อ่านแล้วสงสารพี่วิพล CEO ใหม่จับใจเลยครับ
เหมือนเจ้าเมืองจ้างอัศวินหนุ่มมาคุมกองทัพ เพราะหลายอาณาจักรแบ่งแยกแคว้น แต่เจ้าเมืองกลับไปยื่นหอก ปืนใหญ่ ให้ศัตรูอันดับหนึ่ง แลกกับความอยู่รอดและทรัพย์สินส่วนตัวของเจ้าเมือง
55555+ ติดซีรีย์ส์ฮะ
For a longer-term solution, we believe BLA should focus its efforts on developing sizable open-architecture/exclusive bancassurance agent deals with mid-sized banks. Currently, BAY might be the only choice for BLA as TMB and FWD renewed a 15 year first-right agreement in early 2017 whilst TCAP and Prudential signed an exclusive, 15-year agreement in 2012. From figure 6-7, Nippon Life owns 24.2% in BLA and 1.35% in MUFG. Currently BLA has partnerships with Nippon Life Insurance, Swiss Life Network, and Mitsui Life Insurance on corporate group insurance. Hence, in the short to medium term, we believe BLA could negotiate with BAY for deals on businesses which do not overlap with AZAY.
From figure 5, it seems that AZAY is not particularly strong in bancassurance products. Since MUFG became a major shareholder a couple years ago, BAY has aggressively gained local Thai corporate business within the Japanese business supply chain and retail housing business. As Japan continues to signal its commitment to investment in Thailand (especially in the auto industry) and could be a major FDI investor in Thailand’s public infrastructure and Eastern Economic Corridor (EEC) projects, MUFG might look to further consolidate all Japanese-related businesses in Thailand into BAY. Hence, in the long-term, BAY may consider acquiring BLA should it see scope for business synergy with MUFG’s long-term business plan. At the same time, BAY may not be interested in using BLA as an exclusive bancassurance partner as BLA/Nippon Life’s strength is in the Thailand/Asia business market whilst AZAY could offer synergy for the European-related business market
บมวิเคราะห์ทิสโก้ BLA อาจต้องไปขาย bancassurance ที่ธ.กรุงศรี เพราะ Partner คือญี่ปุ่นเหมือนกัน....โอววว
เหมือนเจ้าเมืองจ้างอัศวินหนุ่มมาคุมกองทัพ เพราะหลายอาณาจักรแบ่งแยกแคว้น แต่เจ้าเมืองกลับไปยื่นหอก ปืนใหญ่ ให้ศัตรูอันดับหนึ่ง แลกกับความอยู่รอดและทรัพย์สินส่วนตัวของเจ้าเมือง
55555+ ติดซีรีย์ส์ฮะ
For a longer-term solution, we believe BLA should focus its efforts on developing sizable open-architecture/exclusive bancassurance agent deals with mid-sized banks. Currently, BAY might be the only choice for BLA as TMB and FWD renewed a 15 year first-right agreement in early 2017 whilst TCAP and Prudential signed an exclusive, 15-year agreement in 2012. From figure 6-7, Nippon Life owns 24.2% in BLA and 1.35% in MUFG. Currently BLA has partnerships with Nippon Life Insurance, Swiss Life Network, and Mitsui Life Insurance on corporate group insurance. Hence, in the short to medium term, we believe BLA could negotiate with BAY for deals on businesses which do not overlap with AZAY.
From figure 5, it seems that AZAY is not particularly strong in bancassurance products. Since MUFG became a major shareholder a couple years ago, BAY has aggressively gained local Thai corporate business within the Japanese business supply chain and retail housing business. As Japan continues to signal its commitment to investment in Thailand (especially in the auto industry) and could be a major FDI investor in Thailand’s public infrastructure and Eastern Economic Corridor (EEC) projects, MUFG might look to further consolidate all Japanese-related businesses in Thailand into BAY. Hence, in the long-term, BAY may consider acquiring BLA should it see scope for business synergy with MUFG’s long-term business plan. At the same time, BAY may not be interested in using BLA as an exclusive bancassurance partner as BLA/Nippon Life’s strength is in the Thailand/Asia business market whilst AZAY could offer synergy for the European-related business market