Thailand's Political Uncertainty Could Weigh on Construction Sector -- Market Talk

Dow Jones

Jun 25, 2025

0309 GMT - Thai construction stocks may come under pressure in the near term, UOB Kay Hian analyst Kasemsun Koonnara writes in a note. The Pheu Thai Party-led government is facing mounting instability following a coalition split and the leak of an audio clip, the analyst notes. "This has heightened the risk of legal proceedings, policy delays and the potential dissolution of the House." The political uncertainty could also obstruct budget approval and stall major infrastructure projects, the analyst adds. UOB KH downgrades its rating on Thailand's construction sector to market weight from overweight. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

June 24, 2025 23:11 ET (03:11 GMT)

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The Pheu Thai Party-led government is facing mounting instability following a coalition split and the leak of an audio clip, the analyst notes. \"This has heightened the risk of legal proceedings, policy delays and the potential dissolution of the House.\" The political uncertainty could also obstruct budget approval and stall major infrastructure projects, the analyst adds. UOB KH downgrades its rating on Thailand's construction sector to market weight from overweight. 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The Pheu Thai Party-led government is facing mounting instability following a coalition split and the leak of an audio clip, the analyst notes. \"This has heightened the risk of legal proceedings, policy delays and the potential dissolution of the House.\" The political uncertainty could also obstruct budget approval and stall major infrastructure projects, the analyst adds. UOB KH downgrades its rating on Thailand's construction sector to market weight from overweight. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 24, 2025 23:11 ET (03:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001135.SGD","symbol_name":"United ASEAN Fund SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2546239266","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546239266","pubTimestamp":1750821060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0309 GMT - Thai construction stocks may come under pressure in the near term, UOB Kay Hian analyst Kasemsun Koonnara writes in a note. 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The Pheu Thai Party-led government is facing mounting instability following a coalition split and the leak of an audio clip, the analyst notes. \"This has heightened the risk of legal proceedings, policy delays and the potential dissolution of the House.\" The political uncertainty could also obstruct budget approval and stall major infrastructure projects, the analyst adds. UOB KH downgrades its rating on Thailand's construction sector to market weight from overweight. (amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 24, 2025 23:11 ET (03:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}