As forecast by many brokerages, the SET Index broke its resistance level to hit a high of 1,113.63 points last week. Continued foreign fund inflows, a positive outlook ahead of the midyear election, and robust Asian markets all drove trade.
Thai Union Frozen Products PCL. (TUF), Thailand's leading producer and exporter of canned and frozen seafood products, says that the promising outlook on its tuna and shrimp business has remained unharmed from the persisting problems over tuna and shrimp raw materials
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.
The Stock Exchange of Thailand (SET) continued its climb yesterday by jumping another 1.34% to close at 1,078.66 points yesterday, in heavy trade worth 42 billion baht.
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.
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