MK restaurant IPO a success, 15 year high in new home registrations & rubber price falling so govt help on the way.
Mr Rit (right) and former prime minister Anand Panyarachun toast after trade begins Thursday. APICHART JINAKUL
IPO for MK restaurant chain successful
Shares of the suki (hot pot) restaurant chain operator MK Restaurant Group Plc (M) rose as much as 13.3% on their stock market debut on Thursday, indicating investors remain hungry for initial public offerings (IPOs).
The stock ended the day at 53 baht or 8.16% above its initial public offering (IPO) price which was set at the top end of its indicative price range of 45-49 baht apiece.
9.1 billion baht was raised from allocating 185.85 million shares to the public. This made the IPO the second largest IPO this year after BTS Group Holdings Plc (BTS) in April raised 62.5 billion on the sale of its infrastructure fund, the BTS Rail Mass Transit Growth Infrastructure Fund (BTSGIF).
MK has two main restaurant brands - MK and Yayoi - with 460 outlets in Thailand and 42 outlets in Japan, Singapore and Vietnam. The restaurant plans to open its first branches in Indonesia this quarter and the Philippines and Myanmar in the near future.
MK will use the IPO proceeds to build a central food-processing plant, expand additional outlets, and reserve some as working capital. [Read the rest of the article here].
B30bn from govt to help rubber industry
The government proposed a 30-billion-baht budget to shore up rubber prices and help the ailing rubber industry.
Affected by the slow global economy, the prices of unsmoked rubber sheets have tumbled to around 70-72 baht per kilogramme this week from 100 baht on average a year ago.
Under the rescue plan, 10 billion baht will be used to support small planters - those who operate on less than 10 rai - to improve output while using less farmland. Essentials such as better saplings will be provided.
There are about 900,000 small planters, accounting for 76% of all rubber planters in the country.
Part of the fund will go to compensating planters who chop down rubber trees older than 25 years and persuading them to plant other crops in line with the government's farm zoning.
Another five billion baht will go to the Bank for Agriculture and Agricultural Cooperatives (BAAC) to extend low-interest loans to farm cooperatives which manufacture high-value rubber products such as blocked rubber and compound rubber, instead of traditional raw rubber sheets.
The remaining 15 billion baht will be lent through commercial banks to companies investing in rubber-based products.
Earlier, the government spent 20.2 billion baht to buy 200,000 tonnes of rubber from planters to help absorb supply and push up domestic prices.
But the persistently weak market makes it difficult for the government to release the stockpile for fear of further depressing the market prices.
China is the major buyer of Thai rubber products, and as China's economy slows, rubber prices are affected. [Read the rest of the article here]
New homes hit record high
The number of newly registered housing units continue to skyrocket. A total of 125,000 new registrations are expected this year, a 15-year high.
Amid concerns about the high potential of a real estate glut, the Bank of Thailand recently cautioned housing developers to beware of oversupply, particularly of condominiums along skytrain routes, and potential mortgage defaults by homebuyers.
Lenders have also tightened their mortgage criteria by cutting loan-to-value ratios to prevent speculation in the wake of high household debt. But that has not yet cooled down the property market.
The numbers are being boosted mainly by the condominium sector. This is a result of the boom in new high-rise residential units in line with the mass transit expansion.
In the first half of this year, newly registered housing units in Greater Bangkok totalled 57,300, up by 7% year-on-year. Newly registered condo units numbered 31,500, down by 2% from the same period last year and 55% of the total number. But the number townhouses rose to 6,600 (11.5% of the total) and shophouses increased to 5,100 (8.9% of the total). [Read the rest of the article record" >here]
Learn from listening
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absorb: to deal with changes, effects, costs, etc, in this case to pay a higher cost yourself - รับเอา, รับไว้
accounting for: being -
ailing: ill and weak - ป่วยและอ่อนแรง
allocate: to officially give out an amount of or share of something - แบ่งส่วน
amid: at the same time as - ท่ามกลาง
base: to use an idea, a fact, a situation, etc. as the point from which something can be developed - วางรากฐาน
block: a solid piece of stone, wood, ice etc with straight sides - ท่อนหิน, ท่อนไม้, ก้อนใหญ่, ชิ้นใหญ่
boost: to increase - เพิ่ม
branch: an office or shop representing a large company or organisation in a particular area - สาขา
brand: a type of product made by a particular company - ตรา, ยี่ห้อ
budget: an amount of money able to be spent on something - งบประมาณ
caution: to warn; to tell someone about a danger or problem that they need to know about or avoid - เตือน
chain: a group of businesses (restaurants, hotels, etc.) owned by the same company - บริษัทต่างๆที่อยู่ในเครือเดียวกัน
chop: to cut something into pieces with a sharp tool such as a knife - สับ, หั่นเป็นชิ้นๆ, ตัดเป็นชิ้น
commercial bank: a bank with branches in many different places, that provides a range of services, especially related to bank accounts, loans and saving money, for people and businesses; the kind of bank that most people use - ธนาคารพาณิชย์, สถาบันการเงินที่มุ่งเน้นการรับฝากเงิน
compensate: to pay money to someone because something bad has happened to them - ชดเชย
compound: a substance formed by a chemical reaction of two or more elements in fixed amounts relative to each other - สารประกอบ, สิ่งที่เกิดจากส่วนประกอบสองส่วนขึ้นไป
concern: a worry - ความกังวล
cooperative: a business or farm owned and run by the people involved, with the profits shared by them - สมาคมสหกรณ์
criteria: a standard that is used for judging something or for making a decision about something - บรรทัดฐาน
crop: a plant grown for food, usually on a farm - พืชผล
debt: an amount of money that you owe - หนี้, นี้สิน
debut: to introduce a product or service to the public for the first time - วางตลาดหรือเปิดตัวสินค้า
default: failure to repay a debt - การไม่ยอมชำระหนี้ การผิดสัญญา
depress: reduce, decrease, make lower -
developer: real estate developer, a person or company that builds new "real estate developments" including buildings, houses, shopping centers, etc - นักพัฒนาที่ดิน
domestic: relating to a person's own country - ภายในประเทศ
essentials: basics; things that are necessary - สิ่งจำเป็น
expand: to make or become larger - ขยาย เพิ่ม
extend: to offer or give something to somebody - ให้กับ, มอบ...ให้...
food processing: the activity of taking raw materials (from agriculture such as meat and vegetables) and turning them into packaged food products that can be sold to restaurants and consumers -
fund: money provided for something - เงินทุน กองทุน
global: throughout the world - ทั่วโลก
glut: over-supply, when there is too much supply of a good on the market, the people who want to buy the good (demand) is much less than the amount of good available to buy in the market (supply) - ปริมาณมากเกินต้องการ, จำนวนเหลือเฟือ
high-rise: a building is very tall with many floors or levels - อาคาร ซึ่งมีหลายชั้น
household: a group of people, often a family, who live together - ครัวเรือน
in line with: similar to or corresponding with another thing - สอดคล้องกับ
in the wake of: happening after an event or as a result of it - สืบเนื่องมาจาก
indicate: to show that something is true, exists or will happen - แสดง, ให้สัญญาณ
indicative price range: a preliminary estimate of what the the bid and ask prices for a stock or security will be -
infrastructure: a set of systems within a place or organisation that affect how well it operates, e.g., the telephone and transport systems in a country or the system of train tracks that a railway uses - สาธารณูปโภค
initial public offering (IPO): the act of selling shares in a company for the first time - การเสนอขายหุ้นใหม่แก่ประชาชนทั่วไปเป็นครั้งแรก, ไอพีโอ
interest: the money that a bank or other financial company charges you when you borrow money, or the money it pays you when you keep money in an account - ดอกเบี้ย
investor: a person or organization that invests money, i.e., uses money with the aim of making a profit from it, for example by buying property or buying shares in a company - นักลงทุน
lender: someone or something that lends (allows to be borrowed) money, especially a large financial organization such as a bank - ผู้ให้ยืม,ผู้ให้กู้
loan: an amount of money that a person, business, or country borrows, especially from a bank - เงินกู้
manufacture: to make and produce a product - ผลิต
market price: a price determined by supply and demand and people buying goods in a market -
mortgage: a legal agreement in which you borrow money from a bank in order to buy a house, build something, develop a piece of land, etc - การจำนอง
on average: calculated by adding several amounts together, finding a total, and dividing the total by the number of amounts - โดยเฉลี่ย
operator: a person or company that runs a business - ผู้ดำเนินกิจการทางธุรกิจ, ผู้ประกอบธุรกิจ
outlet: a shop or place where a particular product is sold - ร้านขายสินค้าจากโรงงาน
persistent: continuing - อย่างต่อเนื่อง, เรื่อยไป, ติดต่อกัน, ตลอดเวลา
persuade: to make someone agree to do something by giving them reasons why they should - โน้มน้าวใจ เกลี้ยกล่อม
planter: a farmer who owns and runs a plantation where crops such as rubber, sugar, coffee, tea or cotton are grown - สวน, ไร่, นา, ฟาร์ม, พื้นที่เพาะปลูก
potential: possible in the future - ที่อาจเป็นไปได้
proceeds: money gained from some activity - รายได้
property: land owned by someone - ที่ดิน, อสังหาริมทรัพย์
proposed: suggested as an idea for a group to consider - ถูกเสนอ
raise (money): to collect money for something -
real estate: property - อสังหาริมทรัพย์
record: the best or most ever achieved - สถิติ
register: an official list of names of people who are allowed to do something, e.g., vote, study, stay in a hotel etc - ทะเบียน
registration: the process of recording names or information on an official list - การขึ้นทะเบียน, การลงทะเบียน
release: the act of making something available to the public - การนำออกแสดง, การออกวางจำหน่าย
rescue: saving a person or animal from a dangerous or unpleasant situation - การช่วยชีวิต
reserve: kept for use for something or someone - ที่จัดสรรไว้ สำรอง
residential area: a place where people live - เขตที่อยู่อาศัย
route: the roads, paths, waterways, etc., used to go from one place to another - เส้นทาง
rubber: a bouncy, elastic material used in car tires and waterproof gloves - กล้ายาง
saplings: young trees - ต้นอ่อน
share: any of the units of equal value into which a company is divided and sold to raise money. People who own shares receive part of the company's profits - หุ้น
sheet: a thin flat piece of paper, metal, plastic, glass etc - สิ่งที่เป็นแผ่นแบน (เช่น แผ่นกระดาษ, แผ่นเหล็ก, แผ่นแก้ว)
shore up: to help to support something, often that something that has problems or that is weak and in danger fo failing - ยัน, พยุง, เสริม
skyrocket: to increase very quickly - ลอยขึ้นสูงอย่างฉับพลัน
speculation: buying something so that when the price of the thing goes up you will make money - กักตุน, การเก็งกำ, การเก็งกำไรสินค้าของพ่อค้าทำให้เขาถูกต่อว่ามากมาย, การหมุนเงิน
stockpile: a large collection of things that may be needed - สิ่งที่เก็บสะสมไว้ คลังสินค้า
supply: an amount or quantity of something that is available to buy or use; use the amount of a good available in a market to buy - อุปทาน
traditional: things (buildings, clothes, music, customs, etc.) that have been part of a country or society for a long time - แบบดั้งเดิม, เป็นประเพณี
tumble: to fall down - ล้ม,ล้มลง,ตกลง,หกคะเมน
value: how much something is worth in money or other goods for which it can be exchanged - มูลค่า
working capital: the money and stocks of goods that are used to run a business from day to day, to pay employees and produce and sell more goods - เงินหมุนเวียน; เงินทุนหมุนเวียน; เงินทุนระยะสั้น
zoning: government control of land use, regulations that say certain areas can only be used in certain ways such as for homes (residential), businesses (commercial) or factories (industrial) -
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