News Formal

Thai listed companies to get a boost as Chinese economy starts to roll

  • 📰 staronline
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

BANGKOK (The Nation/ANN): At least 45 Thai listed companies in the manufacturing sector would benefit from economic activities resuming in China as the Covid-19 outbreak has been contained.

Economic activities in China resumed at the beginning of April and it is monitoring the situation to guard against a re-emergence of the pandemic.

Thai exports to China were worth US$29 billion, accounting for 12 per cent of Thai exports worldwide. Recovery in the supply chain in China would be a positive sentiment for listed companies in the production sector, while the service sector would benefit after the Covid-19 outbreak in countries worldwide is under control.

As of March 26 this year, these listed companies’ stocks had a market capitalisation totalling Bt2.4 trillion, accounting for 20 per cent of the SET.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MCO: Companies Commission raises debt threshold of companiesPETALING JAYA: The Companies Commission of Malaysia (SSM) has announced new measures to ease the burden of businesses, including raising the threshold of indebtedness of companies.
Source: staronline - 🏆 4. / 75 Read more »