Rescue for Thailand's banks may offer share gains
Article Abstract:
Contrarians believe the impending bank-rescue plan of the Thai government will raise shareholder value, including the shares of Bangkok Bank and Thai Farmers Bank, which both suffered a drop during the Aug. 10, 1998, trading. According to a banking analyst, under the current market conditions, the government's bank-rescue plan will certainly enhance shareholder value and not reduce it as what some investors believe. The government's plan will likely recapitalization the banks without downgrading the stakes of holders, according to Kenneth Ng, banking analyst at ING Baring Securities in Bangkok, Thailand.
Comment:
Thailand: Contrarians believe impending bank-rescue plan of govt will raise shareholder value
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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KTT may face a rising bad-loan burden: investors fear deal struck with Central Bank will weaken Thai lender
Article Abstract:
Investors are worried that Krungthai Thanakit Finance & Securities' (KTT) deal with the The Bank of Thailand, that would give KTT a commercial bank license, will undermine the company. Under the deal, KTT will assume all of the assets and liabilities of the seven companies that KTT has to merge with. Many analysts suspect the deal includes a substantial portion of nonperforming loans.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Comment about this article or add new information about this topic:
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