New Market Research Report: Thailand Infrastructure Report Q4 2010

New Construction research report from Business Monitor International is now available from Fast Market Research
 
Sept. 20, 2010 - PRLog -- Despite the sensational scale of the government's clash with the United Front for Democracy Against Dictatorship (UDD), or the 'Red Shirts' as they are better-known, the Thai economy appears to have shrugged off the impact of the unrest within weeks. With the exception of those linked with the tourism sector, most industries - including the construction industry - have been largely unscathed by the April-June 2010 conflict on the face of it. Thailand's construction sector will follow the country's wider economy and exports, which have been growing strongly in recent months. The sector will have emerged from a two-year recession this year, after contracting by 5.35% in 2009 to THB244bn (US$7.12bn). BMI expects to see the sector grow by 1.17% in 2010 to THB253.7bn (US$7.65bn).

Recent developments include:

* Italian Thai Development, one of Thailand's biggest construction companies, has announced an optimistic outlook for 2010, expecting to return to net profit following two years of net loss. However, BMI notes that growing political risk in the country may yet jeopardise upcoming tenders that are crucial to Italian Thai's growth strategy.
* BMI is forecasting a return to growth in the country's construction industry, but believe the risks are firmly to the downside. Heightened political tensions over recent weeks may compromise the government's ability to tender projects, as the focus may shift to resolving political unrest especially if there is any upturn in conflict
* Other construction companies in Thailand share Italian Thai Development's confidence. CH. Karnchang, the second largest construction company in the country, has stated that it expects little fall out in terms of its ability to execute its order backlog, according to comments in the Bangkok Post. However, CH. Karnchang is buoyed by the fact that a number of the government contracts driving this confidence have already been approved by the government, and therefore work could move ahead as planned. The case is not the same for Italian Thai, which is relying on the government to award contracts. However, there are also threats to CH. Karnchang further down the line, as both it and Italian Thai may be hit by the government's ability to pay for work done, with payment delays a likely scenario.

In any case, BMI expects growth in the construction industry to trail economic growth going forward as construction makes up a slightly smaller proportion of total GDP year-on-year (y-o-y) over the forecast period. In 2005, the sector made up 3.06% of GDP, which we expect to fall to 2.62% in 2010. Post-2010, we anticipate that the government may have to rein in spending ambitions, given fiscal constraints. We therefore expect the construction sector's growth rate to accelerate only modestly beyond 2010, breaking 2% in 2013 as the sector grows to THB291.4bn (US$9.25bn). By 2014, we expect the industry to grow by 2.12% to THB305.8bn (US$10.03bn).

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/83405_thailand_infrastructure_...

Partial Table of Contents:

Executive Summary
SWOT Analysis
- Thailand Infrastructure SWOT
- Thailand Infrastructure Project Finance SWOT
- Thailand Economic SWOT
- Thailand Political SWOT
Market Overview
- Thailand
Industry Forecast Scenario
- Table: Economic And Construction Data
- Construction And Infrastructure Forecast Scenario
Transport Infrastructure
- Transport Infrastructure Overview
- Major Projects - New And Ongoing Projects
- Airports
- Roads
- Railways
- Major Projects Table - Transport
- Table: Major Infrastructure Projects - Transport
Energy And Utilities Infrastructure
- Energy And Utilities Infrastructure Overview
- Major Projects - New And Ongoing Projects
- Power Plants
- Major Projects Table - Energy And Utilities
- Table: Major Infrastructure Projects - Utilities
Business Environment
- Thailand Business Environment
- Rewards
- Risks
- Regional Overview
- Asia Pacific Infrastructure Business Environment Ratings
- Table: Asia Pacific Infrastructure Business Environment Ratings
Project Finance Ratings
- Thailand Project Finance Ratings
- Design And Construction
- Commissioning And Operating
- Overall Project Finance Rating
- Regional Overview
- Project Finance Ratings: Outlook For Asia Pacific
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
Macroeconomic Outlook
- Table: Thailand - Economic Activity
Political Outlook
- Domestic Politics
- Long-Term Political Outlook
Company Monitor
- CH Karnchang
- Siam Cement
- Italian-Thai Development Public Company
Global Overview
- Core Views
- BMI's Core Views For Infrastructure Sector
- Global Infrastructure Business Environment Ratings
- China And India Break Into Top 10
- Table: Global Infrastructure Business Environment Ratings, April 2010
Methodology
- Industry Forecasts
- Construction Industry
- Data Methodology
- Construction
- Capital Investment
- Construction Sector Employment
- Infrastructure Business Environment Rating
- Table: Infrastructure Business Environment Indicators
- Project Finance Ratings
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Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=8340...

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
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