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Trump's tax cuts may benefit Thai seafood sector

Analysts increase profit forecast for Thai Union, CP Foods.

Thailand's agricultural and food sectors may benefit from President Donald Trump's tax cuts announced Wednesday, said brokerage house Asia Plus Securities, according to The Nation Multimedia.

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The cuts are for companies and individuals.

Asia Plus Securities said consumers would have more spending power and Thai companies with businesses or brands in the United States would gain from this.

The analysts bumped up their 2017 forecast for net profit for Thai Union Group by 3 percent and by 0.4 percent for Chareon Pokphand Foods, according to the news site.

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