ANAN teams up Mitsui Fudosan & Ascott to launch 5 service apartments projects, 1,809 units total Bt12b (Ascott Thong Lo, Ascott Embassy Sathorn, Somerset Rama 9, Somerset Pattaya, Life Sukhumwit 8), aims to boost recurring income from Expat & long stay.
Comment: These projects were in the pipeline pre variants. Now if the CEO could stop smoking weed and dreaming about flying cars to hotels on mountain tops and focus on his core business then maybe they will recover.
KTB enters digital transformation mode in jv with Accenture Solutions by setting up Arises by Infinitas to provide personnel and IT resources services.
Comment: The key trend to pay attention to are the companies that are winning these projects to do digital transformation in Thailand and the region – several listed plays are available.
PR9 targets FY22 revenue growth >15% yoy driven by specialty clinics expansion, check up & surgery package, strong traffic at IVF clinic, AHQ & tourist promotion.
SPALI launches 230 units low-rise project, Supalai City Home Rayong, 200m from Rayong bus terminal, 9 mins from Map Ta Phut Industrial Estates, pre-sales kick off Dec 18-19.
STA: reported Bt4.5b CD sold out, 3.6x oversubscribed.
Comment: Raising money is still easy in Thailand for those with strong balance sheets.