22-04-2014, 02:05 PM
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22-04-2014, 02:36 PM
22-04-2014, 05:30 PM
23-04-2014, 02:04 PM
PUBLISHED APRIL 23, 2014
Thai IPOs will rebound on fund inflows: official
Bourse is seen exceeding target for initial share sales this year
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On a roll: The Stock Exchange of Thailand expects to add firms with a combined value of at least 220 billion baht to its main and second-tier boards, according to its head of the issuer and listing division. - PHOTO: BLOOMBERG
[BANGKOK] Thailand's stock exchange will exceed its target for initial share sales this year as foreign funds return, even as a political deadlock raises the risk of further street protests, an exchange official said.
South-east Asia's fourth-largest bourse by market value expects to add companies with a combined value of at least 220 billion baht (S$8.5 billion) to its main and second-tier boards, said Chanitr Charnchainarong, the head of the issuer and listing division.
Companies that sold shares in 2013 added a record 348 billion baht of market value at their IPO prices, he added.
The benchmark SET Index has rallied 8.8 per cent this year to a five-month high, the fourth-best performer in Asia after Indonesia, the Philippines and Vietnam, as an easing of political protests lures global funds to return.
Overseas investors bought a net US$309 million of Thai stocks this quarter through Monday, poised for the first inflow in five quarters, according to data compiled by Bloomberg.
"Companies have been fighting for my schedule to discuss their trading debuts over the next few months," Mr Chanitr said on Monday in an interview in Bangkok. "The return of overseas investors, higher share prices and calmer political environment have encouraged companies to revive their fund-raising plans."
Thai companies raised about US$5.7 billion through IPOs last year, a 245 per cent surge from 2012, data compiled by Bloomberg show. Infrastructure funds by BTS Group Holdings and True Corp helped boost equity offerings in 2013, according to the data.
Infrastructure funds and real estate investment trusts will account for most new listings this year, Mr Chanitr explained.
The SET Index trades at 13.4 times estimated earnings in 2014, the data compiled by Bloomberg show. That compares with multiples of 18.9 in the Philippines, 15.5 for Indonesia and 16.5 in Malaysia.
"There will be much more activity in Thai IPOs later this year, with foreigners showing renewed interest," Korawut Leenabanchong, the chief investment officer at UOB Asset Management (Thailand) Ltd, which oversees about US$6.8 billion of assets, said on Monday. "Most investors and companies also expect the political situation is unlikely to get any worse."
Thailand's Election Commission is scheduled to meet political parties to discuss plans to hold a new general election in June or July. A Feb 2 vote was annulled by the Constitutional Court after anti-government protesters disrupted candidate registration and blocked polling stations.
Global funds pulled US$3.8 billion from the country's stocks in the four months through Feb 28 as opposition groups clashed with security officials and occupied ministries in a bid to force caretaker Prime Minister Yingluck Shinawatra from office.
Ms Yingluck last month lifted a state of emergency after the demonstrators removed blockades at four main intersections in the capital. At least 25 people have been killed since protests began in late October, according to government data.
The Bank of Thailand last month cut its key interest rate to 2 per cent, the lowest since December 2010, and reduced its growth forecast for this year to 2.7 per cent from 3 per cent.
The central bank's monetary policy committee is scheduled to meet again today to set the key rate.
Thailand's markets have shown resilience in the past, bouncing back after protests in 2008 and 2010 and after record flooding in 2011, and the latest round of political unrest will eventually be resolved, according to Mr Chanitr.
"Most investors and companies are signalling they're more optimistic about the political situation and the economic outlook," he noted. - Bloomberg
Thai IPOs will rebound on fund inflows: official
Bourse is seen exceeding target for initial share sales this year
PRINT |EMAIL THIS ARTICLE
On a roll: The Stock Exchange of Thailand expects to add firms with a combined value of at least 220 billion baht to its main and second-tier boards, according to its head of the issuer and listing division. - PHOTO: BLOOMBERG
[BANGKOK] Thailand's stock exchange will exceed its target for initial share sales this year as foreign funds return, even as a political deadlock raises the risk of further street protests, an exchange official said.
South-east Asia's fourth-largest bourse by market value expects to add companies with a combined value of at least 220 billion baht (S$8.5 billion) to its main and second-tier boards, said Chanitr Charnchainarong, the head of the issuer and listing division.
Companies that sold shares in 2013 added a record 348 billion baht of market value at their IPO prices, he added.
The benchmark SET Index has rallied 8.8 per cent this year to a five-month high, the fourth-best performer in Asia after Indonesia, the Philippines and Vietnam, as an easing of political protests lures global funds to return.
Overseas investors bought a net US$309 million of Thai stocks this quarter through Monday, poised for the first inflow in five quarters, according to data compiled by Bloomberg.
"Companies have been fighting for my schedule to discuss their trading debuts over the next few months," Mr Chanitr said on Monday in an interview in Bangkok. "The return of overseas investors, higher share prices and calmer political environment have encouraged companies to revive their fund-raising plans."
Thai companies raised about US$5.7 billion through IPOs last year, a 245 per cent surge from 2012, data compiled by Bloomberg show. Infrastructure funds by BTS Group Holdings and True Corp helped boost equity offerings in 2013, according to the data.
Infrastructure funds and real estate investment trusts will account for most new listings this year, Mr Chanitr explained.
The SET Index trades at 13.4 times estimated earnings in 2014, the data compiled by Bloomberg show. That compares with multiples of 18.9 in the Philippines, 15.5 for Indonesia and 16.5 in Malaysia.
"There will be much more activity in Thai IPOs later this year, with foreigners showing renewed interest," Korawut Leenabanchong, the chief investment officer at UOB Asset Management (Thailand) Ltd, which oversees about US$6.8 billion of assets, said on Monday. "Most investors and companies also expect the political situation is unlikely to get any worse."
Thailand's Election Commission is scheduled to meet political parties to discuss plans to hold a new general election in June or July. A Feb 2 vote was annulled by the Constitutional Court after anti-government protesters disrupted candidate registration and blocked polling stations.
Global funds pulled US$3.8 billion from the country's stocks in the four months through Feb 28 as opposition groups clashed with security officials and occupied ministries in a bid to force caretaker Prime Minister Yingluck Shinawatra from office.
Ms Yingluck last month lifted a state of emergency after the demonstrators removed blockades at four main intersections in the capital. At least 25 people have been killed since protests began in late October, according to government data.
The Bank of Thailand last month cut its key interest rate to 2 per cent, the lowest since December 2010, and reduced its growth forecast for this year to 2.7 per cent from 3 per cent.
The central bank's monetary policy committee is scheduled to meet again today to set the key rate.
Thailand's markets have shown resilience in the past, bouncing back after protests in 2008 and 2010 and after record flooding in 2011, and the latest round of political unrest will eventually be resolved, according to Mr Chanitr.
"Most investors and companies are signalling they're more optimistic about the political situation and the economic outlook," he noted. - Bloomberg
23-04-2014, 02:34 PM
(23-04-2014, 02:04 PM)greengiraffe Wrote: [ -> ]PUBLISHED APRIL 23, 2014
Thai IPOs will rebound on fund inflows: official
Bourse is seen exceeding target for initial share sales this year
PRINT |EMAIL THIS ARTICLE
On a roll: The Stock Exchange of Thailand expects to add firms with a combined value of at least 220 billion baht to its main and second-tier boards, according to its head of the issuer and listing division. - PHOTO: BLOOMBERG
[BANGKOK] Thailand's stock exchange will exceed its target for initial share sales this year as foreign funds return, even as a political deadlock raises the risk of further street protests, an exchange official said.
South-east Asia's fourth-largest bourse by market value expects to add companies with a combined value of at least 220 billion baht (S$8.5 billion) to its main and second-tier boards, said Chanitr Charnchainarong, the head of the issuer and listing division.
Companies that sold shares in 2013 added a record 348 billion baht of market value at their IPO prices, he added.
The benchmark SET Index has rallied 8.8 per cent this year to a five-month high, the fourth-best performer in Asia after Indonesia, the Philippines and Vietnam, as an easing of political protests lures global funds to return.
Overseas investors bought a net US$309 million of Thai stocks this quarter through Monday, poised for the first inflow in five quarters, according to data compiled by Bloomberg.
"Companies have been fighting for my schedule to discuss their trading debuts over the next few months," Mr Chanitr said on Monday in an interview in Bangkok. "The return of overseas investors, higher share prices and calmer political environment have encouraged companies to revive their fund-raising plans."
Thai companies raised about US$5.7 billion through IPOs last year, a 245 per cent surge from 2012, data compiled by Bloomberg show. Infrastructure funds by BTS Group Holdings and True Corp helped boost equity offerings in 2013, according to the data.
Infrastructure funds and real estate investment trusts will account for most new listings this year, Mr Chanitr explained.
The SET Index trades at 13.4 times estimated earnings in 2014, the data compiled by Bloomberg show. That compares with multiples of 18.9 in the Philippines, 15.5 for Indonesia and 16.5 in Malaysia.
"There will be much more activity in Thai IPOs later this year, with foreigners showing renewed interest," Korawut Leenabanchong, the chief investment officer at UOB Asset Management (Thailand) Ltd, which oversees about US$6.8 billion of assets, said on Monday. "Most investors and companies also expect the political situation is unlikely to get any worse."
Thailand's Election Commission is scheduled to meet political parties to discuss plans to hold a new general election in June or July. A Feb 2 vote was annulled by the Constitutional Court after anti-government protesters disrupted candidate registration and blocked polling stations.
Global funds pulled US$3.8 billion from the country's stocks in the four months through Feb 28 as opposition groups clashed with security officials and occupied ministries in a bid to force caretaker Prime Minister Yingluck Shinawatra from office.
Ms Yingluck last month lifted a state of emergency after the demonstrators removed blockades at four main intersections in the capital. At least 25 people have been killed since protests began in late October, according to government data.
The Bank of Thailand last month cut its key interest rate to 2 per cent, the lowest since December 2010, and reduced its growth forecast for this year to 2.7 per cent from 3 per cent.
The central bank's monetary policy committee is scheduled to meet again today to set the key rate.
Thailand's markets have shown resilience in the past, bouncing back after protests in 2008 and 2010 and after record flooding in 2011, and the latest round of political unrest will eventually be resolved, according to Mr Chanitr.
"Most investors and companies are signalling they're more optimistic about the political situation and the economic outlook," he noted. - Bloomberg
China has been losing its appeal to Japan FDI. Japanese DFI has been active participant in Thailand bourse given the current political risk in China. I believe with Japanese backing, the thai market has got room of potential.
23-04-2014, 06:35 PM
Anyone knows how to check the latest sales of SKYwoods?
23-04-2014, 07:42 PM
(23-04-2014, 06:35 PM)desmondxyz Wrote: [ -> ]Anyone knows how to check the latest sales of SKYwoods?
Thanks to KBL from UE thread,
The skywood sales sold to date (March) 70 units / 420 Units, median PSF $1306.
Sold 5 units in March
Sold 3 units in Feb
Sold 3 units in Jan
23-04-2014, 08:16 PM
Only 1/6 sold so far. Is it considered slow?
I expect some price movement on:
1. KTIS debut on 28 April (next Monday)
2. KW releasing an update on this investment (anywhere between now till end May)
3. KW Q4 reporting at the end of May.
Link to SET. KTIS should under the Food & Beverage sector.
http://marketdata.set.or.th/mkt/sectorqu...ector=FOOD
Well if everything goes well, it should be fair to expect some rewards in next Q1.
(vested)
I expect some price movement on:
1. KTIS debut on 28 April (next Monday)
2. KW releasing an update on this investment (anywhere between now till end May)
3. KW Q4 reporting at the end of May.
Link to SET. KTIS should under the Food & Beverage sector.
http://marketdata.set.or.th/mkt/sectorqu...ector=FOOD
Well if everything goes well, it should be fair to expect some rewards in next Q1.
(vested)
23-04-2014, 08:33 PM
(23-04-2014, 07:42 PM)DP28 Wrote: [ -> ](23-04-2014, 06:35 PM)desmondxyz Wrote: [ -> ]Anyone knows how to check the latest sales of SKYwoods?
Thanks to KBL from UE thread,
The skywood sales sold to date (March) 70 units / 420 Units, median PSF $1306.
Sold 5 units in March
Sold 3 units in Feb
Sold 3 units in Jan
Where is the post? Is there any link to track the sale?
23-04-2014, 08:51 PM
(23-04-2014, 08:33 PM)desmondxyz Wrote: [ -> ](23-04-2014, 07:42 PM)DP28 Wrote: [ -> ](23-04-2014, 06:35 PM)desmondxyz Wrote: [ -> ]Anyone knows how to check the latest sales of SKYwoods?
Thanks to KBL from UE thread,
The skywood sales sold to date (March) 70 units / 420 Units, median PSF $1306.
Sold 5 units in March
Sold 3 units in Feb
Sold 3 units in Jan
Where is the post? Is there any link to track the sale?
https://www.ura.gov.sg/realEstateIIWeb/p...rch.action