The baht rallied after pro-democracy parties emerged as the biggest winners in Sunday’s election, while stocks linked to some of the nation’s billionaires fell on concern that a new government will introduce more industry competition.
The Thai baht rallied after pro democracy parties emerged as the biggest winners in Sunday s election, while stocks linked to some of the nation s bil.
The government’s plan to end quarantine for vaccinated visitors is “a fight to win foreign tourists,” Tourism and Sports Minister Phiphat Ratchakitprakarn said Tuesday. But analysts and industry executives see it as a long road to recovery fraught with risks of periodic virus resurgence and unpredictable travel trends.
Thailand’s plan to end quarantine for vaccinated visitors is "a fight to win foreign tourists,” Tourism and Sports Minister Phiphat Ratchakitprakarn said Tuesday.
Analysis consensus facing downgrade
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Securities analysts have stated that analysis consensus for listed companies may be downgraded this year if the second-quarter operating results drop.
Therdsak Thaveeteeratham, senior executive vice-president of Asia Plus Securities (ASPS), says the consensus from a Bloomberg survey currently stands at 83.6 baht per share, which is quite high since many brokers gradually upgraded their earnings per share (EPS) forecasts used in the calculation after listed companies showed better performance in the first quarter.
Mr Therdsak said most brokers made EPS forecasts at above 80 baht, based on the operating results and the pandemic situation in the first quarter when daily new infections averaged 2,000 cases a day.