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Thai Market Regulators Project Strong Gains Despite Global Investor Jitters.
Byline: Nuntawun Polkuamdee
Jul. 1--While investors worldwide have become increasingly jittery about the reliability of published corporate accounts in the wake of the Enron and WorldCom scandals, local market regulators insist that prospects for the Thai market remain strong going into the second half.
Kittiratt Na Ranong, the president of the Stock Exchange of Thailand, recently repeated his views that with the economy continuing to recover, the potential remained for the SET index to reach 500 points by year-end.
Given Friday's close of 389 points, reaching the target would require a further gain of nearly 30 percent, somewhat optimistic ...
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