SCBS holds pat at 1,700 forecast for Thai stock market

A board at Asia Plus Securities shows movements of stock prices. PORNPROM SATRABHAYA

SCB Securities (SCBS) expects to maintain its 1,700-point index projection for the Thai bourse by the end of the year, recommending investors buy shares that have benefited from the weakening baht and global demand.

"We suggest investors look at those sectors that have benefited from the global economy and currencies being exchanged with lagging prices," said Isara Ordeedolchest, senior vice-president for the investment strategy department.

Supporting factors behind the strong rise of the Thai stock exchange include recovery of the export sector in line with global economic momentum, which partly helps improving domestic consumption and the overall domestic economy, as well as government investment and local political stability.

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