FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Thailand Enforces Stricter Audit Standards Amid Fraud Concerns

By

Thailand's Securities and Exchange Commission has tightened internal audit requirements for listed to reduce fraud risks, conflicts of interest and irregular transactions, Bangkok Times reported Thursday, citing the regulator's deputy secretary-general Anek Yooyuen.

The move follows several high-profile governance failures in recent years, with new rules requiring chief internal audit executives to hold recognized professional certifications and at least five years of relevant experience, including three in internal auditing, according to the report.

The watchdog also stepped up enforcement in early 2026, filing criminal and civil cases tied to market manipulation and fraud, while blocking hundreds of scam operations and tightening oversight of KYC procedures and suspicious accounts, the Post said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

ASE Technology Unit to Buy Operational Facilities Worth NT$652 Million; Shares Rise 3%

ASE Technology (TPE:3711) unit ASE Test will acquire operational facilities from Verizon Construction for NT$651.9 million, according to a Wednesday Taiwan Exchange filing.Shares gained 3% in Thursday's late morning trade.The acquisition will support the company's manufacturing operations, it said.

TPE:3711
Asia

First REIT Defends Move to Sell Indonesia Assets to Siloam

First REIT (SGX:AW9U) said the proposal to divest its Indonesian hospital assets to Siloam International Hospitals for SG$471.5 million is the best available offer, according to a filing with the Singapore Exchange on Wednesday.The statement was a response made to unitholders seeking clarification on the terms of the proposed deal.The REIT said it will be hard to find a different buyer for the Indonesian portfolio as Siloam has been its tenant and operator. It also said the consideration represents a premium of approximately 2.1% over the average of the two independent valuations of the assets.

SGX:AW9U
Asia

Sims Fiscal 2026 Outlook Beats Consensus on US Scrap Conditions, Jefferies Says

Sims (ASX:SGM) is expected to benefit from stronger US scrap recycling market conditions and expanding earnings opportunities in its Sims Lifecycle Services (SLS) business, driving significant upgrades to earnings forecasts, according to a Wednesday note from Jefferies.Jefferies said the company's fiscal 2026 guidance was around 15% above consensus at the midpoint, driven by stronger North American metals operations and SA Recycling joint venture, while SLS was largely in line with expectations.The investment firm raised its fiscal 2026 earnings before interest and taxes (EBIT) forecast 14% to AU$427 million, in line with guidance, citing stronger US trading conditions, higher ferrous scrap margins, and improved non-ferrous pricing.Jefferies expects SLS EBIT to stay above AU$200 million through at least fiscal 2030, with growth driven by graphics processing unit and DDR5 decommissioning cycles starting around 2028, offsetting declines in DDR4.The investment firm raised SLS EBIT forecasts by more than 50% from fiscal 2027 onwards, citing stronger expected margins and a gradual ramp in volumes from fiscal 2028.The investment firm kept its mid-cycle EBIT estimate for the company at about AU$500 million, despite the upgrades and revised long-term assumptions.Jefferies upgraded Sims to hold from underperform and raised its price target to AU$31 from AU$19.Sims' shares were down about 1% in recent Thursday trade.

ASX:SGM