Market Update: 15/12 – 31/12
Last year the SET returned 15.3%, the first few weeks a lot of the brokers are mentioning the possibility of LTF redemptions and the continued weakness in oil prices to weigh on the energy sector here.
Last year the SET returned 15.3%, the first few weeks a lot of the brokers are mentioning the possibility of LTF redemptions and the continued weakness in oil prices to weigh on the energy sector here.
Xavi
I predict short term pain but long term value for blue chip energy stocks. The shale producers in the USA are already hurting and cutting back capex as a result which will rebalance the markets within the next 6-9 months in my opinion. As long as China or the EU don’t implode before then which will crater demand.