained their appetite for Thai shares. Through early June, foreigners were net buyers, their 33.86 billion baht ($798.5 million) splurge representing 23% of the buying so far this year. Up nearly 37% this year, the Thai exchange is presently the best-performing bourse in Asia.

Interest costs are falling, less competition is buoying returns on capital and many Thai corporations that bit the restructuring bullet are making profits and returns on equity above pre-economic crisis levels. That's buoying earnings across many domestic demand-oriented industries.