Sign up | Log in



Capital Markets
August 4, 2007

SET could pass 1,000-points at year-end
The Stock Exchange of Thailand (SET) composite index could advance through 1,000 points before the end of 2007 while Thailand's gross domestic product (GDP) could sustain growth of over 4.5% cent if the draft constitution is approved in this month's national referendum and a general election is held later this year, a senior executive of a securities firm said.

Montri Sornpaisal, president of Kim Eng Securities, said stock investors are still awaiting the results of the referendum for the draft charter on August 19.

If it is approved and the election is held on schedule, investors will gain more confidence and the country's economy could grow more than the 4.5% as projected earlier, said Mr. Montri.

More public spending is expected along with increases in local consumption and investment, he said.

The SET index could rise through the 1,000-point level as the profits of listed firms will grow five and 12% in 2007 and 2008 respectively, he said, adding that foreign investors are now adjusting their investment portfolios after being net buyers for some time.

On August 3, the SET index closed at 837.73 points, up 7.44 points from Thursday, while total turnover was about Bt19.9 billion. But Mr. Montri cautioned that Thailand's economy could be hit by the imbalanced global economy, a sluggish US economy and the weak dollar. TNA

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand