Snippets #34: Tesco in Play, CRC's Indicative IPO Pricing
Five interesting news/developments that influence Thai equities and came across our radar screen recently: PTTOR and CENTEL form a toehold joint...
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Reality Check XXII: How Might the Central-Robinson Trade Pan Out?
Unless you work in a giant fund, chances are you won't get allocations for the super-sized IPO of the decade like CRC. Our plan is to invest in...
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IPO Radar: CRC (Part 2), Valuation and Risks
Primarily, we value CRC at Bt58/sh, implying a fair swap ratio of 1.15 CRC share to each ROBINS share. Our alternate valuation based on EV/EBITDA...
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IPO Radar: CRC (Part I), Thai Department Store Behemoth
Central Retail Corp (CRC) looks set to steal the IPO crown from either AWC (if set in 2019) or PTTOR (if set in 2020). In this review, we explore...
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Reality Check XIX: Is There Some Upside to ROBINS in a Central Dept Backdoor Listing?
In this review, we try to answer questions from a friend in the banking industry regarding whether there is room to do a backdoor listing of...
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