บทวิเคราะห์ (Research)

SET Index already absorbed bad news and future negative sentiment, so SET valuation is inexpensive now. Market earning yield gap is 4.5-4.8%, higher than the average of 3.8%. PBV is only 1.34x (-1.2SD), almost the same level as during crises. SET Index already absorbed Trump inauguration and his Make America Great Again (MAGA) policies. SET Index should rebound if MAGA policies are not harsh as expected. Trump’s day-one policies were not harsh, so it may rebound today.