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Phatra Securities Sees Thai Stock Exchange Reaching 860.
Byline: Darana Chudasri
Feb. 3--Phatra Securities has set a year-end target for the Stock Exchange of Thailand at 860 points, with the possibility of breaking 1,000 sometime in the first half.
Supavud Saicheua, managing director of Phatra Securities, said supporting the index would be three "Ps": policies supporting state stimulus from both the monetary and fiscal side, the perception that stocks would outperform bonds, and the performance of listed companies themselves.
Dr Supavud said a target of 860 assumed that stocks would outperform bonds by at least two percentage points, corporate profits would grow by at least 12.5 percent, and that ...
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Source: HighBeam Research, Phatra Securities Sees Thai Stock Exchange Reaching 860.