Thai Baht Set to stay Strong For Coming Months

Quarterly results for Thai companies very positive

SET-listed companies posted net profits of 285 billion baht in the first quarter, up 21.4% year-on-year and 42% from the previous quarter, in the wake of improving oil and petrochemical prices.

Companies in the consumer products sector continued to do well, according to a Stock Exchange of Thailand statement on Friday. Some 92.4% or 572 of all 619 listed companies, including real estate funds.

In the first quarter, MAI companies posted net profit of 1.2 billion baht, up 4.1% year-on-year, on sales of 34.6 billion baht, up 12.4% from the same period last year. Their gross profit margin fell slightly.

Not good news for Ex-pat pensioners in Thailand

Credit: Bangkok Post Business/Finance.