Industry, Economic, General SET

Here is a discussion I just had with a Thai broker analyst, post reading their newly released "buy" recommendation with a price target of 440 Baht:

As  long experienced investors here we are aghast how you can recommend Delta as a buy today, at this stratospheric high valuation?....

Here is how seniors of one broker answered me, when I asked why is DELTA not T1 or T2 SET flagged, as its over speculated on:

"DELTA can surge without hitting T1 because:
-The activity is not considered abnormal yet
-Volume and trading behavior

...

Today my letter was published in the BKK Post. Where I dare to raise the often poor broker behavior in enticing retail clients to just trade, rather then invest. While this ill-practice is never mentioned, its one reason the SET has stalled and retail investors all but gone.

...

As we continuously see, on the Thai Stock exchange it's the same old-saga, for so long -even getting worse...for now. 

The stock mkt. here is/remains ever so over dominated by speculating on way-overvalued very, very few big cap stocks, or new IPO's, while the rest is all but ignored....even so at 1/10...