[Bloomberg] Thailand’s SET Target Raised at Kim Eng on Economy (Update2)
[Kim Eng raised its year-end target for the SET to 750 from 700, George Huebsch, Kim Eng’s head of research, said in an interview with Bloomberg Television. The measure yesterday climbed 1.3 percent to close at 653.20 and was little changed at 653.15 as of 12:10 p.m. in Bangkok.
“Thailand’s weathered the economic slowdown extremely well,” Huebsch said. “Earnings should improve further over the next several quarters with the economic recovery.” ]
BP: As article also notes, the SET has gone up significantly this year. If the SET continues to rise then for those in Thailand who have stocks will likely feel wealthy and start spending more (that is of course only paper wealth), but the effect will be to increase consumption.[The Nation] Dissent in the Reds
[Fugitive suspect Jakrapob Penkair has lectured his red-shirt co-leaders for falling under an illusion that they could reinstall ex-premier Thaksin Shinawatra in power via the pardon petition.
In his article "Thaksin returning home?" published on Tuesday by Naew Ruam Red weekly magazine, Jakrapob reminded the co-leaders for misleading the red shirts to harbour a false hope.]
BP: Wasn't the point of the petition to show popular Thaksin was?
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