SET outlook positive on euro-zone moves

Published: 11/01/2012 at 3:35 PM
Category: Finance / Investment

Poor Q4 effects likely to be ‘short-lived’

The Stock Exchange of Thailand index is moving swiftly towards a positive trend on prospects that new remedies addressing the euro-zone crisis will take firmer shape, says SCB Securities (SCBS).

Poor Q4 effects likely to be 'short-lived' The Stock Exchange of Thailand index is moving swiftly towards a positive trend on prospects that new remedies addressing the euro-zone crisis will take firmer shape, says SCB Securities (SCBS).

Bangkok Post

Late last year, analysts projected the investment outlook for the Thai bourse in this year’s first quarter would be poor and uncertain, but SCBS has revised its forecast to be more positive.

Kiattisak Jenwipakul, the managing director of SCBS’s research group, said an easing of the euro-zone debt crisis and loosening pressure from China’s economic bubble will be major supporting factors for the SET index during this quarter.

The results of SET-listed companies are not the only concern, as the post-flood recovery is expected to bring growth of 19% this year.

“Remedies for the euro-zone debt crisis are expected to be more concrete, while there are early signs of accommodative monetary policies in Asia, particularly China, to pre-empt economic and investment slowdowns,” said Mr Kiattisak.

With the market reacting to so much bad news in last year’s fourth quarter, low market expectations will support the upside surprises from external factors.

The Chinese government has tried to promote domestic consumption to ease its heavy dependence on exports, but this will take some time to change.

Inflationary pressure in that country…

Full story from Bangkok Post at http://goo.gl/Z6u5b

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