SET could sink to 1,150 | Bangkok Post: business

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SET could sink to 1,150

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The domestic political situation will be the main factor as the SET index drops to a range of 1,150-1,200 in the near term, with a rebound unlikely until the second half, says Asset Plus Securities. 

Ratch Sodsatit, the newly appointed managing director, expects resistance at 1,450-1,500 once the market recovers.

With the uncertainty damaging market sentiment, stocks have become cheap: the market's price-to-earnings ratio of 11.5 is on a par with P/E in the Philippines and Indonesia.

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