Download pdf - Earning yield gap and SET Index · S&P 500 appears attractive relative to bonds 4 Investor Behavior Cycle. 5 Foreign Ownership As of 12 May, ... Bank –14% (%) Foreign Ownership

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Page 1: Earning yield gap and SET Index · S&P 500 appears attractive relative to bonds 4 Investor Behavior Cycle. 5 Foreign Ownership As of 12 May, ... Bank –14% (%) Foreign Ownership

22

Earning yield gap and SET Index

Source : KS Research, Bloomberg

Page 2: Earning yield gap and SET Index · S&P 500 appears attractive relative to bonds 4 Investor Behavior Cycle. 5 Foreign Ownership As of 12 May, ... Bank –14% (%) Foreign Ownership

33

Relative Value S&P 500 appears attractive relative to bonds

44

Investor Behavior Cycle

Page 3: Earning yield gap and SET Index · S&P 500 appears attractive relative to bonds 4 Investor Behavior Cycle. 5 Foreign Ownership As of 12 May, ... Bank –14% (%) Foreign Ownership

55

As of 12 May, 2020Foreign Ownership

66

Energy –4%

(Since GFC)Commerce –14%

(Since GFC)Bank –14%

Foreign Ownership(%)

Property –13%(Since GFC)

Page 4: Earning yield gap and SET Index · S&P 500 appears attractive relative to bonds 4 Investor Behavior Cycle. 5 Foreign Ownership As of 12 May, ... Bank –14% (%) Foreign Ownership

77

GDP growth rate South Asia

88

Impact of COVID-19 to Economy

Page 5: Earning yield gap and SET Index · S&P 500 appears attractive relative to bonds 4 Investor Behavior Cycle. 5 Foreign Ownership As of 12 May, ... Bank –14% (%) Foreign Ownership

99

การเคล่ือนไหวของ SET Index กับวิกฤติการณตางๆ

1010

EPS SET Index

Page 6: Earning yield gap and SET Index · S&P 500 appears attractive relative to bonds 4 Investor Behavior Cycle. 5 Foreign Ownership As of 12 May, ... Bank –14% (%) Foreign Ownership

1212

Page 7: Earning yield gap and SET Index · S&P 500 appears attractive relative to bonds 4 Investor Behavior Cycle. 5 Foreign Ownership As of 12 May, ... Bank –14% (%) Foreign Ownership

1313

1414

Page 8: Earning yield gap and SET Index · S&P 500 appears attractive relative to bonds 4 Investor Behavior Cycle. 5 Foreign Ownership As of 12 May, ... Bank –14% (%) Foreign Ownership

1515

เลนกราฟตองเช่ือกราฟ เลนกราฟตองไรใจ

ภานุวัฒน เพ็ชยมาตร

16


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