While Thailand hosts a dynamic market for property funds (PF), new rules from the Securities and Exchange Commission (SEC) covering new trusts and funds in 2012-13 paved the way for the kingdom’s first infrastructure fund (IFF) in April 2013 and a series of real estate investment trusts (REITs) that are currently under consideration. Whereas PFs...
THE COMPANY: Thaicom (THCOM) was established in 1991 when it entered into a 30-year Domestic Communication Satellite Operating Agreement with the Ministry of Information and Communication Technology (MICT). Under the agreement, the company has the right to build, launch and operate satellites with a requirement to pay the MICT an agreed...
THE COMPANY: Established in 1989 and listed in the Stock Exchange of Thailand in 1993, Supalai (SPALI) is the sixth-largest property developer in Thailand in terms of presales (value of residential bookings). In 2013, 98% of SPALI’s BT12.6bn ($412m) revenue came from transfers of residential projects...
The Thai equity market has been influenced by political issues that emerged in the fourth quarter of 2013. At a price-to-earnings multiple of 13.3 times forward 2014 earnings, the Stock Exchange of Thailand (SET) remains relatively cheap, compared to its regional peers, and offers an attractive risk-reward profile. Assuming earnings growth of 14.6% for 2014, our target...
How is the SET ensuring diversification through funding instruments such as real estate investment trusts (REIT) and infrastructure funds?
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