The Thai stock market is expected to offer a mere 5-10% upside
gain this year as the country's economic recovery remains uneven and
domestic political uncertainties still loom, says an Amundi Asset
Management...
Leon Goldfeld, director of investment at Amundi Hong Kong, said improving economic conditions and corporate earnings, albeit slightly better, would underpin the gain.
"But at the same time, we think that Thai equities are not that cheap and they have rallied quite a bit, while [economic] growth has not yet come through. So, Thai equities will probably perform in line...
Uncertainty surrounding how the military-led government will relinquish power and the timing of its power transfer are factors influencing market sentiment and limiting the upside opportunity of Thai equities,...
He said equities considered as overweight are in the cyclicals and potential beneficiaries from increased government-funded investment projects, such as selected construction firms and material providers.
Equities linked with some food exporters should also benefit from increased global demand on the back of an improving economy, and substitution demand away from the scandal associated with China's food...
Read more at Click here / www.trade4x.net
Leon Goldfeld, director of investment at Amundi Hong Kong, said improving economic conditions and corporate earnings, albeit slightly better, would underpin the gain.
"But at the same time, we think that Thai equities are not that cheap and they have rallied quite a bit, while [economic] growth has not yet come through. So, Thai equities will probably perform in line...
Uncertainty surrounding how the military-led government will relinquish power and the timing of its power transfer are factors influencing market sentiment and limiting the upside opportunity of Thai equities,...
He said equities considered as overweight are in the cyclicals and potential beneficiaries from increased government-funded investment projects, such as selected construction firms and material providers.
Equities linked with some food exporters should also benefit from increased global demand on the back of an improving economy, and substitution demand away from the scandal associated with China's food...
Read more at Click here / www.trade4x.net
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