Capital crush
published : 5 May 2021 at 04:00
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As the pandemic slogs into its second year, Thai companies are increasingly looking to capital markets as a source of funding during a time of unreliable investor sentiment.
The Thai initial public offering (IPO) market is expected to remain active for the next few years, grabbing a leading spot in Asean, spurred by a slow economic recovery that is forcing unlisted firms with low liquidity to seek working capital.
Businesses run by large families are now more interested in listing on the Stock Exchange of Thailand (SET) to raise funds for expansion and liquidity enhancement after suffering from the pandemic for over a year, said Anuwat Ruamsuke, managing director of Phatra Securities.
SET And SET Foundation Donate THB 5.8 Million To Help COVID-19-Ravaged People Date
05/05/2021
The Stock Exchange of Thailand (SET) and the SET Foundation have stepped up effort to those affected by the COVID-19 pandemic by donating THB 5.8 million (approx. USD 184,895) to
10 hospitals and public health organizations to purchase medical equipment and supplies.
, Pakorn Peetathawatchai, said that the new wave of COVID-19 has rapidly caused more new confirmed cases. According to the report by the Department of Disease Control as of April 30, 2021, April recorded 36,290
new cases or
more than a half of the country’s cumulated cases at 65,153 patients. The central and
Author: Nurluqman Suratman
2021/04/29 SINGAPORE (ICIS) Siam Cement Group is studying a potential restructuring of its chemical business, including the possibility of a public offering of its shares, the Thailand-based producer said late on Wednesday. This feasibility study for the restructuring is expected to be completed by the end of 2022, the company said in a filing to the Stock Exchange of Thailand. The restructuring is aimed at furthering growth opportunities in the chemicals business, such as a potential to further expand capacity in ASEAN , SCG said. SCG in the same statement said that it has signed a share purchase agreement on 27 April
Thu, 29th Apr 2021 17:33
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Checkit PLC - Cambridge-based workflow management firm - For the year ended January 31, pretax loss narrows to GBP5.3 million from GBP9.1 million the year before, as revenue grows year-on-year to GBP13.2 million from GBP9.8 million, driven by 46% growth in the annual recurring revenue run rate at GBP5.7 million from GBP3.9 million, due to new business and the conversion of healthcare contracts. Looking ahead, Checkit has made a strong start to the current financial year.
Thai AirAsia jets are parked at Don Mueang airport. (Photo by Seksan Rojjanametakun)
Asia Aviation (AAV), the largest shareholder of Thai AirAsia (TAA), is preparing to restructure its business after securing 3.15 billion baht from a new investor as it was unable to obtain a soft loan from the government.
Tassapon Bijleveld, executive chairman of AAV, said it is also planning to launch an initial public offering (IPO) for TAA as part of a corporate restructuring to stem the impact from the pandemic. We cannot wait for the government to allocate soft loans airlines requested a year ago. We hope the agreement with a new investor will help the airline preserve liquidity and maintain flight operations as usual when the aviation industry bounces back early next year, said Mr Tassapon.