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…┬áHence 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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