The SET index has gained 2.4% in baht terms on a year-to-date basis through October, which translated to a 10.4% increase in US dollar terms. Foreign net trading recorded an outflow of US$1.76 billion (53.4 billion baht) in August, followed by outflows worth $381 million and $258 million in September and October, respectively. Net foreign outflows in the stock market during the first 10 months were valued at $430 million. "Foreign investors are expected to return to the SET if negative factors subside as our stock market remains strong in terms of fundamentals and growth." PORNPROM SATRABHAYAThe SET index's forward price-to-earnings ratio (P/E) and historical P/E ratio as of October stood at 16.6 times and 18.5 times, respectively, staying above the average forward P/E ratio and historical P/E ratio of Asian stock markets of 14.9 times and 15.9 times.

Source: Bangkok Post November 11, 2019 23:02 UTC