MARKETS
SET on rise, says Tisco chief
Foreign fund inflows will maintain growth
- Published: 10 Jan 2013 at 00.00
- Newspaper section: Business
The Thai stock market will reach 1,700 point in two years, driven by foreign fund inflows on the back of low global interest rates and the likelihood that the US and European economies will take another year to recover, according to Paiboon Nalinthrangkurn, chief executive at Tisco Securities.
Mr Paiboon said listed firms still have earnings growth and dividend yields higher than the deposit rate, while the market's forward price-to-earnings ratio is still lower than those of the top-performing countries in the region.
Last year, the Turkish stock market recorded the highest global returns at 60%, followed by the Philippines and Indonesia.
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