PJW anticipating buoyant performance this year

Thai plastic moulding operator Panjawattana Plastics Plc (PJW) expects its performance this year to mimic results in 2023 thanks to revenue from its mainstream products and a new business.

- YUTHANA PRAIWAN

PJW managed to keep its financial status unchanged last year even as state budget disbursement was delayed. This year, the company plans to combat a sluggish domestic economy and a tourism slowdown, as Chinese visitors decline.

The stagnant economy is expected to continue throughout the year, but PJW believes it can maintain its financial health at a similar level to 2023, said Wiwat Hemmondharop, chairman of the board of executive directors.