Aberdeen Asset Management Sees Stability in Thai Stock Market, Sets Target of 1,500 Points This Year

Aberdeen Asset Management (Thailand) assesses the investment atmosphere in the Thai stock market as beginning to stabilize after the election, helping reduce concerns about policy delays and ensuring continuity for the new government. They view certain industry groups as potential beneficiaries if the government can effectively implement policies. Key sectors with potential include infrastructure, which could benefit from accelerated public investment; commercial sectors through economic stimulus measures and household fund injections; and banking/financial sectors via debt moratorium policies and cost of living reductions like electricity prices. The company recommends a balanced portfolio strategy, focusing on growth stocks with predictable profits and defensive stocks that can better manage market volatility. Large companies with strong financial foundations and good dividend payments, as well as export-oriented stocks with clear profit recovery trends, are highlighted as attractive investment options. Aberden maintains a positive short-term view of the Thai stock market, while emphasizing the need to closely monitor budget approval progress and policy developments of the new government. They project the SET index could potentially return to 1,450-1,500 points, contingent on favorable economic scenarios and analyst projections.