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...
565 Views
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...
600 Views
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...
454 Views
The Week that Was in ASEAN@Smartkarma - Indonesian Mortgages, Thai Retail, and Philippines DIY
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
475 Views
Smartkarma Originals
Navigating the High Seas of ASEAN Retail - Introduction to a Series
In this series of Insights, insight providers Angus Mackintosh and Jessica Irene will summarize the biggest players in the ASEAN retail sector,...
926 Views