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First 7-Eleven store to open mid-June, ambassador says
Tue, 1 June 2021
Thai retail conglomerate CP All Pcl will open Cambodia’s first 7-Eleven convenience store in mid-June, Cambodian ambassador to Thailand Ouk Sorphorn told The Post on June 1.
The Bangkok-listed 7-Eleven franchise operator, the retail arm of Charoen Pokphand Group Co Ltd, granted CP All (Cambodia) Co Ltd franchising rights for 30 years in the establishment and operation of 7-Eleven branches, according to Thai local media reports.
And CP All Cambodia plans to open at least six stores this year, the ambassador said, citing CP All officials in Thailand.
Sorphorn said the inaugural branch will be at a PTT petrol station in northern Phnom Penh’s Prek Pnov district, with another scheduled for August in the Borey Peng Huoth gated community off National Road 6A, in Chroy Changvar district’s Prek Leap commune in the capital’s northeast.
Thai investor Mongkol Prakitchaiwattana sold off 110 million shares of Krungthai Card Plc (KTC) on Thursday worth 8.22 billion baht, at an average price of 74.75 baht per share, to finance a joint venture in XSpring Capital Plc in collaboration with Sansiri Group, says a securities industry source who requested anonymity.
Mostly-state owned energy firm Bangchak Corporation Plc (BCP) is preparing to launch a new business diversification scheme in the second half this year to help shore up the reeling economy.
Thai Listed Firms Report 120 Percent Surge In Operating Profits Y-O-Y In Q1 Date
Core operating profits soared 119.92 pct y-o-y to THB 394.45 billion
Aggregate sales up 2.95 pct y-o-y to THB 2.94 trillion
Listed companies on The Stock Exchange of Thailand (SET) posted their improved performances in the first quarter of this year compared with a year ago resulting from oil price rebound as the Organization of the Petroleum Exporting Countries (OPEC) cut production as well as listed companies’ better adaptation and resilience to COVID-19 crisis with the increase in
operating profit margin for four consecutive quarters.
SET Senior Executive Vice President Manpong Senanarong said that 727 listed firms, accounting for 96.2 percent of the total