{"id":217939,"date":"2010-01-20T13:22:00","date_gmt":"2010-01-20T18:22:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:383919"},"modified":"2010-01-20T13:22:00","modified_gmt":"2010-01-20T18:22:00","slug":"stake-in-thailand-bank-good-opportunity-for-bank-of-nova-scotia","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/217939","title":{"rendered":"Stake in Thailand bank good opportunity for Bank of Nova Scotia"},"content":{"rendered":"<p>The rumoured sale of a 47% stake in Thailand-based Siam City Bank, is an opportunity that <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=BNS&amp;id=96978\" >Bank of Nova Scotia<\/a> should not pass up, says Blackmont Capital analyst Brad Smith.&nbsp;<\/p>\n<p>&quot;While not material from a consolidated bank perspective, the opportunity to have a front row seat in the formation of what could be Thailand&#39;s fifth largest bank sets BNS apart from its North American focused peers,&quot; said Mr. Smith in a note to clients. <\/p>\n<p>The analyst said the favoured bidder for Siam City is Thanachart Bank, which is 49% owned by Scotiabank, however other players are expected at the table, including Korea Development Bank. It is speculated that a winning bid will cost the purchaser roughly US$1-billion.<\/p>\n<p>Mr. Smith said a succesful bid would provide Bank of Nova Scotia earnings growth and regional diversification plus attractive risk adjusted returns on capital.<\/p>\n<p>&quot;Based on Thanchart Bank&#39;s nine month published results, BNS has earned an 11% annualized return on its invested capital which compares very favourably to negative to low single digit return levels achieved by its domestic peers on their US retail banking initiatives,&quot; he said.&nbsp;<\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett<\/a>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=383919\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rumoured sale of a 47% stake in Thailand-based Siam City Bank, is an opportunity that Bank of Nova Scotia should not pass up, says Blackmont Capital analyst Brad Smith.&nbsp; &quot;While not material from a consolidated bank perspective, the opportunity to have a front row seat in the formation of what could be Thailand&#39;s fifth [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-217939","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/217939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=217939"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/217939\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=217939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=217939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=217939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}