In the midst of the viral outbreak, some companies have turned the crisis to their advantage by adjusting business strategy to sustain net profit growth, paving a path for potential investment opportunities, says Asia Plus Securities (ASP). "Businesses that will benefit directly from the viral outbreak are involved with digital technology," Mr Paradorn said. The first phase is the ongoing period, in which the outbreak is uncontrolled in many countries, causing higher demand for rubber gloves for medical personnel and public use. "We forecast Sri Trang Agro-Industry to generate a net profit of 3.6 billion baht this year", swinging from a net loss of 148.5 million baht in 2019, he said. "The net profit will come from subsidiary Sri Trang Gloves Thailand, making up around 80%."

Source: Bangkok Post August 12, 2020 22:07 UTC