CRC sees bright future for retail tradeCentral Retail Corporation Plc (CRC) board members and executives celebrate the first trading day of the CRC IPO on Thursday. The share price moved in a range of 41.50-42.25 baht with turnover averaging 7.5 billion baht. First-day trading marked a record in the Thai capital market, at more than 253 billion baht. The company sees huge opportunity for expansion in Vietnam, where GDP growth is higher than Thailand's but the modern retail business is still 10 years behind, he added. Modern retail trade contributes only about 10% of Vietnam's total retail business, compared to 45% in Thailand.

Source: Bangkok Post February 20, 2020 23:03 UTC