, Thailand

COVID-19 pushes Thai asset manager to the top

Bangkok Commercial Asset Management’s shares ballooned by 74% this year.

Thailand’s Bangkok Commercial Asset Management (BAM) has become the world’s top asset management firm amidst the coronavirus outbreak, Bloomberg reports.

BAM’s shares ballooned by 74% this year and delivered the highest total return in the period with a market value of at least $1b. Stock has nearly doubled since its December listing.

The firm was established to manage lenders’ bad debts that had been seized or shuttered by the central bank after the 1997 Asian financial crisis. In December, it sold 1.77 billion shares for $990m (BHT30.9b) in Thailand’s second-biggest IPO in 2019.

Here's more from Bloomberg

Photo courtesy of Pexels.com.
 

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!