Thai Junta's Transport Plans Brings 500% Gain to Tipco: ChartBloomberg News
Thailand’s government is betting infrastructure spending will jump-start an economy that’s lagged behind Malaysia, Vietnam and the Philippines for several years. Although budget outlays have been slow to come as the military, which seized power in May 2014, gets used to bureaucracy, equity investors have been quicker to move. That’s helped make Tipco Asphalt Pcl the biggest gainer in the SET 50 Index since the coup, with an almost 500 percent surge, and Airports of Thailand Pcl, the top performer among FTSE/ASEAN 40 Index stocks in the same period.
— With assistance by Lee J Miller
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