SET to rise on expectation of higher market cap 

Maybank Kim Eng Securities (Thailand) expects the country to expand in domestic consumption, public spending and private investment next year, which would help the Thai bourse continue its rise.
Upward trend in domestic consumption next year, particularly in the first half in continuation of the high season and the previous year's low base, could accelerate the country's expansion, it said.
Public spending and private investment are expected to see improvement on next year's auctions of public projects worth about Bt900 billion and progress of the Eastern Economic Corridor (EEC), the brokerage house said. 
Maybank Kim Eng Securities (Thailand) expects the SET Index to reach 1,760 points or price to earnings (P/E) ratio of 16 times as the base case, and 1,870 points or P/E ratio of 17 times as the best case.
Meanwhile, risks to the stock market exist with the country's planned general election in November of next year, it said. If the general election is postponed, it could pose risk to the Thai bourse.
UOB Asset Management (Thailand) estimates Thailand's gross domestic product (GDP) to expand 4 per cent, driven by public projects and forecast the SET Index to touch 1,800 points with market profit growth of 10 per cent and market P/E ratio of 14-15 times.
Next year's net profit for Thai bourse is forecast to increase 14.5 per cent to Bt1.11 trillion. This year's profit growth is estimated at 4.7 per cent, according to Asia Plus Securities.