bearish

Thailand: Aging Poor

213 Views28 Feb 2024 23:42
Bondcritic has highlighted this Insight as a Top Pick
SUMMARY
  • Thai equities lack growth and innovation. Big corporations continue to have unfair advantages in terms of access to bank financing and business opportunities.
  • Thailand is an aging society with rising income disparity and a stalling education system. Hence, we have questioned how Thailand will escape the middle income trap in the near term.
  • We expect more disruptions and policy blunders which could impair Thai stock performance. We do not believe Thailand can correct its cause in the near term.
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