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ubs upgrades thailand market outlook to overweight amid positive policy changes
UBS has upgraded Thailand to 'Overweight', citing improved market attractiveness and reduced political uncertainties. The firm anticipates a decrease in credit costs and highlights potential in Thai stocks, particularly CP All and Airports of Thailand, amid evolving market dynamics and government policy support. Despite global economic challenges, UBS sees opportunities for tactical outperformance in emerging markets, driven by a recovery in consumption and tourism.
virtual banks set to invest 5.7 billion baht by mid 2026
Three consortiums awarded virtual bank licenses are expected to invest up to 5.7 billion baht within a year to develop digital platforms, with operations commencing by mid-2026. Each consortium is projected to spend 1-1.9 billion baht on IT systems and related assets, while ongoing capital expenditure will be necessary for system maintenance and product enhancements. Key beneficiaries of this investment include Bluebik Group and Beryl 8 Plus, which specialize in tech services for the banking sector.
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