Thai property firm Preuksa Real Estate PCL PS.BK forecast a 31 percent rise in 2009 revenue on Thursday, above analysts' expectations, and it plans 15 billion baht ($430 million) in new housing projects during the year.Thailand's second-largest property developer also planned a 1 billion baht ($28.6 million) bond issue later this month to help finance the projects along with cash and bank loans. "We aim for revenue of about 17 billion baht this year," President Thongma Vijitpongpun told reporters after the company posted estimated revenue of 13 billion baht for 2008. Broker Kim Eng Securities expects revenue of nearly 15 billion baht this year for the Bangkok-based developer, which builds and sells townhouses, single-detached homes and condominiums.
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