SET back to lethargy.

At the end of June 2025, I turned SET bullish for the first time in 3-4 years. The market did rebound nicely for a few months only to stall again of late. Its gone back to a dominant trading-speculating stock mkt. here -with a very few large capitalized overvalued stocks attracting most all the attention and capital, while the rest is all but ignored! DELTA (222) as a prime example regularly is the most active traded stock on the SET -with its stratospheric p/e of 138 and minuscule stated annual dividend at 0.21%. Its a sad state of affairs on the Thai stock exchange because it has some of the highest dividend yielding stocks anywhere at 6-8%, while ultra low interest is paid on Thai bank savings accounts (around 0.3%). Hence, the so called "yield-gap" here has to be a World record high, anywhere. I mostly blame the brokers here for not pointing this out more, vs. endless trading galore.
Paul A. Renaud. www.thaistocks.com
