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TRIS Rating affirms the company rating on Siamese Asset PLC (SA) at ?BB+? with a ?stable? rating outlook. The rating reflects SA?s evolving brand recognition in the condominium segment and improving capital structure after listing on the Stock Exchange of Thailand (SET) in December 2020. The ratings also take into consideration the company?s limited track record, product segment concentration, and the effects of the prolonged Coronavirus Disease 2019 (COVID-19) pandemic, which could lead to weakening demand for residential properties. KEY RATING CONSIDERATIONS Limited track record with evolving brand recognition in the condominium segment In TRIS Rating?s view, SA?s market position in the condominium segment is improving over time. Its brand recognition in the middle- to high-end condominium segments is evolving. The company develops condominiums under the ?Blossom?, ?Siamese?, ?Siamese Exclusive?, and ?The Collection? brands. SA?s revenues and profitability have impro ....
Kew Green Hotels Continues South East Asia Expansion, Launching Two Cassia By Banyan Tree Group In Bangkok, Thailand hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more The four biggest international hotel chains in Asia-Pacific in 2019 opened a combined total of more than 300 hotels and signed more than 500 hotels in the region in the pandemic-hit year 2020. The number for the chains, which had been enjoying three years of a great development pace in Asia-Pacific, were expected to be higher, of course. But the gains in 2020 were nothing less than impressive given the historic challenges (see chart). A horrifying year had turned out to be more resilient than expected, a validation that Asia-Pacific will remain the fastest-growing hotel region of the world by any measure. ....
Siamese Asset PCL (SET: SA) Shows High Integrated Real Estate Business Potential - Moving ahead to raise funds, fortify strength - Advancing to become Thailand s top real estate developer BANGKOK, Dec 28, 2020 - (ACN Newswire) - Siamese Asset PCL (SET: SA) is moving ahead to expand investment following its listing on the Stock Exchange of Thailand (SET), in a bid to become a leading integrated real estate developer in Thailand, fulfilling customer demand for residences and for long-term investment, and promoting continuous growth, despite the national economy in a slowdown mode. The current 9,446 million baht worth of backlog is being realized from 4Q2020 onward. ....
Travellers seek more flexibility in 2021 published : 24 Dec 2020 at 04:00 The yak statue at Suvarnabhumi Airport wears a face mask. (Photo by Wichan Charoenkiatpakul) One in two travellers feels optimistic about taking a trip in the next 12 months, according to the Traveller Sentiment & Influences 2020-2021 report by the US-based Expedia Group. The study was conducted in October among 11,000 travellers in Australia, Brazil, Canada, China, France, Germany, Italy, Japan, Mexico, the United Kingdom and the United States. The study s aim was to learn about the impact of Covid-19 on travellers around the world in 2020 and in 2021. In 2020, two-thirds of travellers had a planned trip cancelled due to Covid-19 and only a third of travellers took a trip during the pandemic. Of those who took a trip, eight out of 10 travelled for rejuvenation, change of scenery, experience different weather, or to visit family or friends. ....