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MARKET COMMENT : Thai Shares Likely Up; Resistance Tipped At 1535

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02/22/2013 | 03:05am CET

0149 GMT [Dow Jones] Thai shares are expected to rebound after the market's recent decline. "I think downside risk to the Thai stock market is limited due to expected capital inflows," says Thanachart Securities analyst Adisak Phupiphathirungul. He recommends investors buy domestic plays including bank, telecom and property stocks due to their solid 2013 outlooks. Resistance is tipped at 1535, while support is pegged at 1520-1525. The benchmark SET index ended 1.2% lower at 1528.74 Thursday. (payungsak.wiriyabunditkul@dowjones.com)

 
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