The Latest Breaking News from SET

RECAP: Asian shares rose yesterday on prospects for a steady economic recovery in China, and after Wall Street reversed losses following remarks by a Fed official that signalled a measured approach to raising US interest rates.

The new company formed by the merger of True Corporation and Total Access Communication (DTAC) debuted on the Stock Exchange of Thailand (SET) yesterday.

A total of 37 Thai companies have been included in S&P Global's Sustainability Yearbook 2023, with 12 awarded "Gold Class", the highest tally globally for the best performing sustainable companies in their industry, the Stock Exchange of Thailand (SET) reported yesterday.

SET-listed Super Energy Corporation, Thailand's largest operator of solar farms by capacity, plans to increase its revenue in 2024 and 2025 by allocating capital spending of 41.5 billion baht to fund renewable projects in Thailand and Vietnam.

SET-listed digital solutions provider Turnkey Communication Services (TKC) is targeting 20% growth in net profit this year, thanks to overall investment in digital infrastructure by the state and private sector, especially cybersecurity development and smart solutions.

SET-listed developer Pruksa Holding has revised its business strategy to integrate residential development with healthcare and e-commerce, aiming to increase the revenue proportion from recurring income to 25% by 2028, more than triple the current figure.

Sustainability will remain a key trend for fundraising in Thailand, prompting companies to increasingly integrate environmental, social and corporate governance (ESG) considerations into their strategies, says international law firm Baker McKenzie.

Listed Thai companies earned 4.38 trillion baht in revenue from overseas expansion in 2021, the highest level in 16 years, as they were forced to find new markets during the Covid-19 pandemic, the latest figures from the Stock Exchange of Thailand revealed.

The Finance Ministry will investigate whether it was unethical for two of its senior executives to receive shares offered to them by SET-listed Bangchak Corporation Plc (BCP) under the company's employee stock ownership plan (Esop), said a ministry source who requested anonymity.

SET-listed developer Pruksa Holding Plc will invest 17 billion baht between 2023-2027 to expand its healthcare business, with three new Vimut hospitals and 14 wellness and nursing home centres in Greater Bangkok to boost revenue from recurring income.

SET-listed B.Grimm Power (BGRIM), an energy developer with the largest capacity in the small power producer segment, has forged a venture with energy innovation firm Innopower Co to promote clean energy projects, including electric vehicle (EV) infrastructure development.