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Thai consumer spending has been recovering. Here’s a key beneficiary
Did you know that CP All $CP All TH SDR 1to1 (TCPD.SG)$ operates more than 14,000 7-Eleven stores in Thailand?
This makes it the operator of the largest convenience store chain (CVS) in Thailand with a domineering market share of 73%!
CP All has consistently added more than 700 new convenience stores per year historically, and targets to continue to do the same in 2023.
There is also scope for sales growth to improve with increased consumption spending as tourists return to Thailand.
You can now trade Singapore Depository Receipts of $CP All TH SDR 1to1 (TCPD.SG)$ on the Singapore Exchange!
Learn more about how CP All has benefitted from a recovery in Thai consumption here.
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