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Thai Companies: Listing in Hong Kong to Finance Expansion beyond ASEAN

2022-10-28 12:00:00 · HKTDC · David Sit

Most Thai companies rely on the domestic capital markets for funding. Many Thai companies need funding to finance their domestic and regional expansion in ASEAN.

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Thai Companies: Listing in Hong Kong to Finance Expansion beyond ASEAN

Key takeaways

Most Thai companies rely on the domestic capital markets for funding. Currently, six Thai companies are listed overseas[1], with one being listed on the Hong Kong Stock Exchange (HKEX).
Many Thai companies need funding to finance their domestic and regional expansion in ASEAN. Local fund raising is supported by government tax incentives. That may explain why the Stock Exchange of Thailand (SET) has maintained a leading position for IPOs in ASEAN over the past few years.
There are increasing requirements for Thai companies to fund their expansion beyond ASEAN. With Regional Comprehensive Economic Partnership (RCEP) coming into force in January 2022, Hong Kong, as a leading international financial centre in the region, can provide a wider reach to international and Mainland investors, who are showing a growing interest in investing in the ASEAN region.
More than 90% of the 788 companies currently listed on SET meet the minimum market capitalisation requirement of listing on the GEM of HKEX, and around one-fourth of the 788 companies even meet the capital requirement of listing on the Main Board of HKEX[2].Thai companies operating in consumer businesses and services, financial services and the REIT sector are seen as the best potential candidates to leverage on the Hong Kong financial platform.
Hong Kong’s newly launched SPAC listing regime, which provides a new and attractive route for listing, is a good fit for high growth pre-revenue IT and high-tech Thai companies.
While Hong Kong is perceived as a prestige listing venue, more active outreach would help increase awareness amongst Thai companies to encourage them to use Hong Kong as a financial platform to tap the new opportunities.

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Thai Companies: Listing in Hong Kong to Finance Expansion beyond ASEAN

UDF-Space · David Sit

2Years Ago

Most Thai companies rely on the domestic capital markets for funding. Many Thai companies need funding to finance their domestic and regional expansion in ASEAN.

Download the file ↓

Thai Companies: Listing in Hong Kong to Finance Expansion beyond ASEAN

Key takeaways

Most Thai companies rely on the domestic capital markets for funding. Currently, six Thai companies are listed overseas[1], with one being listed on the Hong Kong Stock Exchange (HKEX).
Many Thai companies need funding to finance their domestic and regional expansion in ASEAN. Local fund raising is supported by government tax incentives. That may explain why the Stock Exchange of Thailand (SET) has maintained a leading position for IPOs in ASEAN over the past few years.
There are increasing requirements for Thai companies to fund their expansion beyond ASEAN. With Regional Comprehensive Economic Partnership (RCEP) coming into force in January 2022, Hong Kong, as a leading international financial centre in the region, can provide a wider reach to international and Mainland investors, who are showing a growing interest in investing in the ASEAN region.
More than 90% of the 788 companies currently listed on SET meet the minimum market capitalisation requirement of listing on the GEM of HKEX, and around one-fourth of the 788 companies even meet the capital requirement of listing on the Main Board of HKEX[2].Thai companies operating in consumer businesses and services, financial services and the REIT sector are seen as the best potential candidates to leverage on the Hong Kong financial platform.
Hong Kong’s newly launched SPAC listing regime, which provides a new and attractive route for listing, is a good fit for high growth pre-revenue IT and high-tech Thai companies.
While Hong Kong is perceived as a prestige listing venue, more active outreach would help increase awareness amongst Thai companies to encourage them to use Hong Kong as a financial platform to tap the new opportunities.