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Fussy pets are boosting Thai stocks

Growing sales of premium pet food have contributed to 204% jump in company's shares this year

Bloomberg 

Finicky cats and dogs may be a handful for owners but they are good for business at Asian Seafoods Coldstorage, the best performing stock in Thailand this year.   Growing sales of premium pet food have contributed to a 204 per cent jump in the company’s shares this year through Monday, the most among almost 600 publicly traded equities on the Stock Exchange of Thailand’s main board. Revenue is on course to reach 14.5 billion baht ($427 million) in 2020 from 9.2 billion baht last year, Chief Financial Officer Hendrikus van Westendorp said in an ...

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