Stock market analysts are now expecting Thailand’s 30th prime minister to take office this week, giving a boost to stocks that are set to benefit from the Pheu Thai Party’s policies and stimulus measures to be introduced by the new government.
Asia Plus Securities (ASPS) anticipates that the 11-party coalition with 314 MP seats announced by Pheu Thai on Monday would win enough support from senators to form the new government and install the premier at Tuesday’s parliamentary meeting. Then a new cabinet would be formed by late August.
“If the government formation runs smoothly, it should relieve concerns over the political vacuum and 2024 budget, having a positive sentiment on the Stock Exchange of Thailand [SET] index,” ASPS said in a research note issued on Monday.
Investors may speculate on stocks benefitting from policies under a Pheu…
