The Latest Breaking News from SET

SET-listed RS Plc is preparing to float the common stock of Chase Asia Plc (Chase), its lending and debt collection business, on the Thai stock market and offer these newly issued shares to the public through an initial public offering (IPO) in the fourth quarter of this year.

RECAP: The SET Index surged at midweek after listed firms reported record-high second-quarter earnings of 350 billion baht, reviving investor confidence, before easing back on profit-taking yesterday. US equities were rangebound, reflecting mixed opinions on economic data and uncertainty about the size of the Fed's next interest-rate increase.

The Stock Exchange of Thailand (SET) is preparing to revise trading criteria to suit current business conditions, to help facilitate investors and make them more consistent with international practice, the Thai bourse said recently.

SET-listed retail and property developer Central Pattana Plc (CPN) has teamed up with national oil and gas conglomerate PTT Plc and Evolt Technology Co, an electric vehicle (EV) charging company, to install EV charging stations at all Central shopping complexes by the end of this year.

SET-listed B.Grimm Power Plc (BGRIM) recorded revenue of 14.6 billion baht in the second quarter of 2022 from higher electricity tariffs, increased sale volumes and contributions from renewals in Laos and Thailand.

SET-listed telecom operator True Corporation is preparing to tap into e-sports users to expand its 5G subscriber base, as it sees a promising trend in connected devices.

SET-listed restaurant and bakery chain Mud & Hound Plc, formerly Mudman Plc, the operator of Greyhound Cafe and Au Bon Pain, aims to double overall sales to 1.5 billion baht in 2027.

A joint venture asset management company (JV AMC) business model is the country's innovative solution for handling non-performing loans (NPLs) in the banking sector, said Suthirak Traichira-Aporn, chief executive of JK Asset Management (JK AMC), in an exclusive interview with the Bangkok Post.

Despite recording just one-third of its annual target in the first half, SET-listed developer Pruksa Holding Plc (PSH) maintained its 2022 presales and revenue goals of 31 and 33 billion baht, respectively, as it has confidence in its strategies and residential demand in the second half.

LPP Property Management, a subsidiary of SET-listed developer L.P.N. Development Plc, will tap more non-L.P.N. projects, launching a turnkey project consultancy and establishing a joint venture with Synphaet Hospital with the aim of growing annual revenue by 30% from 2023.

SET-listed S&P Syndicate Plc, the operator of the S&P bakery and restaurant chain, is to adapt its business operation to cope with high operational costs, with the launch of various tools such as work automation in the second half of this year.