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Bangkok Post
Bangkok Post
Business

ASPS increases 2022 profit forecast for listed Thai firms

ASPS Thai United States Economic Growth Thailand

Asia Plus Securities (ASPS) has upgraded its profit forecast for listed companies in 2022 to 1.13 trillion baht as it is expecting Thailand's economic growth rate will continue to expand in the second half.

However, the brokerage firm cautioned that several factors could derail investment, including inflation, an interest rate hike and escalating China-US conflict. A US state governor visited Taiwan on Aug 22, a move that upset China, raising geopolitical tensions in the region.

Executive vice-president Therdsak Thaveeteeratham said ASPS increased Thai listed firms' net profit projection for 2022 to 1.13 trillion baht from 1.04 trillion.

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