Thailand’s CP All shares surge to record after executive’s bullish comments to Reuters

Shares in Thailand’s largest convenience store operator CP All Pcl jumped nearly 7 percent to a record high on May 24 after its head of finance and investor relations told Reuters it expected a rise in spending linked to Julys general election to push up sales in the second quarter. In 2011 as a whole, CP All, the worlds third-largest store network behind Japan`s Seven & I Holdings and 7-Eleven Inc in the United States, is aiming for revenue growth of as much as 20 percent, and net profit could grow even more, the executive said.