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Investor speculation over price float means windfall for miller.
Byline: Nuntawun Polkuamdee
Jan. 7--Khon Kaen Sugar Industry Plc (KSL) was among the top gainers yesterday on the Stock Exchange of Thailand as investors speculated that the company would benefit greatly if the Commerce Ministry decided to allow the price of sugar to float.
KSL shares rose 17.37 percent to close at 9.80 baht, in trade worth 300.82 million baht. In general, KSL shares are quite illiquid.
Adisak Kammool, a market strategist at KGI Securities, said KSL was the only sugar mill listed on the stock market. Amid rumours of rising sugar prices, the company has become more attractive among investors, particularly retail players, as they ...
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Source: HighBeam Research, Investor speculation over price float means windfall for miller.