Thai Union’s canned tuna peaks at stock market

March 26, 2020

A surge in demand for canned tuna and other seafood has turned Bangkok-based Thai Union Pcl into one of Asia’s top-performing consumer stocks.The company that makes the Chicken of the Sea brand in the US and John West in Europe has rallied 17% in the past week, defying global stock markets thanks to Covid-19 induced hoarding of canned food. That gain made the seafood processor and wholesaler one of the best performing stocks in Asia excluding Japan with a market value of at least USD 1 billion, according to Bloomberg.