Investment banking departments in Thailand are working hard to ensure they can receive their bonuses at year end with 14 additional IPO’s still coming to the market.
- Anything from Asia plus always seems to perform well
- A company less than thb 5 bn in market cap size seems to perform well
- Hospitals – everyone loves it!
In the last quarter of 2015, nearly 14 companies have submitted the filing to launch their IPOs while one real estate investment trust (REIT) is in the waiting list. Some of these firms that are bullish on the stock market include Ladprao General Hospital, Raja Ferry Port and JAS Asset, who are scheduled to launch their IPO in the fourth quarter this year.
About 29 companies in Thailand have raised a total of 114.87 billion baht ($3.25 billion) till October, a sharp rise compared to total IPO value of 65.65 billion baht ($1.86 billion) from 36 firms in 2014.