The Latest Breaking News from SET

Net profit for the banking industry grew 13% in the first quarter thanks to improving business operations, despite setting higher loan-loss provisions amid global economic risks.

RECAP: Asian and European markets fell yesterday on lingering recession worries as data indicated the US economy was slowing down. Thailand has low recession risk but the SET has slid amid negative global sentiment and falling oil prices.

SET-listed Asset World Corp (AWC) Plc, an integrated lifestyle real estate group in Thailand, is developing new projects in Chiang Mai similar to its flagship Asiatique open-air mall in Bangkok.

Earnings plays are expected to feature heavily in the near term as SET-listed companies start to report their first-quarter results. A downbeat surprise, however, could send equities down.

SET-listed Demco, a contractor and engineering service provider, is expanding its clean energy business following diversification into this sector by joining the government's promoted renewable power development scheme.

Investment this year is fraught with risks. A number of factors, including rising interest rates, high inflation, an economic slowdown and most recently the banking crisis in the US and Europe, have influenced investment sentiment in stock markets since the beginning of 2023.

CK Power Public Company Limited (CKP), the leader in hydroelectric power plants, has set its sights on becoming one of the largest business operators generating and distributing power from renewable energy sources in Southeast Asia, with one of the lowest carbon footprints.

Gold prices hit a 13-month high, touching US$2,031 per ounce as weak US economic data spurred demand for the safe-haven asset amid a weakening dollar, according to analysts.

SET-listed Prime Road Power, an operator of solar farms and provider of solar panel installation services, aims to increase its renewable power generation capacity to 1,800 megawatts by 2027, up from 304MW, thanks to campaigns for fossil fuel reduction to fight global warming across Asia-Pacific.