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Monday, April 29, 2024

Analysts tout stocks related to coalition

An investor looks at an electronic board of stock indices at a brokerage on Sathon Road. (Photo: Pornprom Satrabhaya)

Analysts agree on a positive outlook for stocks related to the Pheu Thai and Bhumjaithai parties after the two agreed to jointly form a new coalition government.

LH Securities (LHS) recommends investors selectively buy stocks linked to the Pheu Thai and Bhumjaithai parties after the two struck a deal to form a new government with 212 combined votes, with the addition of some smaller parties.

Together with Chart Thai Pattana Party, the new coalition has 238 MPs. It needs at least 250 MP votes and a…

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