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BUSINESS

CNT slashes 2022 revenue expectations

Business, Kanana Katharangsiporn, Published on 25/05/2022

» SET-listed contractor Christiani & Nielsen Thai (CNT) downgraded its 2022 revenue target by 5% to 6.2 billion baht, after it won a disappointing number of new contracts in the first five months of this year.

PROPERTY

Ally REIT anticipates up to 35% revenue growth

Business, Kanana Katharangsiporn, Published on 26/05/2022

» Ally Leasehold Real Estate Investment Trust (REIT) expects revenue growth of 30-35% in 2022 as tenants affected by Covid-19 have resumed their business, following a robust reopening last November.

PROPERTY

Singha Estate upbeat on raising hotel income

Business, Kanana Katharangsiporn, Published on 31/05/2022

» SET-listed property firm Singha Estate Plc is expecting double growth in hotel income this year and a significant increase in residential revenue from the return of foreign arrivals in the second half after the country's reopening.

BUSINESS

Building castles in the sky

Business, Kanana Katharangsiporn, Published on 04/06/2022

» Frasers Property Holdings (Thailand), owned by billionaire Charoen Sirivadhanabhakdi's youngest son Panote, plans to continue with mixed-use developments after completion of the massive One Bangkok.

PROPERTY

New condo supply set to reach 50,000 units

Business, Kanana Katharangsiporn, Published on 07/06/2022

» New condo supply launched in Greater Bangkok in 2022 is poised to reach 50,000 units, surpassing the level in 2020 and 2021 but still lower than before the pandemic due to several negative factors.

PROPERTY

Hongkong Land bullish on Bangkok

Business, Kanana Katharangsiporn, Published on 09/06/2022

» Hong Kong-based investment group Hongkong Land is bullish about property development in Bangkok, with plans for at least three new luxury residential and commercial projects through joint ventures with three large developers.

BUSINESS

BTS ridership to exceed pre-Covid level

Business, Kanana Katharangsiporn, Published on 10/06/2022

» The reopening of schools, a rebound in foreign tourist arrivals and the full operation of extension sections should increase skytrain ridership to exceed pre-pandemic levels, according to BTS Group Holdings Plc.

BUSINESS

O2E Supply expects 65% growth in sales

Business, Kanana Katharangsiporn, Published on 14/06/2022

» O2E Supply Co, an importer of high-end engineered wood for flooring and decorative interior walls, expects sales growth of more than 65% this year, driven by a robust luxury residential market.

PROPERTY

Russians crowned leading buyers of Phuket condos

Business, Kanana Katharangsiporn, Published on 14/06/2022

» China's zero-Covid policy has seen Russians overtake the Chinese as the top foreign buyers of condos in Phuket, with the total in the first quarter exceeding the whole of 2021.

BUSINESS

Veranda to launch villa, condo projects

Business, Kanana Katharangsiporn, Published on 17/06/2022

» Resort and real estate development firm Veranda Resort Plc plans to launch villa and condo projects in Phuket and Hua Hin worth a combined 1 billion baht in the second half after seeing a strong tourism recovery.