"The promising recovery was driven by the growth in tourism and the demand for industrial and agricultural goods," says KGI in its July 5 note.
KGI Securities has reiterated its "buy" call on Thai Beverage (SGX:Y92
) , with a target price of 65 cents, on recovering consumer confidence.
Citing the latest consumer confidence survey in Thailand, the index recovered in May to 50.2 points - the highest level since the outbreak.
