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    TCCC   TH0267010Z05

THAI CENTRAL CHEMICAL PUBLIC COMPANY LIMITED

(TCCC)
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Thai central bank relaxes forex rules for non-resident companies

01/05/2021 | 02:04am EDT
FILE PHOTO: The Bank of Thailand logo is seen in Bangkok

BANGKOK (Reuters) - Thailand's central bank said on Tuesday it will allow greater flexibility for non-resident companies to conduct foreign exchange transactions against the baht with domestic financial institutions under the non-resident qualified company scheme.

Non-financial companies having trade and direct investment in Thailand participating in the scheme will be allowed to manage currency risks related to the baht more freely and manage baht liquidity more flexibly, it said in a statement https://www.bot.or.th/Thai/PressandSpeeches/Press/News2564/n0164e.pdf.

The Bank of Thailand (BOT) said it would hold a media briefing on the matter and the foreign exchange ecosystem at 1500 (0800 GMT).

The BOT has repeatedly expressed concerns about the strength of the baht and said it would consider measures to tackle the appreciation of the currency which has gained nearly 11% against the U.S. dollar since April last year.

However, market intervention may be difficult as Thailand is now on a U.S. currency watch list, analysts say.

(Reporting by Orathai Sriring; Editing by Ed Davies)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EURO (B) VS THAI BAHT SPOT (EUR/THB) 0.17% 38.99 Delayed Quote.6.30%
THAI CENTRAL CHEMICAL PUBLIC COMPANY LIMITED 0.00% 34.25 End-of-day quote.25.69%
US DOLLAR / THAI BAHT (USD/THB) 0.15% 33.34 Delayed Quote.10.32%
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Financials
Sales 2020 9 434 M 283 M 283 M
Net income 2020 1 472 M 44,2 M 44,2 M
Net cash 2020 7 172 M 215 M 215 M
P/E ratio 2020 10,8x
Yield 2020 6,61%
Capitalization 20 026 M 601 M 602 M
EV / Sales 2019 0,67x
EV / Sales 2020 0,93x
Nbr of Employees -
Free-Float 4,58%
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Thai Central Chemical Public Company Limited Technical Analysis Chart | TCCC | TH0267010Z05 | MarketScreener
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Managers and Directors
Takahiro Yamashita President, Chief Executive Officer & Director
Takayuki Tohei Chief Financial Officer, Director & EVP
Koji Izutani Chairman
Watchara Pingsuthiwong Senior VP-Marketing, Research & Development
Kritch Katchapanan General Manager-Information Technology