Two things to note: 1) the SET is now just 10% from its peak back in May ’13, 2) Banks have been driving the SET rally this year up 26% for the year.

One question, is this really justified? Foreign investment levels in the Thai market are incredibly low (lowest I’ve seen since I’ve been working here since ’04), but local institutions are still ensuring the market is staying @ these levels, why? Too many assets on hand with limited investment options perhaps?