Thailand's top stocks reap gains on digital wallet rollout

Food retailers, convenience stores and lenders among main beneficiaries

20240801 CP All headquarters

The Bangkok headquarters of CP All, one of the companies whose shares have benefited from announcements related to the government's digital wallet initiative. © Reuters

FRANCESCA REGALADO, Nikkei staff writer

BANGKOK -- As tens of millions of Thais on Thursday begin to register for a long-awaited digital wallet handout, the biggest winners from the 500 billion baht ($14 billion) initiative on the Bangkok bourse are shaping up to be a who's who of Thailand's largest conglomerates and richest families.

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