Showing 1 - 7 of 7
Siam Premium Outlets Expands to Phuket by 2026
Published on 03/09/2024
» Siam Piwat Simon, a joint venture between global retail leaders Simon®, a real estate investment trust specialising in premier shopping, dining, entertainment, and mixed-use destinations, and Siam Piwat, owner and operator of leading retail developments in Thailand, is pleased to announce the expansion of "Siam Premium Outlets" with a second centre in Phuket, one of the world's top tourist destinations. This project aims to create a vibrant hub for shopping and tourism, catering to both local and international visitors, while contributing to the growth of the Thai economy and tourism sector. The new centre is expected to open in 2026.
MINT Announces 74% Net Profit Growth In 1H24
Published on 06/08/2024
» Minor International Public Company Limited (MINT) announced net profit of THB 3,969 million for the first half of 2024, a 74% increase from the same period in 2023. This robust profit growth builds on last year’s high net profit base and reflects the strength of MINT’s business model as well as the continued resilience of the global travel industry. MINT’s core profit for 1H24 (profit after excluding extraordinary items) saw a solid 22% y-y growth for 1H24.
QHHRREIT Completes Conversion, Acquires New Prime Assets
Published on 29/05/2024
» QHHRREIT has successfully completed its conversion from a property fund to a real estate investment trust (REIT) and has acquired new assets, including the Centre Point Hotel and Residence Silom. This strategic move aims to enhance the trust’s sustainable revenue potential by capitalising on the recovering tourism sector and the new visa-free policy, positioning it as a high-potential hotel REIT in prime locations.
DTP Invests in Thailand and Abroad for DTGO
Published on 23/05/2024
» 23 May 2024, Bangkok – DTGO Prosperous Limited (DTP), an investment and financial management company within DTGO, is continuing its international capital investment, expanding its investment base around the world with a focus on high-quality real estate that is already in operation and ready to generate steady income.
MINT Q1 Profits Surge to THB 1,146M
Published on 15/05/2024
» Minor International Public Company Limited (“MINT”) on May 14, 2024, announced its first quarter 2024 financial results, posting a net profit of THB 1,146 million in 1Q24 notwithstanding 1Q being the low season for its most significant contributor, its European hotel business. This profit represented a significant improvement from a THB 976 million loss in 1Q23 and was attributable to stronger performance across all business units as well as favourable foreign exchange movements. At the core level, MINT recorded a core net loss of THB 352 million in 1Q24 (due to aforementioned seasonality of the European hotel business), representing a 46% improvement (less loss) from a core net loss of THB 647 million in 1Q23. MINT’s hotel and restaurant businesses both reported robust financial performance in 1Q24 from continued rising demand, which enabled the Company to implement strategic dynamic pricing, drive increased dine-in traffic and lock in further cost optimisation. Minor Hotels Thailand, Minor Hotels Australia and Minor Food all saw double-digit year-on-year growth. Meanwhile, Minor Hotels Europe and the Americas outperformed expectations by narrowing their y-y quarterly losses.
Platinum Invites You to Show “Fresh Idea” with “Fresh Fashion”
Published on 13/05/2024
» Mrs. Suthita Bhirombhakdi, Executive Vice President of The Platinum Group Public Company Limited, stated that, as ASEAN’s leading fashion shopping centre for wholesale and retail, Platinum Fashion Mall offers fashion products that are always fresh and up to date, winning the hearts of both Thai and foreign customers for a long time. At the end of 2023, the “Platinum PROUD” campaign was launched to celebrate the 18th anniversary, emphasising the brand refresh under the concept of “Platinum Bringing Fresh Fashion to You” through viral videos on social media channels. The campaign has received positive feedback, with many influencers, KOLs, and shoppers showing interest in using the service, creating looks, and sharing their fun shopping experiences.
FPT Reports Strong H1 Performance with THB 6.5 Billion Revenue
Published on 09/05/2024
» Frasers Property (Thailand) Public Company Limited, or “FPT,” Thailand's first integrated real estate leader, disclosed its first half of FY2024 performance (October 2023 – March 2024), reporting total revenue of THB 6,591 million and net profit of THB 487 million. For 2QFY2024 performance (January – March 2024), the company generated total revenue of THB 3,524 million and net profit of THB 165 million. Despite macroeconomic challenges, the residential business continues to progress as planned, with four new projects set to launch in the second half of the year, alongside an adjustment in strategic plans. The industrial and commercial portfolio showed continuous revenue growth with occupancy rates reaching 86% and 92%, respectively.