Thailand: Phatra Securities bullish on banking stocks.

(From Thai Press Reports)

Section: Business News - Most investors believe last week's bloodless coup will reduce political risks and induce positive growth, while banking-sector stocks are currently the most preferred, Phatra Securities Plc's latest survey has found, The Nation reports.

The securities firm said that almost 90 per cent of respondents believed political risks would decline following the coup, and one-third of those said they thought such risks would drop sharply. However, many investors also thought the outlook for public infrastructure spending had deteriorated, although Phatra said it did not subscribe to this view.

"We …