INDUSTRY: Amata Corp, the country's biggest industrial estate developer, forecasts that sales in 2008 may raise by 10% to 15% as foreign companies expand now that an new government has taken office.
"We are seeing more investments coming because political uncertainties have receded," said Viboon Kromadit, Amata's senior vice-president.
Mr Viboon estimated the company's 2007 sales would be close to its five billion baht target. The company will report its results to the Stock Exchange of Thailand later this month.
Amata also said yesterday that it expected list its Amata Vietnam subsidiary on the Ho Chi Minh City stock market in the first half of this year.
"It's likely to float shares in the first half. We will meet with its board in April and will decide the exact timing and the size of the IPO," Mr Viboon said.
Amata Vietnam is 60% owned by Amata and 30% by a Vietnamese state firm.
Amata shares closed yesterday on the Stock Exchange of Thailand at 16.90 baht, up 30 satang, in trade worth 53.27 million baht.BLOOMBERG
Source: Bangkok Post
Friday February 15, 2008