Key facts
- Philippine and Thai companies are facing the most significant earnings downgrades in Southeast Asia.
- Their economies are heavily dependent on oil and gas.
- The disruption is linked to the closure of the Strait of Hormuz.
Companies in the Philippines and Thailand are bearing the brunt of earnings downgrades across Southeast Asia. This economic impact stems from their economies' heavy dependence on oil and gas, which are being disrupted by the closure of the Strait of Hormuz.