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Bangkok Post
Bangkok Post
Business

Bualuang upbeat on Q4 SET Index rally

BLS Stock Market US Federal Reserve United States Economic Growth Inflation
According to Bualuang Securities, the SET Index could reach 1,705 points by year-end and 1,800 points in 2023. Pornprom Satrabhaya

Bualuang Securities (BLS) is bullish about prospects for the Thai stock market in the fourth quarter, saying tourism-related businesses would play a key role in driving economic growth and the SET Index could reach 1,705 points by the year-end.

Tourism should fully recover in 2023 with the SET Index poised to surge dramatically to 1,800 points, as banking stocks continue their growth, said the brokerage.

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