Daily BriefsThailand

Daily Brief Thailand: I-Tail and more

In today’s briefing:

  • I-Tail Corporation IPO: The Bull Case

I-Tail Corporation IPO: The Bull Case

By Arun George

  • I-Tail (ITC TB), Thai Union Group (TU TB)’s pet care division, has started pre-marketing an up to US$600 million SET IPO, according to press reports.
  • I-Tail is one of the largest original equipment manufacturers (OEMs) for wet cat & dog food in Asia, according to Frost & Sullivan.
  • The key elements of the bull case rest on strong top-line growth, market share gains, ambitious growth plans and the highest margin profile among peers.

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