Thai Stocks to Gain from Chinese Stimulus Measures
Thai industries like petrochemicals, tourism, and packaging will benefit from China's new economic stimulus, according to analysts from Pi Securities and Kasikorn Research Center. These measures are expected to push the Thai Stock Exchange index to 1,500 points and positively impact tourism and logistics sectors. Recommended stocks include Airports of Thailand, Erawan Group, and Delta Electronics Thailand.
Pi Securities and Kasikorn Research Center (K-Research) forecast Thai industries such as petrochemicals, tourism, packaging, and rubber to benefit from China's new economic stimulus measures aimed at boosting its struggling economy.
Analysts believe these measures will push the Thai Stock Exchange index to 1,500 points.
China's stimulus package, which includes measures to support the stock market, real estate, and interest rate cuts, comprises only 3.3% of GDP compared to the 15% stimulus during the 2008 financial crisis.
Analysts from Asia Plus Securities (ASPS) consider the measures sufficient to help China's GDP growth reach 5% this year, positively impacting sectors like tourism and logistics in Thailand.
Recommended stocks include Airports of Thailand (AOT), Erawan Group (ERW), and Delta Electronics (Thailand) (DELTA).
Analysts believe these measures will push the Thai Stock Exchange index to 1,500 points.
China's stimulus package, which includes measures to support the stock market, real estate, and interest rate cuts, comprises only 3.3% of GDP compared to the 15% stimulus during the 2008 financial crisis.
Analysts from Asia Plus Securities (ASPS) consider the measures sufficient to help China's GDP growth reach 5% this year, positively impacting sectors like tourism and logistics in Thailand.
Recommended stocks include Airports of Thailand (AOT), Erawan Group (ERW), and Delta Electronics (Thailand) (DELTA).
