Rojana keeps muted outlook for next year

SET-listed Rojana Industrial Park Plc (ROJNA) expects flat sales of land next year as the weak economic outlook persists and curbs investment, says independent director Amara Charoengitwattanagun. She said land sales in 2017 will remain at 400-500 rai, below the target of 500-600 rai announced earlier this year. The global economy has not yet fully recovered and this will have an adverse impact on the Thai economy as well as investment, Mrs Amara said.
“The company expects next year’s land sales to be flat as we have not seen any positive signs to help improve the economy and investment in Thailand,” she said. “We cannot expect any rise in land sales and revenue. Rojana plans to review its investment budget and investment strategy next month.

Keep reading