Page 43 - Silom Complex Building News Today : Breaking News, Live Updates & Top Stories | Vimarsana

TRIS Rating affirms the company rating on Siamese Asset PLC (SA) at ?BB+? with a ?stable? rating outlook. The rating reflects SA?s evolving brand recognition in the condominium segment and improving capital structure after listing on the Stock Exchange of Thailand (SET) in December 2020. The ratings also take into consideration the company?s limited track record, product segment concentration, and the effects of the prolonged Coronavirus Disease 2019 (COVID-19) pandemic, which could lead to weakening demand for residential properties. KEY RATING CONSIDERATIONS Limited track record with evolvi...

TRIS Rating affirms the company rating on AP (Thailand) PLC (AP) and the ratings on its outstanding senior unsecured debentures at ?A-? with a ?stable? rating outlook. At the same time, TRIS Rating assigns the rating of ?A-? to AP?s proposed issue of up to THB1.5 billion in senior unsecured debentures and an additional greenshoe portion of up to THB0.5 billion due within four years. The company plans to use the proceeds from the debentures issuance to repay some of its existing loans and fund business expansion. The ratings reflect AP?s strong market position, its diverse product line, and st...

TRIS Rating affirms the company rating on Amata Corporation PLC (AMATA) and the ratings on AMATA?s senior unsecured debentures at ?A-?, with a ?stable? outlook. The ratings continue to reflect the company?s proven record as one of the leading industrial estate developers in Thailand. The company?s strengths are underpinned by its sizable base of recurring revenues from the sale of utility services and dividend income from its investments in several power plants. Nevertheless, the ratings are constrained by the company?s elevated leverage, coupled with the country and regulatory risks associat...

TRIS Rating affirms the company rating on DBS Vickers Securities (Thailand) Co., Ltd. (DBSVT) at ?AAA? with a ?stable? outlook. The rating mainly reflects the company?s status as a highly strategic subsidiary of the DBS Group whose main operating entity is DBS Bank Ltd. (rated ?AA-/Stable? by S&P Global Ratings). KEY RATING CONSIDERATIONS Highly strategic subsidiary of the DBS Group We consider DBSVT to be a highly strategic subsidiary of the DBS Group. DBSVT is a wholly owned subsidiary of DBS Vickers Securities Holding Pte (DBSVH), the Singapore-based securities arm of the DBS Group. The co...

TRIS Rating affirms the company rating on AAPICO Hitech PLC (AH) at ?BBB+?. At the same time, we revise the rating outlook to ?stable? from ?negative?. The change in the rating outlook reflects an expected recovery in the company?s operating performance, which will improve its earnings and financial leverage. The rating continues to reflect AH?s strong competitive position as a Tier-1 automotive parts manufacturer in Thailand, its solid core operations, and efficient cost control. These strengths are partially offset by the company?s rather thin profit margins, customer concentration risk, an...