Thai retailers have been rushing overseas, both to the near abroad and across the globe. Three things motivate them: the limits of Thailand’s domestic market size, perceived opportunities in other countries, such as Indonesia, and low prices for acquisition targets, especially in Europe. Another drive is self-confidence: the knowledge that they...
With the country working through its telecoms issues, Thailand’s internet connectivity is about to improve exponentially. Wireless speeds are on their way up and wireless access is expanding rapidly. The broadband offering has been fairly solid in Thailand given the lack of widespread 3G and 4G. For a number of years people in the urban centres...
THE COMPANY: Established in 1989 and listed in the Stock Exchange of Thailand in 1993, Supalai (SPALI) is the sixth-largest property developer in Thailand in terms of presales (value of residential bookings). In 2013, 98% of SPALI’s BT12.6bn ($412m) revenue came from transfers of residential projects...
Even though the minimum wage has gone up and there is no shortage of work, the construction sector in Thailand is facing serious dearth of labourers. According to Chakporn Oonjitt, the executive director of the Construction Institute of Thailand, the number of people, both skilled and unskilled, employed in the industry has been well over 2m for...
The Thai equity market has been influenced by political issues that emerged in the fourth quarter of 2013. At a price-to-earnings multiple of 13.3 times forward 2014 earnings, the Stock Exchange of Thailand (SET) remains relatively cheap, compared to its regional peers, and offers an attractive risk-reward profile. Assuming earnings growth of 14.6% for 2014, our target...
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