CP All Plc, the operator of 7-Eleven convenience stores, remains committed to adding around 700 new stores this year with projected capital expenditure of 11.5-12 billion baht, despite the ongoing negative impacts of pandemic restrictions.
Hemp goes from zero to economic hero
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A slew of Thai companies have identified opportunities and are planning to ride the wave
published : 1 Mar 2021 at 07:00
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Hemp, a weed that was long regarded as a forbidden plant and included on the country s narcotics list, is taking Thailand by storm.
Ten categories of goods or products ranging from mouth spray, food supplements, skincare products and energy drinks to painkillers and spa products are cashing in on hemp s hype after the government legalised commercial growing in the country last year to promote hemp and cannabis as new cash crops.
From Jan 29, the Food and Drug Administration (FDA) has allowed individuals, legal entities, government offices, community enterprises and companies to register to use the legal parts of cannabis and hemp for medical purposes, as well as in the textile, pharmaceutical and cosmetics industries.
A sign at PTT s headquarters on Vibhavadi Rangsit Road. OR shares will be listed on the Stock Exchange of Thailand on Feb 10. WICHAN CHAROENKIATPAKUL
PTT Oil and Retail Business Plc (OR) has priced its initial public offering (IPO) at 16-18 baht, which will be offered to retail investors from Jan 24 to Feb 2 and institutional investors from Feb 3-5, according to the company s filing with the Securities and Exchange Commission (SEC).
For PTT shareholders, subscriptions are available during Jan 25-28.
At the offer price of 16-18 baht per share, the price-to-earnings ratio (P/E) stands at 23.9-26.9 times, relatively lower than other international and domestic companies with similar businesses that have an average P/E of 31.7 times.