0454 GMT - The chance that Thai Airways International may return to the Thai finance ministry's control turns UOB Kay Hian bearish on the stock. The Thai finance ministry nominated 10 candidates to replace three board directors who are soon to end their terms. Shareholders will vote on the matter at Thai Airways' annual general meeting, but the issue could be an overhang on the airline's shares in the meantime, say UOB KH's analysts in a note. "We fear that [Thai Airways] would revert to the state when strategic decisions were not in line with the airline business practice and operational performance was inefficient," they say. UOB KH downgrades its rating to hold from buy and lowers its target price to THB11.00 from THB17.00. Shares rise 2.0% to THB10.20.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
October 16, 2025 00:54 ET (04:54 GMT)
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