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)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。