China Galaxy: Thailand's domestically focused industries will be affected by the rise in fuel prices.

Kasem Prunratanamala of China Galaxy International stated that the fuel price increase that took effect in Thailand on Thursday may have a significant impact on industries in the country that are focused on the domestic market. The analyst pointed out that the Thai Oil Fuel Fund Committee approved a 6 baht per liter increase for all types of fuel nationwide. This fuel price increase is unfavorable for oil-sensitive and domestic-demand industries, such as transportation, commerce, construction, and non-essential consumer goods industries. On the other hand, the energy sector is expected to perform well, as the increase in oil prices directly boosts the profitability of this industry. The brokerage firm's recommended stocks include PTT, PTT Exploration and Production, True Corp., Bangkok Dusit Medical Services, among others.