BANGKOK, May 17 (TNA) – The Investment Analysts Association predicted the Stock Exchange of Thailand index would rise to 1,750-1,800 in the second half of this year, saying the next government formation would settle and China and the United States would end their trade war soon.
Paiboon Nalinthrangkurn, president of the association, said it was optimistic about SET because China and the US did not benefit from their trade war which was thus unlikely to be prolonged.
Regarding local politics, he said, the formation of the new government might have been settled and capable ministers in the new cabinet would boost investors’ confidence.
“Global liquidity is high due to low interest rates… If the trade war is relieved and the new government is formed, foreign capitals will return to Thai stocks. The SET index in 2019 should be at 1,750-1,800,” Mr Paiboon said.
If the new government was stable, investors’ confidence would last, he said.
Therdsak Thaveeteeratham, assistant president for research at Asia Plus Securities, said SET fluctuated in the past few months but its index would not fall below 1,600. (TNA)
