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Hi Zogel100,
There are 2 reasons why I think they didn't list in Thailand.
- Thailand being a Buddhist country, so not to good to list a beer company there.
- Thai market has been underperforming S'pore due to the political situation there. So they think their shares will do better here.
super large IPO and grey market for this counter is negative. advice is for all of you not to subscribe.
IPO rather big & not easily digested. With the current downtrend, I would rather avoid this one. Any different views ?
I think should avoid.
Considering the reasons why they werent listing on thai exchange and how much money is used to expand coupled with recent sentiments... Im ignoring this IPO to be safe..
Not much of growth upside in Thailand. But if they expand overseas, it's a different story.
well, they operate in a market that has not much of growth upside left and also their growth has been stagnant for a while....those two factors coupled with the fact that this IPO is quite large and potentially won't see the same level of the interest as the china stocks we have seen of late...I am going to guess, the price for this IPO will drop.
what do you think on the Thaibev that is under IPO?