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Expert Expects Stock Exchange of Thailand to Hit 500 Mark Next Year.
Byline: Nuntawun Polkuamdee
Dec. 6--The Stock Exchange of Thailand index will reach 500 points in 2003, with the performance of listed companies gaining 11 percent from this year, according to Chaiyaporn Nompitakcharoen, vice-president of Bualuang Securities.
The SET index, which closed at 364.94 points on Wednesday, has been one of the strongest performers in the Asia-Pacific region over the past 12 months, with growth of more than 20 percent.
Mr Chaiyaporn said Thai shares remained undervalued and projected that the price-to-earnings ratio for the entire market would rise to 15 times in 2003, from 12.5 currently.
Supavud Saicheua, an ...
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Source: HighBeam Research, Expert Expects Stock Exchange of Thailand to Hit 500 Mark Next Year.