Thailand 2020 Investment Applications at Over 480 Billion Baht, Led by E&E and Food, BOI Says
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BANGKOK, Feb. 10, 2021 /PRNewswire/ The Thailand Board of Investment (BOI) said today that local and foreign investors had in 2020 filed a total of 1,717 applications for investment promotion, representing a combined investment value of 481.1 billion baht (USD16 billion), led by projects in the electric and electronics and the agriculture and food processing sectors, and a surge in the medical sector.
Ms Duangjai Asawachintachit, Secretary General of the Thailand Board of Investment (BOI) spoke to reporters in Bangkok on 10 February 2021 after a board meeting which approved incentives for the public listing of BOI-promoted companies and acknowledged the 2020 investment applications report.
<p><span>The Stock Exchange of Thailand revealed that 11 Thai firms have been awarded in Gold Class, the world’s highest ranking by number in sustainability aspect in “The Sustainability Yearbook 2021” conducted by S&P Global. Of the total 11 companies, 10 are SET-listed companies and the other one</span><i> </i><span>is a Thai company, strikingly resonating that the</span><i> </i><span>sustainability approach is viable</span><i> </i><span>and has leveled up</span><i> </i><span>the country’s capital market to be widely recognized in international arena.</span></p>
OR to begin trading on SET on Thursday
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published : 10 Feb 2021 at 04:06
4 A PTT logo at the firm s headquarters on Vibhavadi Rangsit Road. (Photo by Wichan Charoenkiatpakul)
PTT Oil and Retail Business (OR) shares will begin trading on the Stock Exchange of Thailand (SET) on Thursday, with analysts suggesting a fair value of 22 baht per share based on the company s fundamentals.
UOB Kay Hian Securities Research has determined the OR price at 22 baht, up 4 baht or 22.2% from the initial public offering (IPO) price of 18 baht.
OR is the retail arm of state oil and gas conglomerate PTT Group and Thailand s largest oil and non-oil retail business. Analysts expect earnings to recover by 34.6% in 2021 through growth in all business segments.
<p><span>The Stock Exchange of Thailand (SET) Index rose in January, though a new wave of COVID-19 pandemic in domestic market prompted the government to impose a partial lockdown and the inter-provincial travel restriction in some areas. Positive sentiment propelled by the U.S. s Blue Wave election outcome and the ongoing global recovery in consistent with Thailand s export growth of 4.71 percent year-on-year in December 2020, the first increase in 8 months and the biggest increase in 22 months.</span></p>
Drinks giant Thai Beverage to resume expansion with Singapore IPO for Asean regional beer operation
Latest move sees the huge Thai drinks conglomerate move to power faster and deeper expansion in ASEAN and Southeast Asia to tap into a growing beer market. The driving force and founder of Thai Beverage, Charoen Sirivadhanabhakdi, has become one of the wealthiest men in the world with interests in property, brewing, food, insurance and media.
Thai Beverage filed papers with the Singapore Stock Exchange this week to pursue an IPO offering for 20% of a newly spun-off regional beer and drinks juggernaut focused on the Southeast Asian and ASEAN market where the firm sees potential for spectacular growth. It is understood that the Thai group’s 2018 purchase of Sabeco, the leading Vietnamese brewing firm, will be central to the new entity which is expected to be valued at $10 billion or ฿300 billion.