Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

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Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Credit

<ul>
<li>
<a href="https://www.smartkarma.com/entities/stark-corporation-public-company-limited" target="_blank" data-smartkarma-citation="entities:6337:1" rel="noopener">STARK Corporation (STARK TB) </a>(Stark) defaulted on its interest payments on 2-June, leading to a default event.</li>
<li>Stark’s default has exposed the structural weakness in the Thai bond market which is worth discussion.</li>
<li>We do not believe there is a reasonable basis for calculating the bond recovery value at this juncture.</li>
</ul>



STARK Corporation (STARK TB) (Stark) defaulted on its interest payments on 2-June, leading to a default event.
Stark’s default has exposed the structural weakness in the Thai bond market which is worth discussion.
We do not believe there is a reasonable basis for calculating the bond recovery value at this juncture.


Stark Corporation: Not the Guy from the Movie