S. Khonkaen Foods Public Company Limited (SORKON) Is Yet to See Trading Action on Dec 15

Shares of S. Khonkaen Foods Public Company Limited (BKK:SORKON) closed at 69.75 yesterday. S. Khonkaen Foods Public Company Limited currently has a total float of 32.34 million shares and on average sees 573 shares exchange hands each day. The stock now has a 52-week low of 64 and high of 84.75.

Thailand’s Recovery From 1997 Asian Financial Crisis

Thailand has long been gradually growing as one of the best economies Asia has. It supports a lot of companies like S. Khonkaen Foods Public Company Limited with many new clients. With its own efforts geared towards a fast-paced economy growth, Asia is able to thrive.

Thailand’s Role in the 1997 Asian Financial Crisis

Amid the setbacks it had put Asia through, the 1997 Asian Financial Crisis nonetheless served as a trampoline that facilitated an enormous jump in the Asian economy from the ground up.

The turmoil had started in Thailand after the national currency fell. As a result, the country had suffered from bankruptcy due to the lack of foreign currency support. What was originally a national economy dilemma rippled to other parts of Asia, greatly shaking the economies of Indonesia and South Korea as well. Hong Kong, Laos, Malaysia, and Philippines had also been affected. Lessons from this crisis were lifechanging for a lot of businesses at the market, including S. Khonkaen Foods Public Company Limited.

The Recovery

Eventually, Thailand and all of Asia had been able to recover from the repercussions that the 1997 Asian Financial Crisis brought. Specifically, equity and foreign exchange markets in Asia had been able to stabilize, slowly leading the region to a much-needed healing.

The Stock Exchange of Thailand (SET), just like how Thailand had played an important role in the dilemma, had also played a major role in the recoup process. Until now, it is helping not only the country but the entire Asian economy to grow further, efficiently offsetting the losses accumulated in the past.

The SET is the primary stock exchange in Thailand. Founded on April 18, 1975, it is one of the youngest stock exchanges in Asia. Despite this, the SET has already proven itself to be as valuable as any major stock exchanges in the world.

The pre-market morning session on the SET starts at 9:30 a.m., and ends anytime between 9:55 a.m. and 10:00 a.m. The regular morning session starts anytime between 9:55 a.m. and 10:00 a.m., and ends at 12:30 p.m. Meanwhile, the pre-market afternoon session starts at 2:00 p.m., and ends anytime between 2:25 p.m. and 2:30 p.m. The regular afternoon session starts anytime between 2:25 p.m. and 2:30 p.m., and ends at 4:30 p.m. Lastly, the post-market session starts at 4:30 p.m., and ends anytime between 5:00 p.m. and 5:10 p.m.

The SET Index is the benchmark index weighing all the stocks listed on the SET. It is too broad of an economic indicator, which is why it is divided into two sub-indices: the SET50 and the SET100. This structure make the work of S. Khonkaen Foods Public Company Limited easy. The former tracks the 50 biggest stocks on the SET while the latter tracks the 100 biggest stocks. A stock needs to be included in the SET100 before it is included in the SET50.

The SET50 was first published in August 1995. It measures stocks using a base value of 1,000. Its rebalancing happens semi-annually every December and June.

Thailand is home to endless growth potentials, making it ideal for investors to penetrate the Thai equity market today.

More notable recent S. Khonkaen Foods Public Company Limited (BKK:SORKON) news were published by: Qz.com which released: “A list of the best design conferences and events of 2018, selected by Kelli Anderson, Khoi Vinh, Gere Kavanaugh, Michael Sorkin, Harry West and other leading design experts – Quartz” on January 24, 2018, also Latimes.com with their article: “Thai Elvis is not dead. But he may not be the one you’re thinking of – Los Angeles Times” published on May 25, 2018, Washingtonpost.com published: “The complex history of Asian Americans in movies, from the silent era to ‘Crazy Rich Asians’ – The Washington Post” on August 09, 2018. More interesting news about S. Khonkaen Foods Public Company Limited (BKK:SORKON) were released by: Latimes.com and their article: “Thai billionaire owner of EPL team Leicester City was among five who died in helicopter crash – Los Angeles Times” published on October 28, 2018 as well as Cnbc.com‘s news article titled: “CNBC Transcript: Turochas Fuad, Managing Director for Southeast Asia, WeWork – CNBC” with publication date: August 03, 2018.

S. Khonkaen Foods Public Company Limited, together with its subsidiaries, makes and distributes processed food products in Thailand and internationally. The company has market cap of $2.26 billion. It offers Thai food products, including pork satay, frozen pork and beef balls, sausages, shredded pork sticks, shredded and roasted pork, dried beef, and pork balls; and seafood products, including fish, assorted seafood, cuttlefish, and shrimp balls, as well as fish cakes, crab rolls, fried fish bars, and chili flakes. It has a 11.5 P/E ratio. The firm also provides meat snacks comprising barbecued crispy pork, chicken, and fish; roasted pork; fish crisp salmon; and crispy fish, as well as frozen food products that include port dumpling soup, green curry pork, roasted duck curry, chicken tom yam, tom yam goong, heahmk fish, siam ruby, and pork satay.

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