In today’s briefing:
- Central Pattana: Thailand’s Largest Retail Property Developer to Ride on Domestic & Tourist Recovery
Central Pattana: Thailand’s Largest Retail Property Developer to Ride on Domestic & Tourist Recovery
- Central Pattana is Thailand’s largest retail property developer that operates its own ecosystem across retail, office, residential and hotel
- We think Central Pattana has maintained sound and solid capital management strategies to drive shareholders returns, including increasing dividend payout, de-leveraging as well as M&As
- The macro outlook for Thailand is mixed, but we think post-covid tourism is undergoing recovery and this will support CPN’s key operating businesses
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