Tag Archives: Thai Stock Market

The Stock Exchange of Thailand Index is expected by some analysts to close the year at 1,200 points thanks to the rosy outlook for listed companies' earnings - a factor that continues to attract foreign funds and which helped pull the SET out of negative territory yesterday.

Indorama Ventures board on 5 April 2011 has approved a Brownfield expansion of PET polymers production in Europe with a capacity increase of 220,000 tons per year.

Thailand's largest coal miner, Banpu, is confident of strong demand from Japan in the next few years as the country will either have to increase the capacities of existing power plants or build new ones to make up for the shutdown of the disaster hit Fukushima nuclear plant.

Banpu will continue to look for new acquisition targets after the takeover of a coal mine in Mongolia, but the value of any deals will be lower than those sealed to date.

Thai Union Frozen Products Plc, the country's largest seafood exporter, is warning that local shrimp prices may rise due to southern flooding.

SET-listed Sri Trang Agro-Industry (STA)expects to see its revenue jump by 30-40% to B100b this year from business expansion and an increase in production capacity in all types of rubber products. Kitichai Sincharoenkul, an executive director of STA, the world's largest block rubber distributor, said the company was seeing solid demand in the market driven by strong economic growth in Asia and emerging economies.