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KS increases SET outlook

Kavee: Thai stocks not expensive

Capital inflows are projected to continue streaming into Thailand's stock market this year and next because of the country's economic recovery, says Kasikorn Securities (KS).

The Thai bourse is expected to receive fund inflows valued at 30-40 billion baht the rest of this year and some 180 billion baht next year, said KS deputy managing director Kavee Chukitkasem.

Investors are likely to favour large-cap stocks because of continued economic growth momentum, with certain stocks benefiting from public investment in mega-infrastructure development projects, said Mr Kavee.

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