Just a handful of finance and securities companies in Thailand remain independent after a year in which foreign players have virtually taken over. “It still takes some time for acquirers to get their feet under the table, but change it will,” says Philip Adkins, research head at Seamico Securities, one of the few remaining independent brokers.
Some Thai sensibilities have been shaken but there is a general acceptance that the industry needs fresh capital, and it is in short supply domestically.
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