Lockdown favours healthcare stocks
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A bus driver talks on a mobile phone as all inter-provincial buses are grounded at Mor Chit terminal to prevent the coronavirus spread. (Photo: Pattarapong Chatpattarasill)
Healthcare and medical equipment stocks are set to remain the biggest beneficiaries of Thailand's ongoing lockdown, while airlines continue to slump, according to a brokerage.
At the end of last month the government extended restrictions for another 14 days, starting from yesterday, and surging Covid-19 cases prompted the SET Index to continue its decline.
Mongkol Puangpetra, executive vice-president of KTBST Securities, predicted the lockdown would continue throughout August.
"If the number of infections remains high, we expect the lockdown to be extended until the end of this month," he said.