The Week That Was in ASEAN@Smartkarma - Bank Mandiri, Monde Nissin IPO, and Singapore's Free Press
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
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Ngern Tid Lor IPO Trading - Should Be a Steady Listing
Ngern Tid Lor (NTL), a financial service provider based in Thailand, raised around US$1bn in its Thailand IPO. Prior to listing, it was jointly...
440 Views
OSP: King of Energy Drinks in Thailand
We initiate coverage of OSP with a BUY rating, based on a target price of Bt43.0, which is derived from 35xPE’21E, close to the average of the...
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PTT Oil and Retail IPO Trading - Still Reasonably Priced at the Top-End
PTTOR raised about US$1.6bn at THB18 per share. In this note, we will look at the deal dynamics and provide implied valuations at different share...
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Kerry Express Thailand IPO Trading - Delivering a Christmas Present
Kerry Express Thailand (KEX TB) raised around US$277m in its IPO. Given its brand recognition, strong investor backing and sole way to play the e...
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