Asia Plus Securities (ASPS) has revised its year-end target for the Stock Exchange of Thailand (SET) index to 1,523 points, up from 1,450, supported by the launch of state-run Vayupak Fund units and new Thai ESG fund rules, as well as government economic stimulus.
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Asia Plus Securities (ASPS) has revised its year-end target for the Stock Exchange of Thailand (SET) index to 1,523 points, up from 1,450, supported by the launch of state-run Vayupak Fund units and new Thai ESG fund rules, as well as government economic stimulus.
If the Bank of Thailand cuts the policy rate by 0.25 percentage points this year, the SET index could reach 1,633 points by year-end, noted the brokerage.
Further rate cuts in 2025 could drive the Thai stock market to hit 1,700 points by the end of next year, said Therdsak Thaveeteeratham, executive vice-president of ASPS.
The Thai economy is recovering, thanks to the government’s economic stimulus, while lower interest rates would enable listed companies to generate more profit, he said.
ASPS anticipates the financial results of listed companies will increase by 27% year-on-year in the…