SET will hit 1,704 points in 2013: SAA | Bangkok Post: business

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SET will hit 1,704 points in 2013: SAA

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The Securities Analysts Association (SAA) expects the SET index to reach a high of 1,704 points this year, propelled by the government's 2 trillion baht worth of planned infrastructure spending, listed companies' strong earnings growth and continuing capital inflows. 

However, the consensus among SAA analysts is that investors should reduce their asset allocations in Thai equities and raise investment abroad and in bonds.

Secretary-general Sombat Narawutthichai said the SAA revised up this year's listed companies' earnings growth forecast to 20.3% from 15% projected last December.

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