Sign up | Log in



Home  >>   Daily News  >>   Thailand  News  >>   Capital  >>   Thai IPO offers expected to be numerous
NEWS UPDATES Asean Affairs       06  January 2011

Thai IPO offers expected to be numerous

Related Stories

December 4, 2010
Thai tax breaks for MAI listing

October 27, 2010
Thai fund opens for Chinese stocks

October 14, 2010
Thailand's SET enjoys Best 3rd quarter

March 15, 2010
Thailand: Grenade attack raises tension as red-shirt protests

March 14, 2010
Thai finance minister woos Japanese investors as red-shirts issue ultimatum

The first six months of 2011 should continue to see an increase in initial public offerings (IPOs), financial advisers say.

Nimit Wongjariyakul, executive director of Capital Nomura Securities, said relatively high returns for new stocks were supporting investor optimism.

"Interest rates remain low while the local economy is growing strongly and the world economy is steadily recovering. Also, funds keep flowing into Asia and emerging markets," Mr. Nimit said.

Last year was a great year for IPOs, judging by the returns generated by 11 new stocks: seven on the small-cap Market for Alternative Investment and four on the Stock Exchange of Thailand.

Optimism will continue at least in the first six months of this year. For the latter half, he said politics might again pose a risk, as well as the state of the recovery of the global economy.

Sompop Sakpanpanom, chief executive of Asset Pro Management, agreed that the bright prospects of the IPO market would continue over the next three months, given the strong performance of the business sector and financial institutions.

Mespro (1989) Plc (MP), a turnkey construction company, has expressed its confidence in its IPO. It plans to float 80 million shares with a par value at 0.25 baht each.

The company has paid-up capital 60 million baht and once the shares are floated, its capital will be increased to 80 million baht. Its major shareholders are Somsak Thanakitwattana (35 percent), Prasitporn Viriyapraphun (35 percent) and Suriyan Areesinpitak (24 percent).

MP appointed Asset Pro Management as its financial adviser and Capital Nomura Securities as the underwriter. The IPO shares are expected to be sold next month and listed on the MAI in March.

MP recorded revenue of 358 million baht in 2009 and 132.62 million over the first nine months of last year.

Mr Somsak, who is also MP's managing director, said the company expected 2010 revenue to increase more than 200 million baht with a gross profit margin of 12% and a net margin of 5%. MP currently has a backlog of work worth 362 million baht.

APM plans investor road shows for MP in seven provinces in February.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    6  January 2011 Subsribe Now !
• Lake residents threaten China boycott
Subcribe: Asean Affairs Global Magazine
• Indonesia expects $145 Billion in non-petroleum exports Asean Affairs Premium
• Oil firms fined over collusion in Indonesia
• Philippine 2010 inflation on target
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Collecting taxes-a Philippine priority
• Thai IPO offers expected to be numerous
• Telecom takeover is cheap, except for debt
• Work begins on new Vietnamese hydro plant
Asean Analysis    6 January 2011 Advertise Your Brand
• Chinese presence in the Greater Mekong Sub-region Sponsor Our Events
Asean Stock Watch    6 January 2011
• ASEAN Markets will rally
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand