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CGS-CIMB slashes SET index year-end view

Brokerage sours on state proposals

CGS-CIMB Securities cut its year-end SET index forecast from 1,720 points to 1,550 points.

The Thai unit of CGS-CIMB Securities, majority-owned by the Chinese government, has downgraded its forecast for the Stock Exchange of Thailand (SET) index at year-end from 1,720 points to 1,550 points, citing the country’s policy risks.

Kasem Prunratanamala, head of Thailand research at the…

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