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Stock analyst claims Thai stocks remain attractive despite volatility

  

BANGKOK, 21 September 2016 (NNT) - A stock analyst said despite volatility, Thai stocks will remain attractive to foreign investors. 

Mr. Monton Chunchaya of One Asset Management claimed the decrease in the Thai stock market index on Wednesday morning was due to decisions by the investors to sell their stocks to lower the risk ahead of the U.S. Federal Reserve meeting later on the same day. 

He added Japan was also expected to resort to a quantitative easing approach to stimulate its economy. Mr. Monton anticipated that the support and resistance levels in the Thai stock market in the 4th quarter will be 1,413 and 1,500 points respectively. 

The resistance level can go up to 1,600 points by the end of this year given that the overall economy continues to grow. There will also be 10 billion baht worth of long term equity funds injected into the Thai stocks late this year. 

 

-- nnt 2016-09-21

[Orac]

No decrease in SET this morning - up over one percent. 

[ExpatOilWorker]

16 minutes ago, Orac said:

No decrease in SET this morning - up over one percent. 

 

That 1% could quickly evaporate if things start to go south.

[HenryB]

Maybe I should give him all my to invest than I will be rich?

[maewang99]

that chart above with 1994 on it has been the biggest money maker I have ever been in.... and that includes being fully invested in the US markets before the Dow broke 1,000 for the 2nd time.

Edited September 21, 2016 by maewang99

[williamgeorgeallen]

well just for once i would like to hear him tell everyone to panic sell. just to see if any one takes any notice of what he says.