AGRIBUSINESS
CP on target for 20% gain in revenue
Forex risk hedged but exports take a hit
The agribusiness giant Charoen Pokphand Group (CP) remains optimistic about its sales growth notwithstanding growing concerns about the strength of the baht.
"The baht's strength is likely to have a slight impact on the group's revenue growth as our businesses have exports and imports almost in equal amounts," said vice-chairman Ajva Taulananda.
"More importantly, we have bought forward contracts to hedge against foreign-exchange risk."
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About the author
- Writer: Phusadee Arunmas
- Position: Business Reporter
