Connect with us

Thailand

Legalisation of hemp cultivation is expected to boost stocks

Published

 on 

PHOTO: Hemp seed oil

Thailand’s recent legalisation of hemp cultivation is expected to boost stock prices in related sectors. Market analysts at KTBST Securities Research say plantation and refinery businesses are likely to be the first to to receive licenses to grow hemp or produce extracts, and those businesses should expect an uptick in stock prices.

Market analysts add that businesses that plan to use hemp oil and extracts in products, like cosmetics, beverages and food supplements, are also expected to benefit.

“We see legalisation as a good sign for companies entering this business. We expect the government will allow companies to put hemp in more types of products.”

According to the market analysts, equities that will likely benefit are…

  • Beverage stocks: Carabao Group, Osotspa, Sappe, Malee Group and Ichitan Group
  • Dietary supplement stocks: RS, JKN Global Media, and MEGA Lifesciences
  • Cosmetics stocks: Do Day Dream and Beauty Community

SOURCE: Bangkok Post 

 

Get more from The Thaiger

Follow Thaiger by email:

Thailand11 mins ago

Jealous husband allegedly kills wife

Hot News37 mins ago

Taiwan prepares for battle with China

Weather55 mins ago

17 of Thailand’s national parks close waterfalls and attractions due to floods

Sponsored1 day ago

Starting a business and obtaining SMART Visa in Thailand is easy with Startup Booster

Hot News59 mins ago

North Korea fires two ballistic missiles in direction of Japan

Thailand1 hour ago

Thailand voted No.3 in list of ‘Top Countries In The World 2022’

World1 hour ago

China punishes Taiwan farmers for Pelosi visit

Join the conversation on the Thaiger Talk forums today!
Hot News1 hour ago

US points fingers at Russia and China over North Korea’s latest actions

Things To Do1 hour ago

Immersed in coffee on Ratchadamri Road

Thailand2 hours ago

Thailand slowly recovering from high prices & Inflation | GMT

Central Thailand2 hours ago

100 elephants could be evacuated from camp in central Thailand due to floods

Hot News2 hours ago

Thailand’s new police chief makes drugs and road safety a top priority

Sporting Activities2 hours ago

Thai women’s volleyball team loses to Germany in FIVB championship

Crime17 hours ago

Fans stage simulation of Tangmo’s death in protest of law activist’s defamation case

Thailand17 hours ago

Thai road sweepers get safer new uniform for work

Thailand18 hours ago

Thailand News Today | Police patrol Pattaya Beach looking for guns, booze, prostitutes

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending