SC Asset to move away from property as market stagnates

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The story "SC Asset to move away from property as market stagnates" was covered 22 hours ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post 22h ago

SC Asset to move away from property as market stagnates - Bangkok Post

Quick Summary:

SET-listed developer SC Asset Corporation plans to rebrand and diversify into non-property businesses next year, as the housing development sector continues to slow down and may take a few more years to return to normal.

It also plans to rebrand with a new logo in the second half of this year to appeal to a broader range of consumers.

It aims to increase its earnings before interest, taxes, depreciation and amortisation (Ebitda) from recurring-income businesses from 20% to 25% of total revenue over the next few years.