CPN currently operates 14 shopping centers with a total lease area of 772,283 sqm with current high occupancy. Rental rates will be increased by 5% per annum for short-term contracts, which account for 53% of the total lease area. The newly opened projects are expected to have higher occupancy (Central Plaza Chaengwattana from 93% to 95% at the end of this year, Central Festival Pattaya from 89% to 95%, Central Plaza Chonburi from 83% to 92% and Chaengwattana office from 20% to 50%). The net profit is forecast to grow 3% this year to Bt2,248mn (Bt1.03/share) despite the economic slowdown, higher lease payments for Central Ladprao and greater depreciation charges based on the new projects launched.
Leave a reply
Thai Baht Weakness at 10 Month Low: Causes and Effects on the Struggling Economy
Thai Baht Weakness: Understanding the Decline and Economic Implications The Thai baht, Thailand's national currency, has been on a downward...
The Demographic Advantage: Why Southeast Asia’s Economic Future Looks Promising
Southeast Asia's economic future looks promising, largely due to its demographic advantage. With a young and dynamic workforce, a burgeoning middle class, and rapid urbanization, the region is poised for sustained growth and development in the coming years. Discover how these factors contribute to Southeast Asia's bright economic prospects.
Thailand Retirement Ranking Improving
To see the Thailand Retirement Ranking improving delighted the Thai Prime Minister Prayut Chan-o-cha said government spokesman Anucha Burapachaisri. In...
