Sector Update 06/05-10/05

Its 1Q13 earnings season and YoY comparisons are looking good b/c of last year’s low base (just a few months post the floods in 4Q11), going forward with the BoT looking to curb ST investments in the bond market resulting in the Thai baht finally weakening and no news flow locally, we wouldn’t be surprised to see the market begin to trade sideways over the next few weeks.

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