# Strengthening baht will benefit energy firms, airlines, say stock analysts

> Analysts at Kasikorn Securities say the baht has recovered about 5% over the past two months to near 31.3 per dollar after weakening about 10% in the first quarter. They expect energy, electricity and airline companies to benefit from a stronger baht, while electronics and food exporters will lose. Economic recovery and reopening economies are supporting Thai exports.

- Date: 2020-06-09 · published 2020-06-09T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/52898-strengthening-baht-will-benefit-energy-firms-airlines-say-stock-analysts
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Thai food exporters earn in dollars, so a stronger baht reduces their margins and could slow their demand for imported feed ingredients. Lower fuel costs for airlines are a minor background factor for commodity prices.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30389346

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.