Thailand's SET to Rise 7% in 2015 - Nomura

        0334 GMT [Dow Jones] Thailand's SET is likely to extend this year's strong performance in 2015, rising an additional 7% as the new government ushers more reform measures, Nomura says in a note. "Thailand is heading for a major overhaul via reforms in 2015. We expect the country to come out in a much better shape than the one entering the political crisis in year-end 2013," the research house says. Nomura likes Thailand's positive GDP momentum over the next few quarters despite a weak performance this year. But Nomura warns that the market "is no longer cheap." It says investors should focus more on the beneficiaries of public spending on infrastructure--such as Siam Commercial Bank (SCB.TH) and Siam Cement (SCC.TH)--and the recovery of other demand-led sectors like consumption and retail, in which it prefers companies like CP All (CPALL.TH). Among tourism picks, it likes Airports of Thailand (AOT.TH). (jake.watts@wsj.com; @jmwatts_)
        (END) Dow Jones Newswires
        November 10, 2014 22:35 ET (03:35 GMT)