Rising household debt and non-performing loans (NPLs) are going to hurt listed companies in leasing, hire-purchase and finance because they are drag on the economy and lower consumer purchasing power, says an analyst.
Jitipol Puksamatanan, head of macro and wealth research at CGS-CIMB Securities, said Thai household debt has grown over the years, spurred by government policies such as the first car buyer and first home schemes.
