GULF Energy IPO Review - Largest Power Plant Operator by Planned Capacity with Decent Upside
Gulf Energy Development Public Company Limited (GULF TB) is looking to raise about US$700m in its upcoming IPO. Proceeds raised will be used to...
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B.Grimm Power IPO: Quality Name but Upside Capped by Leverage
Thailand-based power plant player B.Grimm Power launched book building to raise up to US$348m to fund its expansion and pay down debt. At...
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WHAUP IPO:Â Valuation Reasonable, Peer Performance Implies Positive Momentum
After we covered the fundamentals of the WHA Utilities and Power (WHAUP TB), the company launched the book building last week. In this insight, we...
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Big Brother (Season Finale): Gaijins At the Gates
Even as Thailand courts FDI, one thing we found interesting is that the long term strategic holders usually ends up not in private hands abroad but...
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Big Brother (Ep. 4): The Invisible Power Company
EGAT is the state-owned power company that controls over half of the electricity generation capacity in Thailand as well as two of the country's...
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