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BUSINESS

More Return sees profit plummet in 2022

Business, Nuntawun Polkuamdee, Published on 28/02/2023

» MAI-listed More Return (MORE) yesterday reported a huge drop in net profit for last year and the appointment of an acting chief executive following the resignation of Ummarit Klomchitcharoen, who has entered the investigation process into the company's alleged share price manipulation.

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BUSINESS

One Life Settlement Fund unit launched

Business, Nuntawun Polkuamdee, Published on 28/02/2023

» One Asset Management (ONEAM) yesterday launched the fourth unit of its One Life Settlement Fund (ONE-LS), an alternative investment option, following the success of the first three funds.

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BUSINESS

Foreigners flee Thai stocks at rapid rate

Business, Nuntawun Polkuamdee, Published on 02/03/2023

» Foreign investors were net sellers of US$1.1 billion (37 billion baht) worth of shares on the Thai stock exchange in February, the highest value among Asian bourses for the month and the biggest net sell-off on the exchange since April 2020, with several factors pressuring investments, according to analysts.

BUSINESS

Thai firms top S&P sustainability index

Business, Nuntawun Polkuamdee, Published on 03/03/2023

» A total of 37 Thai companies have been included in S&P Global's Sustainability Yearbook 2023, with 12 awarded "Gold Class", the highest tally globally for the best performing sustainable companies in their industry, the Stock Exchange of Thailand (SET) reported yesterday.

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BUSINESS

Asian shares slide, SET falls on weak GDP data

Business, Nuntawun Polkuamdee, Published on 18/02/2023

» RECAP: Asian shares and currencies slipped on Friday as strong economic data from the US and hawkish Federal Reserve comments revived fears that the US central bank will stick to its path of interest rate increases to tame inflation.

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BUSINESS

KAsset targets AUM growth of 10% with new strategies

Business, Nuntawun Polkuamdee, Published on 21/02/2023

» Kasikorn Asset Management (KAsset) aims to grow the firm's assets under management (AUM) by 10% this year to 1.55 trillion baht, partly by reaching out to Kasikornbank's middle- and lower-income clients.

BUSINESS

Listed firms refocus overseas during the pandemic

Business, Nuntawun Polkuamdee, Published on 24/02/2023

» Listed Thai companies earned 4.38 trillion baht in revenue from overseas expansion in 2021, the highest level in 16 years, as they were forced to find new markets during the Covid-19 pandemic, the latest figures from the Stock Exchange of Thailand revealed.

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BUSINESS

Asian markets mixed but SET sees correction

Business, Nuntawun Polkuamdee, Published on 25/02/2023

» RECAP: Asian markets were mixed yesterday, with traders still preoccupied by interest rate worries, though Tokyo rallied after the man tipped as Japan's next central bank head made the case for keeping its ultra-loose policy.

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BUSINESS

Baht dip aids export stocks

Business, Nuntawun Polkuamdee, Published on 17/02/2023

» The rapid depreciation of the baht has helped stocks in the export sector, say analysts, warning the currency is under pressure to slide further, resulting in continued outflows from the Thai stock market.

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BUSINESS

SEC preparing disclosure rules for crypto exchanges

Business, Nuntawun Polkuamdee, Published on 10/02/2023

» The Securities and Exchange Commission (SEC) is preparing to require cryptocurrency exchange operators to disclose the risks involved in their trade, the regulator said on Thursday.