And the foreign buying into Thai equities continues. We have been thinking that the sudden rush of buying a few weeks ago would awaken the appetites of both local institutions and retail investors. It looks to be the case given the market volumes seen.

  1. a quick glance seems like the large caps are really rallying hard while small caps have lagged perhaps due to valuations.

    Valuations look stretched with little upside now, yield is becoming poorer by the day. Perhaps best to wait until the hot money leaves these shores and valuations come back down to some normality.

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