Bankers prepare for more Thai deal flow

PTT hires banks to study options for its retail arm while Jasmine Broadband is poised to launch an IPO next year.

Bankers are preparing for more deal flow out of Thailand next year as Thai companies make further acquisitions overseas, helped by cheap funding, and as the Thai stock market continues recovering.

Thailand has been in a protracted state of political flux and in May the Thai military staged a takeover in yet another coup. But this uncertainty has in part fuelled offshore acquisitions as many Thai tycoons seek to diversify away from their home market, where growth is limited.

Thai companies are outgrowing their domestic market, Xavier Jean, an analyst at SP told FinanceAsia. Money is very cheap so they are able to fund external operations at a very...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222