Middle East war results in uneven impact across sectorsThe ongoing Middle East conflict is emerging as a key risk to Thailand's equity market, but its impact on corporate earnings is uneven, creating both winners and losers across sectors, according to Bualuang Securities (BLS). He said this suggests while the war has not significantly harmed overall market earnings, certain sectors have been affected based on cost structures and revenue linkages. Sectors with strong earnings visibility and structural growth drivers remain attractive. Construction materials companies and downstream oil retailers are also struggling to pass on higher costs, he said. BLS also highlights opportunities in oversold names such as Bumrungrad Hospital (BH) and Minor International (MINT) where valuations have been pressured by war sentiment despite stable earnings outlooks.

Source: Bangkok Post March 27, 2026 00:06 UTC