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Singapore keeps top spot in South-east Asia IPOs but Thailand, Philippine firms lead revival

Singapore keeps top spot in South-east Asia IPOs but Thailand, Philippine firms lead revival

10.10.2019

Singapore keeps top spot in South-east Asia IPO s but Thailand, Philippine firms lead revival

SINGAPORE (REUTERS) - Thailand and Philippine companies are leading a regional pick-up in initial public offerings ( IPO s), spurred by growing investor interest in firms focused on South-east Asian consumers.. Read more at straitstimes.com.

In the Philippines, AllHome became the third company to tap the local market in 2019, compared with just one IPO in 2018, and its shares debuted 1.04 per cent higher at 11.62 pesos on Thursday.

AllHome operates 27 stores and plans to at least double its selling space by end-2020.

"We expect Thailand to be one of the stronger IPO markets in 2020. Some more large IPOs have started preparations this year and are set to list next year," said Ho Cheun Hon, head of South-east Asia equity capital markets at Credit Suisse.

Bankers said the 2020 deal pipeline for Thailand included fundraising by a unit of the country's biggest retailer Central Group, a retail arm of oil company PTT Pcl and others.

"Thai institutions and retail investors are more focused at home... and there is a lot of capital looking for good investments," SCB executive vice-president Veena Lertnimitr said.

Read more: The Straits Times

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South Korea: Stocks rise over 1% on Samsung's profit outlook; trade talks eyed[SEOUL] South Korean shares climbed on Tuesday, boosted by Samsung Electronics after it forecast better-than-expected profit, easing fears over the country's exports, ahead of high-level Sino-US trade talks. Read more at The Business Times.

South Park creators issue mock apology over China censorshipBEIJING (AFP) - The creators of 'South Park' have issued a mock apology to China after censors scrubbed their popular animation from the Chinese web.. Read more at straitstimes.com. let's enjoy some South Park!

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Lack of talent is biggest gap in South-east Asia tech space: EDB executiveTHE biggest gap in South-east Asia’s startup scene lies in talent, said a top executive at Singapore’s Economic Development Board (EDB). Even as opportunities abound, the region lacks senior product managers and engineers partly because it does not have a history of building “brilliant” tech systems. Read more at The Business Times.

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