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UNBELIEVABLE: 7 | History Defined

Listed firms refocus overseas during the pandemic

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.

Bangkok Post

Ministry to probe executives' BCP shares

The Finance Ministry will investigate whether it was unethical for two of its senior executives to receive shares offered to them by SET-listed Bangchak Corporation Plc (BCP) under the company's employee stock ownership plan (Esop), said a ministry source who requested anonymity.

Bangkok Post

Pruksa to spend B17bn on augmenting healthcare business

SET-listed developer Pruksa Holding Plc will invest 17 billion baht between 2023-2027 to expand its healthcare business, with three new Vimut hospitals and 14 wellness and nursing home centres in Greater Bangkok to boost revenue from recurring income.

Bangkok Post

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BGRIM, Innopower team up for project

SET-listed B.Grimm Power (BGRIM), an energy developer with the largest capacity in the small power producer segment, has forged a venture with energy innovation firm Innopower Co to promote clean energy projects, including electric vehicle (EV) infrastructure development.

Bangkok Post

B4.5bn in assets impounded in MORE fraud

The Civil Court on Thursday ordered the temporary seizure of 4.47 billion baht worth of assets linked to parties accused of manipulating the share price of More Return Plc (MORE).

Bangkok Post

B18.6bn deal brings SJWD into existence

A logistics company is going to be formed following a share-swap deal between SET-listed JWD InfoLogistics (JWD) and a logistics unit of Siam Cement Group (SCG), with the goal of becoming the largest service provider in Southeast Asia once the transaction valued at more than 18.6 billion baht is completed.

Bangkok Post

Korat wind farm partners to appeal court ruling

SET-listed Gulf Energy Development and Gunkul Engineering Plc will appeal a Nakhon Ratchasima Administrative Court ruling revoking their land rights to operate a wind farm in the northeastern province.

Bangkok Post

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Thaicom allots B15bn for satellite budget

SET-listed satellite service provider Thaicom has unveiled its 15-billion-baht satellite investment plan, including the construction of three new satellites for the 119.5° East slot.

Bangkok Post

MORE president resigns amid trading probe

Ummarit Klomchitcharoen, president and chief executive of More Return (MORE), on Monday informed the Stock Exchange of Thailand (SET) of his resignation after being accused of manipulating the company's share price, along with 17 others, in November last year.

Bangkok Post

SET records strong January performance

The Stock Exchange of Thailand (SET) performed strongly in the first month of 2023, with companies continuing to mobilise funds through the bourse in various forms to expand their businesses, according to the authorities.

Bangkok Post

Ananda eyes China for condo customers

SET-listed developer Ananda Development Plc will launch only two new projects worth 14.6 billion baht this year, in order to focus on unsold, ready-to-move-in condos worth a total of 29 billion baht which could capitalise on the resumption of Chinese buyers.

Bangkok Post

Samart eyes 75% revenue expansion

SET-listed tech and ICT solution provider Samart Corporation is hoping for a business turnaround this year as it aims to increase revenue by 75% to 16 billion baht, following positive sentiment and a group restructuring.

Bangkok Post

Poor Q4 results could prompt downward revisions

The Stock Exchange of Thailand moved mostly sideways last month. The index started out the month on a positive footing, gaining almost 30 points to peak at 1,695.99. However, after poor results from banks and big conglomerates such as SCC, the SET retreated to close at a January low of…

Bangkok Post

MORE shares dip after asset seizure request

Shares of More Return Plc (MORE) fell after the Anti-Money Laundering Office (Amlo) decided to confiscate 4.5 billion baht worth of assets from people involved in the company’s alleged fraudulent transactions in November last year.

Bangkok Post

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Bangkok Post

Amlo to seize B4.5bn in MORE-linked assets

The Anti-Money Laundering Office (Amlo) is preparing to seize assets worth nearly 4.5 billion baht from More Return Plc (MORE) in a follow-up to regulatory and criminal investigations into irregular trading in its shares last year.

Bangkok Post

AP aiming for B57.5bn in revenue

SET-listed developer AP Thailand plans to launch 58 new projects this year worth a combined 77 billion baht, the highest in the industry, with a target of 58 billion baht in presales and 57.5 billion in revenue.

Bangkok Post

AIS weighs options for $3bn in tower assets

Advanced Info Service Plc, the country’s biggest telecommunications group, is considering options for its tower business including a stake sale, according to people familiar with the matter.

Bangkok Post

Foreign funds flock to Asia amid economic recovery

Foreign funds continued to flow into Asian stock markets in January, backed by the economic recovery and China's reopening, according to a Stock Exchange of Thailand (SET) briefing on Tuesday.

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Bangkok Post

Thai hotels set sights on global growth

Thai hospitality is globally recognised for its unique service standards, which have assisted many homegrown hotel companies in their international expansion over the past few decades.

Bangkok Post

Mainland buyers seek quick move amid zero-Covid fears

Ready-to-move-in condos in Thailand are attracting Chinese buyers as the majority of them want to speed up relocation to the country due to concerns over the future of Beijing's zero-Covid policy.

Bangkok Post

PF allots B2bn for HQ, project

SET-listed developer Property Perfect Plc (PF) plans to spend 2 billion baht to develop a mixed-use project and its new headquarters on Ratchadaphisek Road in Huai Khwang, with retail space managed by the operator of Jodd Fairs night bazaar.

Bangkok Post

Thachang Green Energy bags solid waste contract

Thachang Green Energy (TGE), the SET-listed biomass power plant developer and operator, has been awarded a contract to invest, develop and operate a power plant and manage the municipal solid waste of Tambon Nong Mamong in Nong Mamong district of Chai Nat province.

Bangkok Post

WHA targets 5-year revenue of B100bn

SET-listed WHA Corporation, the country's largest developer of built-to-suit logistics facilities, is targeting revenue of 100 billion baht from 2023 to 2027, alongside 68.5 billion baht in investments.

Bangkok Post

Centara extends Krabi hotel agreement

SET-listed Centara Hotels & Resorts yesterday confirmed the signing of a new contract agreement to continue managing the Centara Anda Dhevi Resort & Spa Krabi for another ten years.

Tribune News Service

Re:SET concert series, a mini-Coachella, headed to 12 cities, with LCD Soundsystem, boygenius

SAN DIEGO — The producers of the new Re:SET concert series, which will be held for three days in San Diego and 11 other U.S. cities in June, aren’t calling their event a mini-Coachella.

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