AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Byline: Nikhil B. Srinivasan
Jun. 6--A friend at dinner last night asked me if the SET was now cheap or expensive. My answer: it depends. I was not trying to evade the issue, just attempting to lay out the variables -- the biggest of which are growth and liquidity. The recent move in the market reflected both variables.
On the growth front, the economy showed continued signs of a pick-up with capacity utilisation rates rising and the manufacturing production index up 9 percent . Consumption remains robust and while consumption cannot be a long-term story without more structural change in the economy (resulting in higher incomes), it still has some time to run.
A couple of months ago, I suggested exports would have a decent second quarter. The April number was actually positive (up 1 percent ) and I continue to maintain that we have seen the worst of our export numbers. While we cannot return to exports powering our growth engine, a better show should be expected. I think the ...
Source: HighBeam Research, Bangkok Post, Thailand, Nikhil B. Srinivasan Column.