TRIS Rating affirms the company rating on AP (Thailand) PLC (AP) and the ratings on AP?s outstanding senior unsecured debentures at ?A-? with a ?stable? rating outlook. The ratings reflect AP?s strong market position, its large and diverse product line, and strong operating performance resulted from revenue growth in the housing segment and a substantial amount of shared profits under joint venture (JV) projects. The ratings also take into consideration its moderate financial leverage, and the prolonged Coronavirus Disease 2019 (COVID-19) pandemic, which could put more pressure on the demand for residential properties.
KEY RATING CONSIDERATIONS
Strong market position
CV preps 320m IPO shares
published : 13 May 2021 at 04:05 Saithsiri Saksitthisereekul, CEO of Clover Power Plc.
Clover Power Plc (CV), a one-stop renewable energy power plant developer, plans to issue 320 million shares in an initial public offering (IPO) to finance its business expansions, pay debts and increase working capital.
The company appointed Trinity Securities as its financial advisor for the distribution of IPO shares and the listing on the Stock Exchange of Thailand which is expected within this year.
According to CV, Trinity Securities has already filed documents for the IPO with the Securities and Exchange Commission on April 19.
CV has three core businesses including renewable energy and electricity distribution, engineering, procurement and construction (EPC) services, and other energy-related businesses including operation and maintenance services for its subsidiaries and other power plants.
By Cirium2021-05-12T03:22:00+01:00
Two major Thai airlines, Thai Airways International and Nok Air, are at different stages of putting together business reorganisation plans outlining how they will restructure their businesses under court protection and emerge stronger from the Covid-19 pandemic.
But a recent surge in virus cases in the Kingdom looks likely to scupper the country’s plans to reopen to tourists this year – something airlines had been banking on to lead them out of the downturn.
Moreover, a huge viral surge in India has put paid to hopes of being able to accept visitors from that key tourism market, while China’s conservative approach to reopening borders could largely seal off a second major tourism market for many months to come.
Tidlor share prices rally on market debut
Company will target low-income earners
published : 11 May 2021 at 05:31 Piyasak: Aiming for 15-20% growth
Shares of Ngern Tid Lor Co Ltd (Tidlor), a microcredit provider under Bank of Ayudhya (BAY), rallied 25.34% above its initial public offering (IPO) price of 36.50 baht, hitting 55.50 baht before closing at 45.75 baht on Monday, in its debut on the Stock Exchange of Thailand (SET).
After recording the biggest IPO of the finance and securities sector worth 38.089 billion baht, the company s market cap has now surpassed 124 billion baht with the opening price of 53.50 baht ranking as the third-largest market cap in the sector following Krungthai Card (KTC) and Muangthai Capital (MTC).