But a correction is believed to be imminent after a 12-13% rise in the SET index these past six months.
"Even though stock prices are quite high now, the SET index may reach 1,650 next year if the investment roadmap of the
The GPF will maintain its local equity investment at 10.5% or
"The GPF has adjusted its portfolio, selling stocks that jumped in the past few months and shifting to other fundamental stocks whose prices remain cheap," he said. "We have to prepare for a possible correction."
In terms of fundamentals,
He anticipates earnings-per-share growth for listed firms of 5% this year and 10% next year once the stimulus package launched by the NCPO begins to wend its way through the system.
His forecast for
The GPF will keep 64% of its portfolio in government bonds, 15% in foreign stocks, 5% in foreign bonds and property, and the rest in other vehicles.
Win Phromphaet, head of investment for the Social Security Office, said the SSO still has 2% or
He voiced concern that the rapidly rising share prices could reach an upside limit, saying the SSO will wait for a market correction to about 1,200 points and start accumulative buying from there.
The SSO plans to raise the portion for global investment from the current
The office has invested in global bonds to the tune of
Prinn Panitchpakdi, country head of
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