Showing 71 - 80 of 424
Baht to strengthen against US dollar
Business, Nareerat Wiriyapong, Published on 04/01/2024
» The baht could strengthen to 33 to the US dollar in the near term as the market is convinced the US Federal Reserve will start cutting interest rates by as early as March, bringing back fund inflows to the Thai currency.
Lower interest rates expected to help insurers
Business, Nareerat Wiriyapong, Published on 03/01/2024
» Lower interest rates should benefit the Thai insurance industry this year, but challenges remain in terms of geopolitical instability, election-related uncertainties in several countries, and an expected decline in the margin of retirement savings, according to Allianz Ayudhya Assurance.
Chinese rebound helps hoteliers
Business, Nareerat Wiriyapong, Published on 27/12/2023
» Chinese tourist arrivals are recovering at a faster pace this month and the momentum is expected to persist through to Chinese New Year on Feb 10, helping local hotels during the high season, say analysts.
Sabuy cuts full-year revenue target on global headwinds
Business, Nareerat Wiriyapong, Published on 26/12/2023
» Sabuy Technology, the SET-listed technology aggregator and commerce platform, has downgraded its revenue target this year by nearly half from a forecast of 20 billion baht and trimmed investments, citing global economic headwinds and geopolitical conflicts that have lowered purchasing power in Thailand.
Delta forecasts double-digit revenue uptick next year
Business, Nareerat Wiriyapong, Published on 22/12/2023
» Delta Electronics (Thailand), the country's largest electronics company by market capitalisation, targets double-digit revenue growth next year thanks to its manufacturing expansion and product diversification.
Sabuy to ask DSI for probe
Business, Nareerat Wiriyapong, Published on 19/12/2023
» Sabuy Technology Plc is scheduled to meet with the Department of Special Investigation (DSI) on Wednesday to ask the agency to investigate possible naked short selling of the company earlier this year after the Stock Exchange of Thailand (SET) insisted there was no such selling.
SET listing powers ANI's regional growth
Business, Nareerat Wiriyapong, Published on 16/12/2023
» With fresh funding mobilised from the Stock Exchange of Thailand, Asia Network International Plc (ANI) aims to expand its network of cargo general sales agents (GSAs) across Asia and beyond, partly through mergers and acquisitions.
Analysts see limited upside for SET
Business, Nareerat Wiriyapong, Published on 15/12/2023
» Analysts welcomed clear signs from the US Federal Reserve regarding an economic soft landing and three interest rate cuts in 2024, which caused the Stock Exchange of Thailand (SET) to rebound amid bullish global market sentiment.
Pundits say SET index could slip below 1,300
Business, Nareerat Wiriyapong, Published on 14/12/2023
» The Stock Exchange of Thailand (SET) index, which plunged to a three-year low on Wednesday, could slip further to below 1,300 points in the near term as foreign funds continue to exit, say analysts.
Fed rate cut poised to drive rebound of Thai bourse
Business, Nareerat Wiriyapong, Published on 13/12/2023
» The Federal Reserve is expected to start cutting interest rates in March 2024, prompting investors to accept more risk and invest in equities, driving a rebound of the Stock Exchange of Thailand (SET) next year, the Thai bourse said yesterday.