Markets
SET forecasts IPO boom in 2013
The Stock Exchange of Thailand expects initial public offerings will reach a record high this year, with market capitalisation of newly listed companies surpassing 120 billion baht. Market capitalisation based on IPO prices of new companies and property funds listed on both the SET and the Market for Alternative Investment (MAI) last year amounted to 116 billion baht.
The Stock Exchange of Thailand expects initial public offerings will reach a record high this year, with market capitalisation of newly listed companies surpassing 120 billion baht. Market capitalisation based on IPO prices of new companies and property funds listed on both the SET and the Market for Alternative Investment (MAI) last year amounted to 116 billion baht.
Their market capitalisation swelled to 180 billion baht at the end of last year. Seven companies have submitted filings to stock regulators to launch their IPOs, while another 10 will likely apply for listing in April and May. “The window of opportunity for IPOs is opening up after being shuttered for many years. Last year was the first time in six years the capital market was free from political unrest and other domestic factors, dating back to the period of capital controls,”
said Chanitr Charnchainarong, head of issuings and listings and the MAI’s president. For the first two months this year, four companies with market capitalisation of 22 billion baht listed on the stock markets _ three on the MAI and one on the SET. The benchmark SET index closed up 0.65% yesterday at 1,559.35 points amid active trading of 60.5 billion baht. Read More
Markets
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.
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Investment
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.
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