Thailand had the strongest initial public offering (IPO) market in the region in 2015. Not only was a significant amount of new equity sold, but the issuers represented a good cross-section of the economy. In terms of deal flow and demand, 2016 is looking good as well. Despite the weak benchmark index in the face of political uncertainty and...
THE COMPANY: Srisawad Power 1979 (SAWAD) was established by the Kaewbootta family mainly to offer collateral-backed consumer loans. Moreover, it offers auto hire purchase loans for new motorcycles and non-collateralised personal loans. However, the firm is tending to lower its exposure to these...
THE COMPANY: SEAFCO was incorporated in 1974, with registered capital of BT3m ($90,300) (paid-up capital of BT1.5m, $45,150 ) and a par value of BT1000 ($30). The company focused on the construction of small-diameter bored piles. SEAFCO increased its capital to BT120m ($3.6m), and changed a par...
Foreign investors play an important role in the Thai capital markets, and their participation is highly valued. But their involvement is conditional due to restrictions on foreign investment. While these limits are likely to remain in place, the authorities in the country are making efforts to attract non-local money to the markets.
Small and medium-sized enterprises (SMEs) comprise a significant proportion of Thailand’s economic base and are critical for ongoing economic diversification, making SME financing a government priority. However, commercial SME lending in Thailand is expected to slow in 2016, as the ratio of non-performing loans (NPLs) rises against a backdrop...
Thailand’s banking sector remained resilient in 2015 despite challenging macroeconomic conditions, including slowing demand in China and high levels of consumer debt. Loan growth continued, despite moderating from the double-digit highs of previous years, and loan capital improved even as the non-performing loan (NPL) ratio rose. Operating...
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