First-quarter net profits of SET-listed companies will likely reach an all-time high of 300 billion baht with an analyst suggesting better-than-expected quarterly earnings reports will help attract investment and sustain foreign inflows to the Thai bourse in the second half.
Tisco Securities expects banking and tourism stocks to outperform.
Apichart Phubancherdkul, head of strategy research at Tisco Securities, said the Russia-Ukraine war hit stock markets in other regions, particularly Europe, harder than the markets in Southeast Asia.
