Thai retail leader Central Group to invest USD1.14b in 2015
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Thailand’s largest retail conglomerate, Central Group, plans to invest USD1.14 billion this year, expanding at home and in Southeast Asian neighbours by opening new malls to tap into cross-border trade and lining up acquisitions.
Controlled by Thailand’s richest family, the unlisted firm told reporters at a news conference on Monday it plans to accelerate revenue growth to 15 percent this year, to THB287 billion (USD8.8 billion), compared with 6.6 percent growth in 2014.
Central Group is among a group of major Thai companies looking to buy more international assets, especially in Vietnam, Indonesia and Malaysia.
Questions & Answers
Q.What is Central Group's planned investment for 2015?
What is Central Group's planned investment for 2015?
Central Group intends to invest USD1.14 billion this year. This capital will be used for expansion within Thailand and in neighbouring Southeast Asian countries, focusing on new mall openings and potential acquisitions.
Q.Which specific countries are Central Group targeting for international acquisitions?
Which specific countries are Central Group targeting for international acquisitions?
The retail conglomerate is looking to acquire more international assets, with a particular focus on Vietnam, Indonesia, and Malaysia. This strategy aligns with other major Thai companies' efforts to expand abroad.
Q.What is Central Group's revenue growth target for 2015?
What is Central Group's revenue growth target for 2015?
Central Group aims to accelerate its revenue growth to 15 percent this year, reaching THB287 billion (USD8.8 billion). This represents a significant increase from its 6.6 percent growth rate recorded in 2014.
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