PAD FETCO sees the SET index target this year 1,600 to receive the ERA revives the expectation of vaccines - capital inflows

Paiboon Nalintraangkun, Chief Executive Officer of TISCO Securities, as chairman of the Federation of Thai Capital Market สล็อตxo Organizations (FETCO), sees the target of the Thai stock market index in the year 64 at 1,600 points. Global stock market direction Especially in the first half of the year, the economic numbers clearly recovered. Despite the second wave of COVID-19 outbreaks, people are not as worried as to the first outbreak.
Most investors have high expectations of the COVID-19 vaccine. Many drugmakers have been able to produce vaccines and have begun injections to the general public in more than 40 countries, but the effects of vaccines and their efficacy must still be monitored, as well as the amount of vaccine production that will be sufficient for the global population. How much If anything goes wrong, it will have a heavy impact on the global stock market indices.

It will also be driven by the direction of the policy interest rate, believed to remain low for the next 2-3 years and liquidity remaining at a high level worldwide. At the same time, the new US President Joe Biden's new stimulus policy is expected to be added.

Paiboon believes that Thailand will have one more major supporting factor, namely More direction of foreign capital flowing into emerging countries Thailand is the main choice that capital flows into due to the basic availability. The turnover of listed companies (listed companies) will return to growth of up to 40% and in the past, foreign capital has flowed a lot.