Bright prospect for Thai stock market

At the seminar by Krungthep Turakij and National Institute of Development Administration, Montri Sornpaisarn, CEO of Kim Eng Securities (Thailand), said the company expected Thailand's economy to contract 3.5 per cent from earlier projection of minus 4 per cent. As a result, the Stock Exchange of Thailand Index could reach 750 points this year, from earlier projection of 700 points. He believed that economic stimulus packages and low interest policy would prevent the global economy from falling further.

Asia Plus Securities CEO Kongkiat Opaswongkarn maintained his optimistic view over the Thai stock market in the latter half. As 126 listed companies' prices are below book value, the Thai market is cheap and attractive. He expected the SET Index to rise to 772 points at price-to-earning ratio of 14.