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Friday, May 10, 2024

Pink Line incident dings sentiment of several firms

The Pink Line monorail runs from Ram Intra towards Chaeng Watthana, while the Green Line skytrain passes above it. VARUTH HIRUNYATHEB

Investors should not rush to buy the stocks of Sino Thai Engineering and Construction (STEC), BTS Group Holdings (BTS) and Ratch Group (RATCH), although prices have dropped sharply since the Pink Line mass transit incident on Sunday, says Bualuang Securities (BLS).

Shares of STEC, BTS and RATCH fell on negative sentiment after several…

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