Is the Thai Market expensive?

Well its a question we’ve been asking for a while, so last week we decided to take a quick a look at how the sector weightings have changed since the end of ’07 and its quite surprising. In the past we’ve always taken for granted that Resources were the biggest weighting in the SET, however this no longer is the case and quite simply the Property, Service and Tech sectors now rep close to 50% of the Thai market, have had traditionally higher P/E #’s (though are higher today), hence the high P/E ratio’s that we see today.

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