ID :
168049
Mon, 03/14/2011 - 12:22
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http://m.oananews.org//node/168049
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Thai food stock prices surge following disaster in Japan's agri-business hub
BANGKOK, March 14 (TNA) - Stock prices of listed Thai food firms soared on the Thai bourse Monday morning, in the wake of the powerful 9.0-magnitude earthquake and 10-metre high tsunami which devastated Japan's northeastern agri-business region on Friday.
Stock prices of Charoen Pokphand Foods or CPF, Thailand's leading agri-business firm, surged 2.06 per cent, or .50 baht, to 24.80 baht, those of GFPT by 3.64 per cent, or .30 baht, to 8.55 baht, and Thai Union Frozen Products or TUF’s by 2.15 per cent, or one baht, to 47.50 baht.
Globlex Group's securities department in Bangkok said US-based JP Morgan, a leading financial services firm, has assessed Japan is likely to increase its food imports following the natural disaster in Japan's agri-business hub.
Kim Eng Securities (Thailand) Public Company Limited, circulated a similar assessment, saying it is highly likely Japan will have to import more food products. This will in particular benefit Thailand's leading agri-business firms namely CPF and TUF. (TNA)
Stock prices of Charoen Pokphand Foods or CPF, Thailand's leading agri-business firm, surged 2.06 per cent, or .50 baht, to 24.80 baht, those of GFPT by 3.64 per cent, or .30 baht, to 8.55 baht, and Thai Union Frozen Products or TUF’s by 2.15 per cent, or one baht, to 47.50 baht.
Globlex Group's securities department in Bangkok said US-based JP Morgan, a leading financial services firm, has assessed Japan is likely to increase its food imports following the natural disaster in Japan's agri-business hub.
Kim Eng Securities (Thailand) Public Company Limited, circulated a similar assessment, saying it is highly likely Japan will have to import more food products. This will in particular benefit Thailand's leading agri-business firms namely CPF and TUF. (TNA)
