Thai Industry News

Raimon Land announces positive earnings for 2010. Sales growth and rationalization last year are platform for sustainable cashflow outlook and share rerating.

Pruksa Real Estate has introduced eight new detached homes projects in the first two months of 2011 and hopes to lead the country’s market in the segment in two years time. Pruksa currently controls 21 per cent of the THB70 billion (US$2.3 billion) per year detached house market.

Trinity Property Fund will start trading on The Stock Exchange of Thailand (SET) under the symbol of “TNPF” from March 8, making it the second property fund to be listed on the SET this year.

Thai listed developer Supalai recently revealed its plan to launch 16 new projects in Bangkok and expected to generate THB17 billion (US$ 557 million) in sales this year.

The Stock Exchange of Thailand (SET) is introducing 16 new single-stock futures in line with its core strategy of appearing on global investors' radar screens.

Consumers will have to shoulder higher living costs as the government intends to allow manufacturers in a number of key...

BANPU reported to the SET that Banpu Minerals (Singapore) (BMS), its wholly-owned subsidiary, has formed a strategic partnership with Hunnu Coal (Hunnu) by acquiring 30mn shares in Hunnu through a private placement at A$1.5 per share or a total of A$45mn (Bt1.4bn).

With strong demand for townhouses in the Wongwaen-Bang Khae area, Pruksa Real Estate has introduced a three-storey townhouse development, "Connect Up3 Wongwaen-Bang Khae", worth Bt699m. The project comprises 233 units on 22 rai at a starting price of Bt2.68m per unit.

Thai AirAsia (TAA)'s long-awaited initial public offering (IPO) has been set in motion as the country's largest low-cost carrier moves to raise up to Bt6b in the fourth quarter to support its growth plan

W Bangkok has been topped off and construction is on schedule for completion mid 2012.