SET Index to expected rise about 7% further in 2023
Investors monitor share prices at a brokerage in Bangkok. (Photo: Pornprom Satrabhaya)
A better-than-expected upswing in tourism from China’s re-opening and the likely fillip to domestic consumption make Thai stocks the top pick for JPMorgan Chase & Co in Southeast Asia.
A historical run-up in the market prior to general elections and continued margin expansion for corporates from easing energy and raw material costs will also help stocks listed on the Stock Exchange of Thailand (SET) outperform the broader market in the region, excluding Vietnam, according to Kae Pornpunnarath, head of Thai equity research for JPMorgan.
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