SET could pass 1,400 this year amid positive signs: analysts
THE SET Index could climb to 1,400-1,450 points by year-end now that the political turmoil shows signs of abating soon, while listed companies could show earnings growth of 12.2 per cent, dividend yield of 3.3 per cent and total return of 14.9 per cent.
Therdsak Thaveeteeratham, executive vice president for research at Asia Plus Securities, said Tuesday that the company also believed that the Bank of Thailand would cut its policy interest rate again to 2 per cent this year.
This will help boost the economy in the second half, although household debt has soared to 70-80 per cent of gross domestic product.
Chatchaphol Srivaleepan, vice president of business development and marketing development at Krung Thai Asset Management (KTAM), said the foreign selling trend was expected to lose steam and if the political situation improves, foreign investors would come back to Thailand because the stock market here is one of the cheapest in the region and has plenty of potential.
The Nation
