Listed firms perform better than expected in Q3Thai listed companies performed better than expected in the third quarter with net profits of 209 billion baht, up 19% quarter-on-quarter, of which 167 billion baht stemmed from the real sector and 42 billion baht from the banking sector. Net profits of listed companies are expected to rise to 210 billion baht in the fourth quarter. Listed firm's total profits still need some time to recover. The sSET Index stood at its highest in three years, even though small firms' profits have yet to see a remarkable recovery. "If we were to conclude that the SET Index rose because of the churning of small-medium stocks, it would not be wrong.

Source: Bangkok Post November 17, 2021 01:17 UTC