0513 GMT - Siam Wellness Group faces an earnings hit from the recent earthquake that affected Thailand as well as tariffs imposed by the U.S., Thanachart Securities' Nuttapop Prasitsuksant says in a research report. The brokerage cuts its 2025-2027 earnings forecasts for the spa chain operator by 25%-39% to reflect the near-term impact of the earthquake and a longer-term hit from a possible global economic slowdown due to the tariffs. Hence, Thanachart Securities lowers its target price to THB6.00 from THB10.00. However, the brokerage maintains the stock's buy rating, as it still sees the Thai company expanding, partly due to strengthening domestic demand. Shares are 6.4% lower at THB3.78. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 01:13 ET (05:13 GMT)
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