Analysts foresee dip then smooth sailing on the SET | Bangkok Post: business

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Analysts foresee dip then smooth sailing on the SET

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The share market remains bullish as a result of capital inflows, with the Stock Exchange of Thailand (SET) forecast to exceed 1,600 points after a correction in March and April, say analysts. 

The market is expected to decline by 7-8% from March-April before rebounding as concerns over the US debt ceiling expansion have eased, analysts told a seminar on the direction of Thai stocks this year organised by the SET yesterday.

Wikij Tirawannarat, a first vice-president at Bualuang Securities, said his company revised its SET forecast target to 1,640 points from 1,550 due to higher fund inflows and fundamental support.

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