SET index to hit 1,450-1,480 in 2013
One Asset Management foresees continued bullishness in the Stock Exchange of Thailand next year, expecting the index to stay in the range of 1,450-1,480 points thanks to continued earning growth.
This represents a 10-15 per cent increase from the end-2012 closing at 1,350 points, said Monthol Junchaya, the newly-appointed head of investment and head of property fund team. Khun Monthol Junchaya.
He expected listed companies to show earning growth of 15-20 per cent next year. Aside, the market would be boosted by the government's spending on water management project and low interest rates.
"The SET index would also continue rising in the last two months of this year, with new investment into LTF and RMF as well as fund flows as a result of quantitative easing," he said.
At 4.31pm, the SET index stood at 1,301.78 points, losing 4.92 points or 0.38 per cent from the previous closing.
