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Analysts remain wary of THAI stock - Krungthep Turakij 30/4/02.

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| May 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Most stock analysts agree that Thai Airways International (THAI) stock is fairly risky, partly because of internal management problems, a report in Krungthep Turakij said.

An analyst from Phillip Securities (Thailand) said that uncertainty about the appointment of executives at THAI might reduce the company's profitability. THAI pilots are reportedly planning to strike to protest the appointment of a new manager they dislike. Phillip predicts THAI will report net losses for the second quarter (ending in March). In the first quarter (ending December 2001) THAI reported 1.05 billion baht in net profits, but this was mainly due to currency exchange profits. The airline experienced operational ...

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