Thailand Crown Prince Maha Vajiralongkorn was crowned the new King on Thursday, even as the country continues its year-long mourning over the death of his father King Bhumibol Adulyadej.
The public crowning ceremony will only take place late-2017 after the previous king's cremation.
The 64-year old will adopt the new title King Rama X of the Chakri dynasty, leading one of Asia's richest and most powerful monarchies. The crown regularly invests in businesses and real estate across Thailand.
"The announcement of King Vajiralongkorn's ascension will have a modestly positive impact on investor confidence, which has wavered over uncertainties about the country's political future since the 2014 coup d'etat," Ryan Aherin, senior Asia analyst at Verisk Maplecroft, said in a note on Friday.
The official ascension of King Vajiralongkorn will allow the military junta to seek royal consent in order to promulgate the draft constitution, paving the way for the government to prepare for elections late next year, according to Aherin.