Thai blue chips keen on overseas M&A, says top broker
High liquidity and positive expectations of future cash flows will encourage larger companies in the country to acquire abroad next year says head of research at Thanachart Securities, Pimpaka Nichgaroon. The stock market is also in for a good year.
Several of Thailand’s largest cash-rich corporate look likely to conduct more outbound acquisitions in 2011, according to Pimpaka Nichgaroon, head of research at Thanachart Securities, voted best domestic brokerage in Asiamoney’s Brokers Poll.
“These major companies will continue to look for opportunities [abroad], they have so much liquidity and
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