Thailand’s SCBAM launches $278.8m Health Care Equity Fund

Visual from the SCBAM website, August 2015

SCB Asset Management Co (SCBAM), an affiliate of Siam commercial Bank, has launched a health care fund, with a total value of at 10 billion baht ($278.8 million), the units of this would be be on offer from 25-31 August 2015, said the company president, Smith Banomyong.

SCB Global Health Care (SCBGHC) fund will be investing in the global health care companies, and could be modeled on other similar funds in the same sector. “The ageing group will spend the money for take care of their health. They will spend an average of three times more when compared to other groups. Also new innovation and technology in the industry will help companies increase sale revenue growth,” he said.
According to the company website, SCBAM was established on March 18, 1992 and is an affiliate of Siam Commercial Bank, which is Thailand’s third-largest lender and is licensed by the Finance Ministry to manage mutual funds, provident funds, and private funds.

The company’s net asset value under its management has gradually increased and reached 1,041,349 Million Baht as of July 31, 2015.

“The health care stocks have been defensive stocks. During the past five years the health care index yield has been higher than the stock share index. In 2011 the MSCI Health Care Index had yield at 9.5 per cent while the MSCI World Index had yield at -5.5 per cent” he said.

“The Healthcare stock had growth of earning per share stock (EPS), compared with P/E Ratio (in July 2015) at 18.78 times but it‘s not high if compared with an average in a past 20 years at 18.25 times,” he added.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.