(Bloomberg) — Thailand’s biggest manager of distressed assets has become the world’s top performer among peers this year partly because the novel coronavirus outbreak is wreaking havoc on the nation’s economy.Shares of Bangkok Commercial Asset Management Pcl — known as BAM — have surged 74% this year, and the firm has delivered the highest total return in the period among asset management companies with a market value of at least $1 billion, according to data compiled by Bloomberg. The stock has almost doubled since its listing in December, when the Bank of Thailand more than halved its stake.Investors are betting …read more
Source:: Yahoo Finance
