The Kanjanapat family, who go by a different Chinese name in HK, have built two distinct empires. Elder Brother Anand, who claims to have failed Grade 1 eight times, runs Bangkok Land, once the country's biggest property developer prior to the 1997 crisis when he was 2nd richest man in Thailand. His younger brother, Keeree, picked up the piece with BTS Group, previously Tanayong, and he is now richer than Anand with property joint ventures, transit ad companies (VGI and MACO), yummy restaurant Chefman, and one of the country's biggest infrastructure fund BTSGIF. Anand also picked up himself up with the country's leading exhibtion center Impact, which is newly listed.
Their story is one of redemption and a fitting feel-good ending to Thai-coons, the longest-ever series produced by The MCorp Review. Investment-wise, BTS remains one of our favorites. The funds are looking good too yo. BTSGIF trades at lower multiple than the parent and has less volatility, though it comes with lower yields too. And IMPACT...that's one of a kind asset yo. Everyday, there's new events. At 20x, I'm all in, man! All year round, they have new events. It's the ultimate MICE (meetings, incentives, conference, events) play, man.
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