Thai dealflow sputters under shadow of politics

Bankers in Thailand to see pockets of IPO and offshore acquisition activity while domestic investors to animate equity capital markets.

Thailand’s political volatility has long cast a pall on the ambitions of dealmakers and this year is unlikely to be much different. Bankers, nonetheless, expect pockets of activity, including initial public offerings and offshore acquisitions as Thai companies battling flagging growth at home are forced to look overseas.

Business has been flagging since the junta seized power through a military coup, toppling the Yingluck Shinawatra-led government in May last year. 

“The deal flow in the market has been suppressed because of the uncertainty over the new government and also because the economy hasn’t been strong and not many companies are expanding aggressively,” said a Bangkok-based banker...

¬ 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