Bad news gets even worse for Thai property companies
Article Abstract:
Asia Equity released a report on Thailand's property sector, recalculating the income statements and balance sheets of 20 listed property firms. The report showed that Thai property firms would have posted a combined loss of 18.3 billion baht from 1991 to Jun. 30, 1996, and not a cumulative net profit of 42.1 billion baht, had they treated all their interest payments as expenses. Combined debt also grew by 324% in a five-year period ending Dec. 31, 1995. Asia Equity predicts that the industry will witness a decrease in land prices and more credit lenders takeovers and bankruptcy claims.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Steep drop in Tanayong's stock price does little to perk up analysts' interest
Article Abstract:
Most analysts believe that the prospects for Tanayong Co. stock are not very good and that share owners should unload their holdings. Although several high-profile company projects have been completed and are scheduled to begin operating soon, analysts do not expect this to translate into an increase in stock price. They also caution investors who may be attracted by Tanayong's currently low price, saying that it is still too expensive at the current level.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Land ho: real-estate speculation fuels growth of poor Thai region, but will bubble burst?
Article Abstract:
Ubon Ratchatani is a poor backwater town in Thailand but its economy is booming, driven in large part by speculators who are buying up real estate in the area. Speculators are investing heavily in land in the expectation that the border with Indochina will eventually be opened and that Ubon will serve as a vital hub in the new trade route.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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