The Performance of Listed Companies in the Stock Exchange of Thailand Various Industry Groups during the Period of the COVID 2019 Pandemic
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Abstract
This research aims to compare of changes in the performance of listed companies on the Stock Exchange of Thailand between industry groups during the pandemic of COVID-19, from 2019-2021 by using a purposive sample group consisting of (1) Real estate and Construction, (2) Services, (3) Industrial, Technology and Resources groups, and (4) Agriculture Industry and Consumer product, totaling 320 companies. Statistics used to describe differences of changes in the business performance measured by financial ratios were minimum, maximum, mean and standard deviation and used one-way ANOVA to test differences of change in the business performance between industry sectors with 95% confident interval. The research found that the majority of listed companies in each industry sector showed profitability shifts down in 2020 and up in 2021, but the size of the change varied from industry to industry. For the capital market perspective, in 2021 compared to 2020, there was an increase in the price to book value ratio and the market capitalization in all industry groups, but the scale of the increase in the Real estate and Construction sectors was less than Services sector, and in the other industries, the scale of changes was not different.
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