Thailand’s stocks may rebound in the fourth quarter as the appointment of a new government will likely bolster optimism about the prospects of fiscal stimulus spurring sluggish economic growth, according to a survey of analysts.
The nation’s benchmark SET Index may rise to as high as 1,643 in the fourth quarter, according to Investment Analysts Association, a group of local stock analysts. The prediction implies a 9.3% increase from the end of June. The group cited a survey of 25 securities companies in Thailand.
