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ONGOING STORY – Raimon Register Huge 2nd Quarter Loss

Category: Real estate, Posted:16 Aug 2009 | 11:48 am

Earlier in the week you might have read our story on controlling shareholder IFA's efforts to stabilize Raimon Land by taking out a large shareholding along with buying down Lehman's investments in The River project. Despite an uplift in many Thai property firms Q2 figures Raimon has gone from a mid year profit of over THB 2 million to a loss in excess of THB 200 million in 2009.
Independent industry analysts have commented that margins for the SET listed firm remain highly volatile and poor control of sales expenses together with hedging on steel commodities thus raising development costs were key reasons. Debt to equity ratios have continued to push higher which are of considerable concern. Looks like IFA's work continues to be a monumental task in trying to regain share investor confidence for the moment.

Other News

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HOTELS’ GREAT DIVIDE Owning The Customer Or The Product?

Category: Hotels, Posted:29 Nov 2020 | 12:23 pm There is a great debate within the Covid-19 hotel space on where things are headed once the vaccine kicks in. Some say consolidation, others point to fragmentation, while the doomsday cults say the hotel industry will never be the same. To that point, minute by minute, nothing is really the same anyway so cut that […]
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Thailand’s Tourism Reopening Now Vaccine-Dependent

Category: Tourism, Posted:28 Nov 2020 | 11:45 am In a speech this week Thailand’s Prime Minster spoke clearly that only until a vaccine is approved, produced, and implemented would the country open to substantial tourism. Furthermore, that this was likely by mid-2021, though subject to advancement in a timeline if the process could be accelerated, which is unlikely. For tourism and hotel stakeholders, […]
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New Khao Lak And Phang Nga Report from C9 Hotelworks

Category: Tourism, Posted:24 Nov 2020 | 06:00 am While the country’s doors remain firmly shut to international tourists, Thailand’s domestic travel wanderlust has turned Khao Lak into an Instagram hero. In the first two months of this year according to research by consulting group C9 Hotelworks’ new Khao Lak Hotel Market Update occupancies soared above 80 percent. With the COVID-19 lockdowns occupancy plunged […]