Chinese investment, BOI push and strong exports lift Rojana
Chinese giants to invest 70bn baht in Thailand Four major Chinese tech and auto firms plan to invest 70 billion baht in Thailand, focusing on EVs and AI data centers. This boosts demand for industrial park space, directly benefiting Rojana as a landlord to manufacturers.
This is the main new demand driver for Rojana's industrial estate business.
BOI actively courting Chinese investment Thailand's Board of Investment is pushing to attract Xiaomi, Changan, Innolight and Eoptolink to expand in Thailand, supporting supply chains and increasing the chance of production relocations. This should lift demand for industrial estates like Rojana.
Government efforts to attract investment directly support Rojana's customer base.
Rojana expands into apartment rentals Rojana set up a new subsidiary, UP Residence Nong Yai, to enter the apartment rental business. This diversifies income and strengthens the business structure, a small but positive step for future earnings.
This is a new business move by the company that could add recurring income.
Strong exports and BOI digital push boost sentiment Thailand's exports grew 24.3% in August, and the BOI is promoting digital investment. Phillip Securities names Rojana among stocks benefiting from export growth and notes its standout first-half profit, supporting positive sentiment.
This reinforces the positive demand outlook and highlights Rojana's strong financial performance.