Thai Airways Could Return to Being State Run -- Market Talk

Dow Jones
Oct 16

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10