Thai media stocks to pick up this year
By Leah McBride Mensching, Monday 28 January 2008 at 23:44 :: General :: #1164 :: rss
After the media sector in Thailand took a dive in 2007, it is expected to pick up this year, thanks to improved business prospects in the local economy after the formation of a new coalition government, the Bangkok Post has reported Tuesday.
Although Thai stock markets continue to be slow, due to fears of a U.S. recession and heavily sold Thai stocks, media stocks are attracting more investors.
“Media stocks are interesting. Most of their performance depends on domestic factors, so the U.S. sub-prime mortgage crisis or the 'hamburger crisis' won't affect them,” Tarisa Chaisuntornyotin, a Kasikom Securities analyst, told the Bangkok Post.
Chaisuntornyotin said the government, led by the People Power Party, is expected to speed up investments to stimulate the economy.
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