ID :
156407
Sat, 01/08/2011 - 16:47
Auther :
Shortlink :
http://m.oananews.org//node/156407
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Analysts foresee Thai stock market to remain bullish
BANGKOK, Jan 8 (TNA) - Analysts say that the Stock Exchange of Thailand (SET) is likely to enjoy its continued bullish trend this year--with the SET composite index anticipated to reach its 1,200-point level--thanks mainly to the country's stable political situation.
Analysts have acknowledged with the 1,200-point level, the price/earning (P/E) ratio of the Thai stock market will rise to 14 times, from 12 times at present.
However, the analysts cautioned that the SET rally in 2011 will not be as strong as that in 2010, and that although the SET index increased significantly last year, stock prices on the Thai bourse are considered the second lowest after South Korea with expected profit growth of 12 per cent this year.
Securities experts also predicted that foreign capital would continue flowing into the Thai stock market over the next few years--with capital inflow this year expected to total around 40-50 billion baht.
But the analysts said there remain risk factors to investment sentiment in the SET this year, including inflation, political uncertainties and impacts from capital outflows. (TNA)
Analysts have acknowledged with the 1,200-point level, the price/earning (P/E) ratio of the Thai stock market will rise to 14 times, from 12 times at present.
However, the analysts cautioned that the SET rally in 2011 will not be as strong as that in 2010, and that although the SET index increased significantly last year, stock prices on the Thai bourse are considered the second lowest after South Korea with expected profit growth of 12 per cent this year.
Securities experts also predicted that foreign capital would continue flowing into the Thai stock market over the next few years--with capital inflow this year expected to total around 40-50 billion baht.
But the analysts said there remain risk factors to investment sentiment in the SET this year, including inflation, political uncertainties and impacts from capital outflows. (TNA)
