Sector Update 20/01 – 24/01

The market rallied strongly towards the end of last week driven purely by the Banking and Telco sector. We have our doubts on Thai banks attaining double digit growth rates for 2014, there’s no more corporate income tax to help the profit growth as there was in the past few years, and loan growth looks so-so, thus declining ROE’s are likely for this year.

00sum 01set 02mai

03agri 04conpro 05fin 06fin 07propcon 08resources 09service 10tech

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