Brokerages recommend stocks in the tourism and healthcare sectors, which are expected to benefit the most from the new government’s short-term economic stimulus, as policies to lift the tourism sector can be implemented immediately without waiting for the fiscal 2024 budget.
Analysts expect the first cabinet meeting on Sept 12 to introduce measures to drive economic growth in the short term. Among the measures could be a visa-free policy for Chinese tourists, lowering electricity tariffs and petrol prices, and suspending agricultural debts.
Suchot Thirawannarat, research director of KGI Securities (Thailand), said policies to expand tourism can be introduced immediately because they do not require a large amount of money. Policies that require a larger budget are expected to be gradually introduced early next year.
“Chinese tourist arrivals have fallen…
