(Bloomberg) -- Thai stocks dropped from a five-month
high. Advanced Info Service Pcl and True Corp. fell on concern
they will pay higher fees to the government after lawmakers ruled
their extended mobile-phone concessions broke rules.
``The impact from the news will be short,'' said Aekpittaya
Iemkongaek, an investment strategist at BFIT Securities Co. in
Bangkok. Declines will be limited because regulators have ``not
finished yet'' with setting a final ruling on changes in
concessions, he said.
Read more at Bloomberg Stocks News
high. Advanced Info Service Pcl and True Corp. fell on concern
they will pay higher fees to the government after lawmakers ruled
their extended mobile-phone concessions broke rules.
``The impact from the news will be short,'' said Aekpittaya
Iemkongaek, an investment strategist at BFIT Securities Co. in
Bangkok. Declines will be limited because regulators have ``not
finished yet'' with setting a final ruling on changes in
concessions, he said.
Read more at Bloomberg Stocks News
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