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

[rooster59]

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

By The Nation

 

 

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.

 

This is a good signal for Thai listed companies in the manufacturing sector that do business with China if the buying power and supply chain in China return to normal, experts said.

 

Thai exports to China were worth US$29 billion, accounting for 12 per cent of Thai exports worldwide.

 

The products with the highest export value are plastic beads and chemicals, rubber and rubber products, and electronic products, which made up 40 per cent of the export value to China.

 

Thailand's imports from China were worth US$50 billion, accounting for 21 per cent of total imports.

 

The products with the highest import value were machinery, home appliances and chemicals, which accounted for 40 per cent of the import value from China.

 

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.

 

At the end of 2019, 45 companies in production sector listed on the Stock Exchange of Thailand were doing business with China. 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.

 

However, listed companies may or may not report foreign investments or foreign income if the companies consider it not significant to the overall performance, while the market still has high volatility.

 

Therefore investors should study the information of listed companies carefully before making investment, experts advised.

 

Source: https://www.nationthailand.com/business/30385788

 

-- © Copyright The Nation Thailand 2020-04-11

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[PatOngo]

12 minutes ago, rooster59 said:

Thai exports to China were worth US$29 billion, accounting for 12 per cent of Thai exports worldwide.

 

 

12 minutes ago, rooster59 said:

Thailand's imports from China were worth US$50 billion, accounting for 21 per cent of total imports   

We have a clear cut winner ….and the winner is...…………..! ????????

[Hank Gunn]

29 minutes ago, PatOngo said:

 

We have a clear cut winner ….and the winner is...…………..! ????????

+1 I was going to post the same thing.

 

Sadly I see Thailand gradually becoming more and more like Cambodia (I.e. authoritarian rule with only a token opposition, under the sway/influence of China and the CCP, etc).

[Matzzon]

That´s positive for the Thai companies and Thais working there, as well as for Chinas industry and the people of China. Good job!

[Enoon]

39 minutes ago, Matzzon said:

That´s positive for the Thai companies and Thais working there, as well as for Chinas industry and the people of China. Good job!

 

 

 

[Isaan sailor]

Sounds like a win/win for China.  

When this Wuhan Coronavirus finally abates, the major world economies will take a hard reassessment of their Chinese supply chains.  Thailand could duplicate Vietnam’s success with increasing exports and supply chains to the west.

Hitch your economic wagon to China and the wheels will come off.

[mfd101]

Yes, certainly all 'Western' countries will be looking to diversify their supply chains and to rebuild domestic capabilities.

 

The obvious outcome of the virus - longterm, semi-permanent (as much as anything is in this world) - is a kind of parochialism at every level of society: Individuals learn & reinforce the possibility, the capability & the pleasure of working from home; incompetent national governments see their functions taken over at domestic state/province & city levels; and international organisations (UN anyone? Security Council anyone? WHO? Europe anyone?) are shown incapable in an emergency and the nation-state comes out greatly reinforced.

 

What used to be The Future is in full retreat, and likely won't recover in our lifetimes.

[Redline]

13 hours ago, PatOngo said:

 

We have a clear cut winner ….and the winner is...…………..! ????????

Expect the export to rise a bit, and imports rise significantly.  That’s the deal, whether they like it or not 

[Venom]

Thailand still dominates them at starting fires and creating air pollution and now hold the title of most polluted city on the planet. Also they are the gold standard for noise pollution and road deaths. 

[Venom]

P

[donnacha]

The Chinese economy will roll, like a tank in Tiananmen Square, right over the bodies of all the Chinese who will die from Covid-19 and get secretly cremated, now that it has magically disappeared.

 

[Deli]

Trump & Putin, no alternatives left. I go for the 1st.