DOCSLIB.ORG

The Platinum Group (PLAT TB) Share Price: Bt6.20 Target Price: N/A

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

October 20, 2016 NOT RATED The Platinum Group (PLAT TB) Share Price: Bt6.20 Target Price: N/A Grand Bazaar of Thailand Equity Explorer Operates popular Fashion Mall in Thailand with 99% occupancy rate and one of the highest rents (Bt3,000/sq.m./month) Four projects to support earning growth from FY18 onwards; net leasable area will increase by 149% in FY18 and 43% in FY21 Stock offers attractive earnings growth (22% in FY18F) at 21x FY18F PE current valuation Plans to convert long-term rental contracts into short-term contracts at higher rents in 2021-22 PLAT owns and operates two shopping malls (The Platinum Fashion Mall and The Wharf Samui) and one hotel (Novotel Bangkok Pratunam). Currently, 70% of revenue come from The Platinum Fashion Mall, one of Thailand’s largest wholesale and retail fashion mall which sees 11mil Teerapol UDOMVEJ visitors per year. It has registered 99% occupancy rate over the last 5 662 - 659 7000 ext 5012 COMPANY RESEARCH | years and rent is relatively high at Bt3,000/sq.m./month (2Q16 average) [email protected] vs Bt1,500 for CPN (NEUTRAL, TP Bt60). PLAT expects to raise rents by about 5% p.a. for short-term rental contracts. Organic growth will Key Data start from it converts long-term contracts expiring in 2021-2022 (account 12-mth High/Low (Bt) 7.15 / 4.86 for 42% of leasable area) into short-term contracts. Current rents for Market capital (Btm/US$m) 17,360.0 / 497.7 long-term contracts are Bt1,200-2,100, much lower than c.Bt4,000 for 3m avg Turnover (Btm/US$m) 24.6 / 0.7 short-term contracts. Free Float (%) 17 Issue Shares (m shares) 2,800 Rental area and hotel rooms will increase by c.260% by 2021 Major shareholders: PLAT raised Bt5.2bn from an IPO in March 2015. It plans to use the - CHOTJURANGKOOL SURAC 27.7 proceeds to finance four projects which will require Bt9.9bn total capex, - PUNJAPORN CHOTICHULA 17.6 comprising (i) The Market by Platinum, a new retail shopping mall in the - WUJITTHANARAK WUTHIC 7.8 Ratchaprasong area, (ii) a hotel and office space for rent on The Market, Share Price Performance (iii) two hotels in Samui Island, and iv) Bangkok Skyline, a skywalk that links the BTS station to major shopping malls in Ratchaprasong area. This means earnings should start to surge from FY18 onwards as The Market would increase net leasable area from 28k to 69k sq.m. That will increase to 99k sq.m. by FY21 after it opens the office building at The Market. Finally, the number of hotel rooms should increase from 283 to 1,013 room by 2021. Start of new growth era in FY18 According to Bloomberg consensus estimate, PLAT’s earnings should jump 22% in FY18F to Bt845m after the opening of The Market. Although PLAT is currently trading at 25x FY16 P/E, that should drop to YTD 1Mth 3Mth 12Mth only 21x based on FY18 estimate, in line with CPN. PLAT is currently Absolute (%) 24.0 (4.6) (1.6) 17.0 debt-free, implying ample room for borrowings to take on more projects. Relative to index (%) 9.3 (2.3) 2.8 16.5 Financial Summary (Btm) Year to Dec 2011 2012 2013 2014 2015 Krungsri Securities vs Market Sales (Btm) 670 1,015 1,169 1,445 1,768 Positive Neutral Negative Growth (%) N/A 52 15 24 22 Market EBITDA (Btm) 272 432 503 720 950 Recommend 3 0 1 Growth (%) N/A 59 16 43 32 Source: Bloomberg, Krungsri Securities Recurring profit (Btm) 69 166 250 438 630 Growth (%) N/A 142 50 76 44 Net profit (Btm) 69 166 250 438 630 FDEPS (Bt) 0.12 0.29 0.29 0.22 0.22 Growth (%) N/A 142 (0) (24) 2 PE (x) 51.6 21.4 21.4 28.2 27.6 DPS (Bt) N/A N/A N/A 0.06 0.16 Yield (%) N/A N/A N/A 1.0 2.5 BVPS (Bt) 1.16 1.45 1.13 1.26 2.93 P/BV (x) 5.4 4.3 5.5 4.9 2.1 Disclaimer: This publication constitutes information disclosed to the public and believed to be reliable but its accuracy and completeness are not guaranteed. All opinions, suggestions, or projections are for informational purposes only and shall not be construed as an inducement for the sale or purchase of securities. Amendments to this publication may be made without prior notice. Investors are urged to exercise caution in making a decision to invest in any securities. 1 Equity Explorer | PLAT October 20, 2016 PLAT: Future projects Source: Company data PLAT: Revenue breakdown PLAT: Financial Summary Source: Company data Source: Company data Krungsri Securities Research 2 Equity Explorer | PLAT October 20, 2016 The Platinum Fashion mall: Breakdown of tenant term The Platinum Fashion mall: Breakdown by area (as of June 2016) (as of June 2016) Source: Company data, Krungsri Securities Source: Company data, Krungsri Securities PLAT: Growth of rental business PLAT: Growth of hotel business Source: Company data, Krungsri Securities Source: Company data, Krungsri Securities Krungsri Securities Research 3 CG Rating 2015 Companies with CG Rating ADVANC BAFS BCP BIGC BTS CK CPN DRT DTAC DTC EASTW EGCO GRAMMY HANA HMPRO INTUCH IRPC IVL KBANK KCE KKP KTB LHBANK LPN MCOT MINT MONO NKI PHOL PPS PS PSL PTT PTTEP PTTGC QTC RATCH ROBINS SAMART SAMTEL SAT SC SCB SCC SE-ED SIM SNC SPALI THCOM TISCO TKT TMB TOP VGI WACOAL AAV ACAP AGE AHC AKP AMATA ANAN AOT APCS ARIP ASIMAR ASK ASP BANPU BAY BBL BDMS BKI BLA BOL BROOK BWG CENTEL CFRESH CHO CIMBT CM CNT COL CPF CPI CSL DCC DELTA DEMCO ECF EE ERW GBX GC GFPT GLOBAL GUNKUL HOTPOT HYDRO ICC ICHI INET IRC KSL KTC LANNA LH LOXLEY LRH MACO MBK MC MEGA MFEC NBC NCH NINE NSI NTV OCC OGC OISHI OTO PAP PDI PE PG PJW PM PPP PR PRANDA PREB PT PTG Q-CON QH RS S & J SABINA SAMCO SCG SEAFCO SFP SIAM SINGER SIS SITHAI SMK SMPC SMT SNP SPI SSF SSI SSSC SST STA STEC SVI SWC SYMC SYNTEC TASCO TBSP TCAP TF TGCI THAI THANA THANI THIP THRE THREL TICON TIP TIPCO TK TKS TMI TMILL TMT TNDT TNITY TNL TOG TPC TPCORP TRC TRU TRUE TSC TSTE TSTH TTA TTCL TTW TU TVD TVO UAC UT UV VNT WAVE WINNER YUASA ZMICO 2S AEC AEONTS AF AH AIRA AIT AJ AKR AMANAH AMARIN AP APCO AQUA AS ASIA AUCT AYUD BA BEAUTY BEC BFIT BH BIG BJC BJCHI BKD BTNC CBG CGD CHG CHOW CI CITY CKP CNS CPALL CPL CSC CSP CSS CTW DNA EARTH EASON ECL EFORL ESSO FE FIRE FOCUS FORTH FPI FSMART FSS FVC GCAP GENCO GL GLAND GLOW GOLD GYT HTC HTECH IEC IFEC IFS IHL IRCP ITD JSP JTS JUBILE KASET KBS KCAR KGI KKC KTIS KWC KYE L&E LALIN LHK LIT LST M MAJOR MAKRO MATCH MATI MBKET M-CHAI MFC MILL MJD MK MODERN MOONG MPG MSC MTI MTLS NC NOK NUSA NWR NYT OCEAN PACE PATO PB PCA PCSGH PDG PF PICO PL PLANB PLAT PPM PRG PRIN PSTC PTL PYLON QLT RCI RCL RICHY RML RPC S SALEE SAPPE SAWAD SCCC SCN SCP SEAOIL SIRI SKR SMG SOLAR SORKON SPA SPC SPCG SPPT SPVI SRICHA SSC STANLY STPI SUC SUSCO SUTHA SYNEX TAE TAKUNI TCC TCCC TCJ TEAM TFD TFI TIC TIW TLUXE TMC TMD TOPP TPCH TPIPL TRT TSE TSR TT UMI UP UPF UPOIC UREKA UWC VIBHA VIH VPO WHA WIN XO Disclaimer The disclosure of the survey result of the Thai Institute of Directors Association ("IOD") regarding corporate governance is made pursuant to the policy of the Office of the Securities and Exchange Commission. The survey of the IOD is based on the information of a company listed on the Stock Exchange of Thailand and the Market for Alternative Investment disclosed to the public and able to be accessed by a general public investor. The result, therefore, is from the perspective of a third party. It is not an assessment of operation and is not based on inside information. The survey result is as of the date appearing in the Corporate Governance Report of Thai Listed Companies. As a result, the survey result may be changed after that date or when there is any change to the relevant information. Nevertheless, Krungsri Securities Public Company Limited does not confirm, verify, or certify the accuracy and completeness of such survey result. Anti-corruption Progress Indicator 2015 Level 5: Extended BCP CPN GYT PE PM PPP PT PTT PTTGC SAT SCC THANI TOP Level 4: Certified ADVANCAMANAH ASP AYUD BAFS BANPU BAY BBL BKI BLA BTS CFRESH CIMBT CNS CSL DCC DRT DTC EASTW ECL EGCO ERW FSS GCAP HANA HTC IFEC INTUCH IRPC IVL KBANK KCE KGI KKP KTB LANNA LHBANK MBKET MFC MINT MTI NKI PPS PSL PTG PTTEP SABINA SCB SINGER SIS SNC SNP SSF SSI SSSC SVI TCAP THCOM THRE THREL TISCO TMB TMD TNITY TOG TSTH Level 3B: Established by Commitment and Policy AAV AHC AIT AKR ARROW ASK BA BDMS BEC BJCHI CGH CHG CHOW CIG CITY CK CKP COLOR CWT EARTH EASON EPG F&D FANCY FIRE FMT FORTH GENCO GL GOLD GPSC GRAMMY HYDRO IRCP IT JCT KCM KWC LH LIT LOXLEY MACO MANRIN MATI MODERN MSC NOBLE NOK NPK NUSA OISHI OTO PAF PAP PATO PF PJW PLANB PLE POLAR PRG PTL Q-CON QTC RCI S11 SALEE SAM SAMART SAMTEL SAPPE SC SCP SFP SIM SLP SMT SPA SPORT SSC SST STEC STPI SUC SUTHA T TAE TBSP TCC TFD TGCI TGPRO THANA THIP TIW TK TMW TNDT TOPP TPC TPCH TPIPL TSR TT TYCN UAC UBIS UEC UMI UP UPF UT UV VPO WAVE WINNER YUASA Level 3A: Established by declaration of intent ABC ACAP AGE AH ANAN AP APCS APURE AS ASIA ASIAN ASIMAR BIGC BROOK BWG CEN CENTEL CHARAN CHO CHOTI CM CNT COL CPF CPI CPL DELTA DEMCO DIMET DNA DTAC EA ECF EE EVER FPI GBX GC GFPT GLOW HMPRO HOTPOT ICC ICHI INOX INSURE IRC JAS JTS JUBILE KC KTC KYE LHK LPN LRH MAKRO MC MCOT MFEC MJD MONO MOONG NBC NDR NINE NMG NSI NTV OGC PACE PCSGH PDI PG PHOL PLAT PR PRANDA PREB PS QLT RATCH RML ROBINS ROJNA RWI SAMCO SCCC SCG SEAOIL SE-ED SENA SITHAI SMK SMPC SPALI SPC SPCG SPI SRICHA STANLY SUPER SYMC SYNEX SYNTEC TASCO TCMC TFI THAI TICON TKT TLUXE TMILL TMT TNL TPCORP TSTE TTCL TU TVI UOBKH UREKA VGI VNT WACOAL WHA ZMICO Level 2: Declared 2S ABICO AF AIRA AKP ALUCON AMARIN AMATA AOT APCO BEAUTY BFIT BH BKD BLAND BROCK BRR BSBM BTNC CCP CI CSC CSR CSS EFORL EPCO ESTAR FE FER FNS FVC GEL GLOBAL GUNKUL IEC IFS ILINK INET J JMT JUTHA K KASET KBS KCAR KKC KSL KTECH L&E LALIN LTX M
Recommended publications
  • Bangkok 191 1672

    Bangkok 191 1672

    Travellers essentials UOB Regional Privileges Important Numbers Emergency (Police, Ambulance or Fire) Tourism Authority of Thailand Bangkok 191 1672 Tourist Police Bangkok Tourist Bureau Photo courtesyofTourismAuthorityThailand 1155 (66) 2 225 7612-4 Immigration Bureau (66) 2 287 3103-10 Getting Around Taxi Airport Bus Hotline: 1681 or (66) 2 875 9995 Hotline: (66) 2 535 1254 Skytrain (BTS) River Taxi Hotline: (66) 2 617 7340 Hotline: (66) 2 617 7340 Website: www.bts.co.th Website: www.chaophrayaboat.com Weather January and February are the northeast monsoon months. This means cool breezes with temperatures about 23°C. March onwards it can get pretty hot at up to 29°C. UOB General Terms and Conditions: • All offers are valid till 30 April 2006, unless otherwise stated. • All offers are valid on full priced items, unless otherwise stated. • Not valid with other promotions, offers, loyalty or reward schemes. • Payment must be made with UOB or Bank of Asia Visa/Mastercard Credit/Debit Card. • Discounts, vouchers and privileges are not exchangeable for cash or other goods and services. • UOB and the participating outlets reserve the right to vary/amend the privileges terms and conditions without prior notice. • All information is correct at time of print. United OverseasBankLtdCompanyRegNo.193500026Z The greatest pleasure of travel isn’t always what you find there. Sometimes, it’s what you bring. Also known as the “City of Angels” in Asia, discover glittering temples, colourful It’s all in Bangkok. UOB is pleased to present exclusive privileges at two of the hottest markets, hospitable people, great shopping, and exotic nightlife in Bangkok.
  • 210317 Brochure V3

    210317 Brochure V3

    LOCATION Sublime CEntrally located aT a Major Due to its wonderful location, Lancaster crossroaDS OF the BuSTlInG Bangkok is easily accessed from both of location near Bangkok’s airports. Guests are conveniently transport Capital, lanCaster BanGkOk IS a positioned to explore the capital’s many nearby and prime MOnuMEnT to the renaISSanCE wonders, from the cosmopolitan shopping malls OF THE MakkaSan District. and dazzling nightlife of Sukhumvit to the attractions glittering spires of the city’s sacred Buddhist Lancaster Bangkok is located near the intersection shrines. It’s an ideal base for leisure and The beautiful Lancaster Bangkok is of Phetchaburi and Asoke Roads, close to key business travellers, as well as those travelling public transport including Makkasan station on to Bangkok to take advantage of the world- the embodiment of Thai warmth and the Airport Rail Link and Phetchaburi station on class healthcare offerings of nearby Bangkok the MRT underground. Complimentary tuk-tuk Hospital and Bumrungrad International hospitality. Here, guests truly experience service from the hotel connects to both. Hospital. the heartfelt generosity and intuitive T A service for which hailand is famed. s LOCAL ATTRACTIONS the newest member of the renowned A variety of world-famous shopping venues, prominent dining and entertainment districts, and other Landmark Lancaster Hotel Group, with points of interest are found within convenient reach of Lancaster Bangkok: properties in Bangkok and London, • Central Plaza Grand Rama 9 shopping mall this welcoming haven is the crowning • Fortune Town IT mall • Terminal 21 shopping mall attraction of Bangkok’s blossoming • Emporium luxury shopping mall • SHOW DC (shopping and entertainment venue) Makkasan District.
  • The 18Th Session of Codex Committee on Fresh Fruits and Vegetables (CCFFV) 24 – 28 February, 2014, Bangkok, Thailand

    The 18Th Session of Codex Committee on Fresh Fruits and Vegetables (CCFFV) 24 – 28 February, 2014, Bangkok, Thailand

    The 18th Session of Codex Committee on Fresh Fruits and Vegetables (CCFFV) 24 – 28 February, 2014, Bangkok, Thailand Co-hosted by National Bureau of Agricultural Commodity and Food Standards (ACFS), Thailand In cooperation with Dirección General de Normas (DGN), Mexico 1 INFORMATION FOR DELEGATES The 18th Session of Codex Committee on Fresh Fruits and Vegetables (CCFFV) 24 – 28 February, 2014, Bangkok, Thailand ----------------------- 1. Meeting information Date and Venue of the meeting Date : 24 – 28 February, 2014 Venue : Hilton Sukhumvit Bangkok 11 Sukhumvit Soi 24, Klongton, Klongtoei, Bangkok, Thailand Tel : (+66) (0) 2 620 6666 Fax: (+66) (0) 2649 6709 E-mail : [email protected] Accommodation Hotel room blocks have been reserved for participants attending the 18th Session of Codex Committee on Fresh Fruits and Vegetables (CCFFV) at the Hilton Sukhumvit Bangkok, until th 16 February 2014. Registration/Opening Registration services will be provided at registration desk in front of Grand Ballroom, 3rd Floor, the Hilton Sukhumvit Bangkok from 08.00 to 12:00 hrs: - The official opening ceremony will be taken place before plenary session on 24 Febraury 2014 at 9.30 hrs at Grand Ballroom, 3rd Floor Name badges will be provided at the registration desk. Delegates are requested to wear their name badges at all functions during the meeting. 2 Documentation For this session there will not be hard copies of the working documents provided except (CRDs). Delegates are requested to bring their own documents to the meeting. These are available in English, French and Spanish on www.codexalimentarius.org Translation and Interpretation Services The 18th CCFFV Meeting will be conducted in English, French and Spanish.
  • BANGKOK 101 Emporium at Vertigo Moon Bar © Lonely Planet Publications Planet Lonely © MBK Sirocco Sky Bar Chao Phraya Express Chinatown Wat Phra Kaew Wat Pho (P171)

    BANGKOK 101 Emporium at Vertigo Moon Bar © Lonely Planet Publications Planet Lonely © MBK Sirocco Sky Bar Chao Phraya Express Chinatown Wat Phra Kaew Wat Pho (P171)

    © Lonely Planet Publications 101 BANGKOK BANGKOK Bangkok In recent years, Bangkok has broken away from its old image as a messy third-world capital to be voted by numerous metro-watchers as a top-tier global city. The sprawl and tropical humidity are still the city’s signature ambassadors, but so are gleaming shopping centres and an infectious energy of commerce and restrained mayhem. The veneer is an ultramodern backdrop of skyscraper canyons containing an untamed universe of diversions and excesses. The city is justly famous for debauchery, boasting at least four major red-light districts, as well as a club scene that has been revived post-coup. Meanwhile the urban populous is as cosmopolitan as any Western capital – guided by fashion, music and text messaging. But beside the 21st-century façade is a traditional village as devout and sacred as any remote corner of the country. This is the seat of Thai Buddhism and the monarchy, with the attendant splendid temples. Even the modern shopping centres adhere to the old folk ways with attached spirit shrines that receive daily devotions. Bangkok will cater to every indulgence, from all-night binges to shopping sprees, but it can also transport you into the old-fashioned world of Siam. Rise with daybreak to watch the monks on their alms route, hop aboard a long-tail boat into the canals that once fused the city, or forage for your meals from the numerous and lauded food stalls. HIGHLIGHTS Joining the adoring crowds at Thailand’s most famous temple, Wat Phra Kaew (p108) Escaping the tour
  • HYATT PLACE BANGKOK SUKHUMVIT 22/5 Sukhumvit 24, Khlong Tan, Khlong Toei, Bangkok, Thailand, 10110 T +66 2055 1234 F +66 2055 1235

    HYATT PLACE BANGKOK SUKHUMVIT 22/5 Sukhumvit 24, Khlong Tan, Khlong Toei, Bangkok, Thailand, 10110 T +66 2055 1234 F +66 2055 1235

    HYATT PLACE BANGKOK SUKHUMVIT 22/5 Sukhumvit 24, Khlong Tan, Khlong Toei, Bangkok, Thailand, 10110 T +66 2055 1234 F +66 2055 1235 [email protected] bangkoksukhumvit.place.hyatt.com Hyatt Place Bangkok Sukhumvit HOTEL FEATURES • Gallery Hosts available 24/7 • Free Wi-Fi everywhere • Free public computers and remote printing with high- speed Internet access in the Gallery • 24-hour Gym featuring cardio equipment with LCD touchscreens • Smoke-free hotel • Free parking • Outdoor pool • Odds & Ends offers a menu of must-have items for guests to buy, borrow or enjoy for free ROOMY ROOMS • 222 guestrooms • Hyatt Grand Bed® • 43” and 49” flat screen HDTV • Cozy Corner is the perfect place to sit back and relax (sofa sleeper in multiple guestrooms) • Mini-fridge • Coffee and tea-making facilities • KenetMD™ luxury skin and hair care amenities • Separate workspace • In-room safe • Iron and ironing board Hyatt Place Bangkok Sukhumvit bangkoksukhumvit.place.hyatt.com HYATT PLACE BANGKOK SUKHUMVIT 22/5 Sukhumvit 24, Khlong Tan, Khlong Toei, Bangkok, Thailand, 10110 T +66 2055 1234 F +66 2055 1235 [email protected] bangkoksukhumvit.place.hyatt.com 24/7 EAT & DRINK • The Gallery Kitchen Breakfast is free with your stay and always has plenty to choose from with hot breakfast items, fresh fruits and more Weekdays 6:30-10:30 a.m. Weekends 7:00-11:00 a.m. • Gallery Menu offers freshly prepared meals day or night • 24/7 Gallery Market offers perfectly packaged grab ‘n go items, from snacks and sandwiches to pastries and sweets • Coffee to Cocktails Bar offers specialty beverages and a variety of premium beers, wines & cocktails • AIRE BAR, rooftop bar, is a place where guests can sip on crafted cocktails amid spectacular skyline views MEETING ROOM DIMENSIONS With 114 square metres of flexible, modern function space; the boardrooms have top-notch audiovisual equipment; and free Wi-Fi everywhere.
  • Kanchanaburi

    Kanchanaburi

    Before you go Set up base in the heart of Bangkok for easy access to night markets, shopping malls and endless food options. Budget Hotel USD 30/night and below ● Folk Poshtel Asok USD 50/ night and below ● Aspira Sukhumvit ● The 93 Hotel USD 80/night and below ● Vince Hotel Pratunam ● Majestic Grande Hotel ● In Residence Bangkok Sukhumvit Before leaving the airport, be sure to pick up the following items. Item Location Klook DTAC Happy Tourist Pick up from Siam Center, BKK or DMK Airport. Super 4G SIM 8 Days Refer to product page for more information. BTS Skytrain Rabbit Card Pick up from Siam Center or BKK Airport. Refer to product page for more information. Bangkok Private Car Charter Your friendly Klook driver will be waiting for you in the Arrival Hall. Confirmation details will be sent via email a few days prior to arrival. Getting to Kanchanaburi Kanchanaburi is located just 2.5 hours away from Bangkok city centre. We highly recommend booking a day tour to Kanchanaburi with pick-up from Bangkok, or choose to customize your stay with a 1-2 day custom tour with pick-up and drop-off in Bangkok. DAY 1 OVERVIEW Time Activity How To Get There Arrive in Bangkok and collect 4G SIM Card and BTS Rabbit Card. 1100-1200 Head to hotel to drop off bags. Alternatively, you can use Klook’s luggage transfer service so you can get straight to the fun! 1200-1245 Use your BTS Rabbit Card and head to Michelin Take the BTS to National recommended Jeh O Chula for lunch.
  • Siam Paragon ,Emporium ,Gaysorn )

    Siam Paragon ,Emporium ,Gaysorn )

    Thai Shopping Center Market ! Premium Shopping Center 1,000,000 SQ.M ( Siam Paragon ,Emporium ,Gaysorn ) ! Siam Paragon 500,000 SQ.M ! Market share 50% of Premium Market Ideal Strategic Alliance A collaboration between two long-established and highly successful companies in the retail & real estate industry, Siam Piwat and The Mall Group Committed to the “Statement of Success” of the Siam Paragon Siam Piwat Co., Ltd. Is a leading retail real estate developer for over 30 years. Its successful projects include Siam Center, Siam Discovery Center, Siam Tower and Hotel Siam Intercontinental which for decades have been at the forefront of Thailand’s retail and hotel industry. The Mall Group Co., Ltd. Is a pioneer in Mega-All-In-One retailing industry. With the high level of success in developing The Mall and The Emporium Shopping Complex, The Mall Group Co., Ltd. Is a solely Thai- owned retail real estate developer with 10 branches in Thailand. “VISION” World-Class Shopping & Entertainment Phenomenon “MISSION” To Stimulate the economy and promote a strong confidence among foreign investors. Created as a national showpiece strategically in the capital, Siam Paragon effectively enhances Bangkok as a world-class destination for a supreme shopping and entertainment experience. Prime Location, right in the heart of Bangkok “SIAM PARAGON ” The Project takes as its inspiration a harmonious blend of excellence combination of global design concepts: Nature & Culture Fashion & Lifestyle Art & Technology Facilities Management Challenges Siam Paragon Shopping Complex is not only a Shopping Facility but “ Facilities within Facility ” With different Anchor Tenants like, Royal Paragon Hall, Paragon Cineplex, Paragon Department Store, Siam Ocean World and Shopping Complex which all activities are under the same roof, make it difference and challenging.
  • Shopping in Thailand

    Shopping in Thailand

    Siam International Legal Group | Thailand´s Largest Legal Network Service Shopping in Thailand Thailand, particularly Bangkok, is definitely a paradise for all shopaholics.The massive, modern, multi-storey shopping malls provide a myriad of choices for every budget and need. The only problem you must face is deciding where to go first because of the infinite shopping possibilities! But with a map and a dose of style-savvy, you are good to go! Thailand is renowned all over the world for its beautiful silk, jewelry and original exquisite handicrafts. It is also known for producing first-class fake goods. From the most luxurious to the cheapest—clothing, shoes, bags, apparels, jewelry, to branded luxury goods and even electronic devices such as mobile phones and laptop computers, you can find almost anything of your fancy here. In Bangkok, you can choose among a wide variety of Shopping malls and open-air markets. Like other big cities, shopping malls & department stores are places where you can but high quality products. Though there are also some shops and stalls in shopping centers where you can haggle for the discounted price, bargain hunters will be enjoying shopping in Thai markets for the most affordable goods. Shopping malls like Gaysorn, Siam Paragon, & Emporium are popular for tourists looking for international brands and world’s top quality designer wear. They are mostly open from 10am-10pm daily. These shopping centers are very accessible via (BTS), the city’s most efficient modern sky train. GAYSORN Business Hours: 10:00 - 20:00 Location: Ratchaprasong Junction BTS: Chitlom SIAM PARAGON Business Hours: 10:00 - 22:00 Location: Next to Siam Centre, Pathumwan BTS: Siam Tip: Tourist can apply for a ‘Tourist Discount Card’ on the information desk for a 5% discount on most purchases.
  • Investment Highlights Largest Shopping Mall for Clothing the Platinum Fashion Mall Is Considered As Thailand’S Biggest One-Stop Wholesale Shopping Centre for Clothing

    Investment Highlights Largest Shopping Mall for Clothing the Platinum Fashion Mall Is Considered As Thailand’S Biggest One-Stop Wholesale Shopping Centre for Clothing

    Thematic Research Thailand 2 October 2017 Retail, Hospitality, Healthcare And Property Stocks Covered: 21 Ratings (Buy/Neutral/Sell): 14 / 2 / 5 Bright Skies Ahead For The Fantastic Four Last 12m Earnings Revision Trend: Positive In the past decade, Thailand has gradually been moving away from Top Sector Picks Target Prices manufacturing, and focusing more on the service sector. As Thailand is Berli Jucker (BJC TB) THB59.50 best known for its retail shopping, tourism, hospitality and medical Bangkok Dusit Medical (BDMS TB) THB24.00 services, a dynamic and growing service sector can be a new, significant Minor International (MINT TB) THB47.00 growth engine that may help increase incomes and create more job Land and Houses (LH TB) THB11.70 opportunities. Government efforts to implement structural reforms to support companies in these industries can unleash the potential of the Table Of Contents service sector. OVERWEIGHT on the retail, hospitality, property sectors, and NEUTRAL on healthcare. Summary Of Sectors 2 Highlighted Stocks 3 Retailers looking for the light at the end of the tunnel. We remain upbeat on Sectors Thailand’s retail sector. Improving farming income and private investments may Retail 5 pass through to local consumption in the near term. Meanwhile, we expect Hospitality 12 consumer spending to perk up from 4Q17 onwards, and continue on to 2018. We Healthcare 19 anticipate retailers’ SSSG to improve gradually from a low base, supported by Property 28 positive changes in their merchandising mix to focus on high-margin products. In Company reports the long term, more retailers may venture abroad as part of their expansion Bangkok Dusit Medical 35 strategies, while retailers of staple goods may not be edged out by online trade Berli Jucker 43 Central Plaza Hotel 47 (while the opposite may be the case for retailers of discretionary items).
  • Strategies of Entrepreneurs to Maintain Clothing Customers in Thailand

    Strategies of Entrepreneurs to Maintain Clothing Customers in Thailand

    Revista Argentina de Clínica Psicológica 709 2020, Vol. XXIX, N°3, 709- 721 DOI:10.24205/03276716.2020.773 Strategies of Entrepreneurs to Maintain Clothing Customers in Thailand Montajula Suvattanadiloka Abstract Most Bangkok store managers who use Instagram, Line, Facebook look on the Internet to expand their customer base and sell more products. The aim of this study is to investigate the tactics of the Thai clothing shop owners towards the retention intent of the company. This study aims mainly to assess the effects of factors “communication with clients, customer attainment, given values to the customers, willingness to give discount, and perceived authenticity gap” on customer retainment intent of Thai clothing shop owners. Accordingly, this study employs a quantitative method by using questionnaires to obtain the data. The population in this study consisted of entrepreneurs who run clothing business in Thailand. A total of 400 volunteers are given the questionnaires to complete. The structural relationship among the study structures was evaluated using structural modeling (SEM) with AMOS 24.0 with the highest probability estimate. This study has discovered that the willingness to give discount which has statistically low positive relationship with customer retainment intent (r=.300**) can be in the attention of business owners to come up with supportive strategies rather than giving discounts to retain the customers commitment to repurchase from the clothing shop. Similarly, “perceived authenticity gap” which had statistically low positive relationship with customer retainment intent (r=.289**) might be concluded from the unfamiliarity of the shop owners with the concept and importance of perceived authenticity gap which can be investigated by the authors in the future.
  • BKKHR Fact Sheet

    BKKHR Fact Sheet

    HYATT REGENCY BANGKOK SUKHUMVIT 1 Sukhumvit Soi 13 Road, Klongtoey Nua, Bangkok 10110, Thailand T: +66 2 098 1234 F: +66 2 098 1235 E: [email protected] hyattregencybangkoksukhumvit.com ACCOMMODATION RECREATIONAL FACILITIES 273 guestrooms include 21 suites, 53 regency club rooms, • 24-hour fitness centre with LifeFitness facilities 5 regency club deluxe rooms, 29 deluxe rooms, 165 standard rooms. • Outdoor free-form pool with jetted tub & steam room All Accommodations Offer RESTAURANTS & BARS • 55-inch LED screen TV with cable channel & satellite programmes • The Lobby Lounge : A 47- seat social space features all-day light meals and • Coffee and tea making facilities snacks with selection of beverages including signature herbal drinks, • Separate bath tub and shower homemade soda, premium wine and beer. • Full bath amenities, bathrobe and hair dryer • Market Café : Thai restaurant offering international buffet breakfast and • In-room safe authentic Thai cuisine for lunch and dinner. The restaurant also features • Iron and ironboard Sukhumvit Gallery with its signature afternoon tea set. • JBL alarm clock • Spectrum Lounge and Bar : On level 29, a residential style event venue • Minibar during the day and live piano bar lounge serving international cuisines • Telephone with voicemail and IDD, DDD during the night. A vibrant rooftop bar on level 30 serves classic and • Complimentary wireless Internet access in guestrooms creative cocktails, together with bar snacks and high-energy music by • Pillow Menu international DJs.
  • AW Fact Sheet the Market Bangkok ENG

    AW Fact Sheet the Market Bangkok ENG

    EVERYDAY MARKET“ “ for EVERYONE’S LIFESTYLE The Newest Shopping Destination in The Market Bangkok Ratchaprasong Bangkok Downtown. The mall will not only gather merchandises exclusively from all well-known markets around Bangkok but will also harmoniously combine Thai market experiences through distinctive and remarkable architecture. Proudly presenting the legend of Bangkokian folkways, this unique and charming concept will definitely deliver visitors’ expectation and satisfaction of both local Thais and foreigners. The Market Bangkok will impeccably supplement Ratchaprasong to be one of the World Class Shopping Districts in no time. Project Information Developer The Platinum Market Co., Ltd. (A Member of The Platinum Group PLC.) Location Ratchadamri Road, Bangkok Accessibility 3 Main Roads : Ratchadamri, Petchaburi and Chitlom Pratunam Pier, Chitlom BTS Station, R-Walk Skywalk Gross Leasable Area Approx. 40,000 sq.m. Makkasan Airport Rail Link Station (300 m away) Parking Space Approx. 2,000 Cars Land Area Approx. 20 Rais Number of Floor 6 Floors (Shopping Center) Project Type Mixed-Use Development : Shopping Center, Merchandising Mix Food & Beverage Hotels and Oce Building Fashion & Accessories Target Tourists and Local Thais, Including Oce Workers, Students, Souvenir, Decorative items Friends and Family with Medium Class Income (B-C) Specialty Stores Gross Building Approx. 200,000 sq.m. Banks Area Wellness & Vitality Expected Completion Q4 of 2018 (Shopping Center) Time Location Map BAIYOKE SKY RATCHAPRAROP LEMONTEA INDRA SQUARE CENTARA WATERGATE NIKOM MAKKASAN RD. ASIA HOTEL WATERGATE PHETCHABURI RD. KRUNGTONG PAVILLION PLAZA RATCHATHEWI SHIBUYA BERKELEY AMARI PRATUNAM CITY WATERGATE VIE COMPLEX PALLADIUM TALAD NEON HOTEL THANACHART EVERGREEN THE PLATINUM BANK PANTIP PLAZA EXPRESSWAY PLACE FASHION MALL GRAND NOVOTEL MANHATTAN DIAMOND BANGKOK CHIDLOM PHETCHABURI RD.