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Siam Cement Group Retail expects sales to rise 25%

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SCG Retail Co Ltd, the building materials distribution arm of the Siam Cement Group, expects sales to rise 25% to reach 10 billion baht this year, thanks to a continuing growth in the residential sector, according to Krij Kulanet, managing director of SCG Network Management Co Ltd.

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The company, which distributes home improvement and building products for the country's top industrial conglomerate, forecasts 5% expansion in new residential units this year, helped by a return to growth in the economy, partly driven by the government's Thai Khem Khaeng infrastructure spending programme.

via SCG Retail riding property upturn.

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Fitch Ratings Expects Improvement of Thai Corporates’ Credit Outlook

Fitch said the outlook for the food retail sector in 2021 would remain stable as earnings rebound, while the outlook for the building material and power & utilities sectors to be stable in the coming years.

National News Bureau of Thailand

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