Revisiting Mitr Phol Group: Erawan and Banpu
We visited three companies in the Mitr Phol Group, namely hotel chain Erawan, the and Thailand's largest coal producer Banpu. This is a quick...
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Dark Clouds Over Erawan
We recently visited Erawan and Global Green Chemicals (GGC TB) this week. Let's just say the companies are having a hard time even before the...
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Asset World Corporation IPO: Wrong Time & Steep Pricing
Asset World Corporation is a leading real estate business in Thailand and one of the largest real estate companies in the region. The company is...
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Banpu & Erawan: Tough Quarter for Mitr Phol Group
The Mitr Phol Group is Thailand's biggest sugar tycoon and 25th richest family according to  Forbes. Today, we met two of their most prominent...
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IPO Radar: Asset World Corporation (Part 2) - Valuation and Risks
For Thailand's potentially biggest IPO this year, relative valuation is less applicable than sum-of-parts, since multiples in hotel sector is many...
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