The Latest Breaking News from Centel

Central Plaza Hotel Plc (Centel) saw strong net profit in the first quarter of this year, the highest level since the start of the pandemic, thanks to the positive impact of a significant increase in tourist arrivals.

Thai hospitality is globally recognised for its unique service standards, which have assisted many homegrown hotel companies in their international expansion over the past few decades.

RECAP: Asian equities fell yesterday in subdued activity after the Thanksgiving holiday in the US. Chinese shares led declines as investors weighed recent gains against an upswing in Covid-19 infections, which reached a new single-day high above 30,000 infections.

RECAP: Asian shares jumped yesterday as slowing US inflation and an easing of some Chinese Covid quarantine rules triggered a relief rally. The MSCI Asia Pacific Index climbed as much as 3.5%, on track for its best weekly gain since April 2020.

RECAP: Asian markets fell again yesterday and the dollar extended gains amid a global sell-off fuelled by growing recession fears as central banks around the world ramped up interest rates to fight decades-high inflation.

August was good to the Stock Exchange of Thailand with the index moving up 62.52 points, or 4% month-on-month, to close at 1,638.93 points. Average daily turnover improved significantly, climbing 21% to 70.7 billion baht, from only 58.3 billion in July.

We expect the SET Index to move higher in September. On the external front, we believe investors have digested the prospect of more rate hikes from the US Federal Reserve and thus expect a limited impact from the next upward move, given the hawkish signals sent recently by Fed chairman…

April typically is the weakest month for share trading activity given the large number of holidays and the low number of trading days. It's not surprising, then, that average trading turnover for the month was just 72 billion baht, down almost 20% from 89 billion baht in March.

Central Plaza Hotel Plc (Centel), the operator of Centara Hotels and Resorts and its food business, reported 3.7 billion baht in total revenue for the fourth quarter of 2021, an increase of 15% year-on-year.