ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Thai election

Thai election results hammer power and construction companies

Move Forward party pledge to cut energy bills, raise wages hits industry outlook

Shares in Thailand's largest independent power generating company Gulf Energy were down 7.6% on Tuesday compared with the price prior to the election on May 14.   © Reuters

BANGKOK -- Shares of Thai power generation and construction companies have come under pressure as the market carefully factors in the outcome of the country's general election on May 14.

Although the kingdom's election commission has not officially endorsed the result, parties have started coalition talks to form the next government. Move Forward -- which won the most seats in the lower house parliamentary election -- and its seven coalition partners are the closest to securing enough seats to be able to elect Thailand's next prime minister.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more