webfact Posted December 17, 2019 Share Posted December 17, 2019 SET could reach 1,610 points in December: analyst By THE NATION Viwat Techapoonpol, stock analyst at Tisco Securities predicted on Tuesday (December.17) that the Stock Exchange of Thailand (SET) index in the last month of 2019 could rise up to 1,585-1,610 points, thanks to purchases of RMF and LTF, the latter only available until the end of December, of approximately Bt10 billion. The SET index as of Monday closed at 1,549.74 points, down on previous day at 24.17 points with total trade value of Bt53.9 billion. Other positive factors include the easing of trade tensions between China and the US and while most of the benefits will go to China, this has resulted in rises in several international markets, among them Nasdaq, DowJones, Dax, Fesx and Taiwan to rise. Stocks in TPI (Thailand, Indonesia, Philippines) are still underperforming compared to the Hang Seng, so this month would be likely to see a gradual rise then slow sideways progress. He also predicted that the oil price for the rest of 2019 could reach a new high with OPEC cutting daily production volume by 500,000 barrels starting January 1. Recommended outstanding stocks in December include AP, CPAll, KKP, MINT, SCB, SCC and VGI, while stocks of the day are IRPC, PTTEP and SCC. Source: https://www.nationthailand.com/news/30379530 -- © Copyright The Nation Thailand 2019-12-17 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
RichardColeman Posted December 17, 2019 Share Posted December 17, 2019 4 hours ago, webfact said: that the Stock Exchange of Thailand (SET) index in the last month of 2019 could rise up to 1,585-1,610 points File that one with 'maybe' 'might' and 'potentially' Link to comment Share on other sites More sharing options...
Isaan sailor Posted December 17, 2019 Share Posted December 17, 2019 So did they factor in an overpriced Baht? Link to comment Share on other sites More sharing options...
Srikcir Posted December 17, 2019 Share Posted December 17, 2019 Viwat, please read "SET falls as capital exits amid looming political uncertainty", https://www.nationthailand.com/business/30379512 "Another factor is the economic situation with growth showing signs of continuous deceleration. The current slowdown has started to affect profits of listed companies, the manufacturing sector and employment" Link to comment Share on other sites More sharing options...
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