Thirteen small and mid-sized SET-listed companies are at risk of being next to default on bills of exchange (B/Es), a senior analyst at Bualuang Securities (BLS) warns. But he voiced confidence that the series of debt instrument defaults will not snowball into a financial crisis, as their combined issuance size is minimal. D/E is an indicator of the ability of shareholder equity to fulfil debt obligations to creditors. They are Nation Multimedia Group Plc (NMG), KC Property Plc (KC), Inter Far East Energy Corporation Plc (IFEC) and E For L Aim Plc (EFORL). But NMG has already serviced 50 million baht in debt from B/Es, while EFORL paid 200 million and IFEC paid the first batch of its 200-million-baht of defaulted B/Es, while another lot of 200 million baht in B/Es just went into default last week.

Source: Bangkok Post January 18, 2017 01:06 UTC