May 16, 2023

OPPORTUNITY IN THAILAND STOCKS AHEAD

By Nigam Arora & Dr. Natasha Arora

Signal(s) to enter, add, reduce, exit, hold or change.

Election

From the Morning Capsule:

In the Thailand election, pro-democracy parties have won big.  The top two pro-democracy parties together are projected to win 292 seats out of 500 seats in the lower house.  This is a challenge to the military junta that rules Thailand.

However in Thailand, it is not as simple as the election winner forming a government.  The constitution requires approval of the upper house.  The upper house is dominated by supporters of the military.

Significant uncertainty is ahead on the political front. 

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