Bangkok, 25 October 2022 – Frasers Property (Thailand) Public Company Limited (FPT), Thailand’s leading integrated real estate platform, has retained its “A” credit rating with a “Stable” outlook for the second consecutive year by TRIS Rating, reaffirming the company’s position as a ‘strategically important’ leader in the real estate sector under the Frasers Property brand, and showcases its capabilities to effectively navigate through challenges.
TRIS Rating recognizes that FPT is an important and stable subsidiary of Frasers Property Limited (FPL), which is listed on the Singapore Stock Exchange, and oversees real estate investments of “Frasers Property” in Thailand.
As a leading integrated real estate platform with multi-asset class expertise across residential, industrial and commercial, FPT was accredited with an “A” credit rating with a “Stable” outlook. Gross profit margin from the sale of residential properties is recovering, while the industrial business is projected to grow further. In addition, the commercial business is set to improve following the easing in global travel restrictions, enabling the hotel properties to strengthen their recovery. Adding to its office building portfolio, FPT recently launched a new mixed-use building, Silom Edge, which will strengthen the company’s growth.
TRIS Rating has assessed FPT’s liquidity as satisfactory for the next 12 months to efficiently undertake important projects in the respective sectors and explore strategic business opportunities to invest in going forward.
