Thailand earnings likely to be downgraded

The clever fellow that is Vincent Fernando over @ Religare put out his latest paper tracking ASEAN earnings, he states that “Thai 2014 earnings have been cut 6.1% over the last 6 months, but further cuts are likely. It appears as if 2014 numbers have yet to be cut in response to the worsening political situation in the country most recently… Hence we believe that, across ASEAN, Thai 2014 earnings are most at risk of downgrade”

All facts that are undeniable.

thailanddowngradeSource: Religare, 20/01/14

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