The SET Index looks likely to advance this month with an expected trading range between 1,700 and 1,720 points, potentially marking the year’s high. In addition to earnings and dividend plays, investors are cheering the Chinese reopening, which should bode well for earnings growth.
Among the key factors expected to influence trade:
Earnings plays: We forecast aggregate fourth-quarter 2022 net profit of the SET Index to decline 16.9% year-on-year and 1.8% quarter-on-quarter to around 220 billion baht. Earnings reporting is well under way and will continue until Feb 28.
Domestic politics: The government is widely expected to dissolve the House sometime in mid-March, as the Election Commission needs time to redraw electoral boundaries for 400 constituencies. In any case, all…
