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Thaksin's power plan leads to stock fears

Bangkok Post LogoBangkok Post7h ago

Thaksin's power plan leads to stock fears - Bangkok Post

Quick Summary:

Former premier Thaksin Shinawatra's proposal to cut the electricity tariff has raised regulatory risks for energy and utility stocks, says CGS International Securities, as the China-owned brokerage slashed its year-end stock index target by 100 points to 1,530.

In CGS's view, the government may subsidise the 0.45 baht per unit cut in the electricity tariff.

Sectors expected to post strong earnings growth include transport, petrochemicals and food, while weak net profit growth is forecast in construction, agriculture and consumer staples.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 06:10:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 25183841

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About Bangkok Post

Bangkok Post Logo

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 23 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 5 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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  • URL: https://beamstart.com/news/thaksins-power-plan-leads-to-17369837005797

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