Buy Thai Stocks After Recent Drop, Credit Suisse Says
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Investors should buy Thai stocks after the benchmark index fell the most in 15 months, as an improving political outlook and better earnings prospects outweigh inflation concerns, Credit Suisse Group AG said.
The SET Index lost 4.3 percent yesterday, the steepest decline since October 2009, as nationalist protestors said they will rally “indefinitely” in Bangkok. The gauge has tumbled 9 percent since reaching a 14-year high on Jan. 6, joining regional neighbors from India to Indonesia in slumping from recent peaks on concern consumer price gains will accelerate.