Thai stocks too expensive: fund managers

[BANGKOK] Two of Thailand's biggest money managers say the surge in stocks that sent the benchmark SET Index into a bull market on Monday has gone too far, too fast.

The nation's Social Security Office (SSO), which invests pension contributions from local workers, is holding cash in anticipation of a market decline, Win Phromphaet, SSO's head of investments, said at a conference in Bangkok on Monday.

Investors are too sanguine about the prospects for economic growth after the army seized control of...

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