Thailand stocks are reasonably priced

For Thailand, there is nothing to be bullish about. You can't be very optimistic. But what investors have realized is that Thai stocks are reasonably priced. Second, what many investors have not realized is that Thailand sits on foreign reserves that in percentage of the population are larger than China's. I don't think they [Thailand stocks] will go up a lot, but downside risks aren't high, because Thai companies are paying good dividends.