"Trinity Securities' latest analysis pointed out that the Thai bourse was possibly at risk if the US federal funds rate were raised in December. At the opening, the index surged 20.08 points or 1.32 per cent. Based on Kasikorn Securities' estimated earnings of Bt94 each for next year, the P/E ratio would be around 15 times. "We maintain our target for the SET Index this year at 1,530 points, given that listed companies' performance in the second and third quarters was less than expected, compared with the same periods last year. "The push of the fund inflows will be softer, as the world's major central banks are tapering their money-easing policies," said Trinity Securities, adding that the SET Index - based on an average of estimated earnings per share of Bt105.83 - was expected to stand at 1,522 points next year.

Source: The Nation Bangkok August 08, 2016 18:07 UTC