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Industry Outlook Analysis

5 Aug 2020

Services

Food delivery businesses set to expand due to intensifying competition post-COVID-19; while big operators set sight on shaping their platforms into ‘Super Applications’ (Current Issue No.3128))

The COVID-19 pandemic and resulting stringent countermeasures issued by the Thai government have resulted in temporary closures and limited business operations. Restaurant business, in particular, was for a time left with two options: takeaway and food delivery via mobile application, which has now ... Read more

26 May 2020

Services

E-commerce market value to stall at 8-10 percent growth as ‘New Normal’ ushers in a more competitive environment (Current Issue No.3112)

KResearch views that, while the ‘New Normal’ has helped to stimulate growth for online retail stores, retailers still face ever more fierce competition, especially foreign E-Market place operators, which are expected to be the most affected group and subjected to heightened competition. Since the on... Read more

30 Apr 2020

Services

2020 Retail Business to Shrink 5-8% … Entrepreneurs Face More Challenges Post COVID-19 (Current Issue No.3102)

KResearch views that the government’s plans to gradually ease lockdown measures, including allowing small retail stores to reopen on May 3, 2020 and large retail stores on June 1, 2020 represent positive signs and offer an opportunity for retail businesses to generate earnings again via their premis... Read more

16 Apr 2020

Services

Effects of COVID-19 pandemic on businesses with on-demand services… Net worth for 2020 expected to reach THB 142 billion (Current Issue No.3099)

Continuous technological development and the increasingly prominent role of smart phones in consumers’ daily lives have impelled businesses across the service industry to elevate their services to meet consumers’ demands in a prompt, anytime-anywhere manner, through multiple platforms whether they a... Read more

30 Mar 2020

Services

Retail and Restaurant Businesses: Focus on Online Channel Needed amid COVID-19 Outbreak (Current Issue No.3093)

Retail and restaurant businesses will continue to face challenges ahead as steady increases in the number of COVID-19 infections in Thailand have prompted the government to introduce a number of measures, including a temporary closure of certain venues and declaration of a state of emergency, to cur... Read more

9 Mar 2020

Services

Restaurant Business, 2020: Turnover to Decline by THB26.5-36.5 billion due to COVID-19 Fears (Current Issue No.3090)

The coronavirus (COVID-19) epidemic has had a broad impact on many industries. One of the major casualties is the restaurant business because the slowdown in the number of international tourist arrivals to Thailand has adversely affected food and beverage spending, which accounts for roughly 15 perc... Read more

5 Mar 2020

Services

COVID-19 and Sagging Purchasing Power Threaten Thai Retail Market…2020 Turnover Projected to Contract 0.8-2.2% (Current Issue No.3089

We at KResearch view that turnover in the Thai retail market may report a sharp contraction during 1H20 due to a number of factors. These include risk stemming from the COVID-19 outbreak, which is expected to persist during 1H20, and continuing weakness seen in domestic purchasing power resulting fr... Read more

2 Jan 2020

Services

In 2020, restaurant business braces for challenges amid changing forms of competition as the industry is expected to reach THB437– 441 billion (Current Issue No.3067)

The restaurant business is one of the most important to the country’s service sector and economy with small and big operators involved and the turnover exceeding 400 billion Baht, representing 4.7 percent of the gross domestic product (GDP) of the service sector.... Read more

27 Dec 2019

Services

Private Hospitals, 2020: Profit Pressured by Numerous Factors…Income Generated from Non-Hospital Businesses Needed (Current Issue No.3066)

We at KResearch expect that net profit of Thai private hospitals (listed on the Stock Exchange of Thailand) will grow 3-6 percent in 2020, declining from the 6-9 percent pace projected for 2019. Private hospitals targeting high- to medium-income patients, in particular, will likely see their profit ... Read more

28 Nov 2019

Services

Emergence of E-Fulfillment Centers to Transform Thai Warehouse Business Amid Thriving E-Commerce (Current Issue No.3058)

Currently, e-marketplace has begun to increase investment in e- fulfillment centers because e-fulfillment is the key to their business; i.e., it can help create the most satisfying service experience to customers, leading to repeat purchases and bolster sales other than just a product delivery servi... Read more

11 Nov 2019

Services

Thailand Will Become an Aged Society in 2022 at the Earliest Amid Business Opportunities and Challenges in Terms of Income (Current Issue No.3053)

The rapid aging of population is being seen in many developing countries, while most advanced nations have become full-fledged aging societies. Thailand has been an aging society since 2005 and is expected to become an aged society in 2022 or three years at the earliest. Currently, about 6-8 provinc... Read more

8 Nov 2019

Services

E Logistics Marketplace: Opportunity for Thai carriers amid intensifying competition in the digital era (Current Issue No.3051)

Over the past five years, Thai companies offering road transport services have faced fiercer competition due to an expansion of international logistics giants in Thailand. In the past, these international logistics giants used to focus on serving export oriented industrial manufacturers. Recently... Read more

8 Nov 2019

Services

Retail Trade, 2020: Growing 2.8%...Weak Purchasing Power Continues to Dampen Business (Current Issue No.3052)

As subdued consumer purchasing power continues to pressure the retail business, we at KResearch expect that retail sales will grow approximately 2.7-3.0 percent YoY in 2020, against the 3.1 percent pace projected for 2019. Traditional retail stores and hypermarkets, focusing on grassroots and low-to... Read more

24 Sep 2019

Services

Turnover in Last-mile Delivery Business May Reach THB36 Billion in 2020 amid Challenges (Current Issue No.3033)

We at KResearch expect that the last-mile delivery business will grow steadily at 11.0 percent p.a. over the next 2-3 years. Its turnover is projected to reach approximately THB36-37 billion in 2020, supported chiefly by steady growth in the e-commerce business in terms of the number of online shopp... Read more