• Welcome to American Appraisal (Thailand) Ltd. (“AATL”)
  • office: (+66) 02-675-8403
  • Fax: (+66) 02-675-8427

Company Profile

American Appraisal (Thailand) Ltd. (“AATL”) is a Thai registered company that provides a complete range of valuation services to businesses in Thailand and worldwide. Established in 1974, it is the longest- serving valuation firm in Thailand. Since its establishment, AATL has been providing local and international clients with a full spectrum of independent valuation services in areas that include real estate, machinery and equipment, business enterprises, share capital, intellectual property and other intangible assets. Our reports are prepared for a variety of purposes including merger and acquisition, divestiture, joint-venture, public listing, sale and purchase, financing, debt-restructuring, liquidation, insurance placement, accounting and tax.

AATL was part of American Appraisal Associates Inc., which offer multi-disciplined valuation services with impartiality to clients for over 100 years. With 60 offices worldwide, the group gained the strength of global perspective, massive database, international expertise combined with an in-depth understanding of local conditions as well as the quality and experience of both its long serving staff and its services to clients.

American Appraisal, Inc. was acquired by Duff & Phelps in February 2015. In December 2015, the management of AATL acquired AATL from Duff and Phelps. AATL continues to be run by the same management and the same staff as before. AATL is a member of the strategic network of Duff & Phelps. AATL remains in the approved list of appraisers of the Securities & Exchange Commission (SEC) of Thailand.

Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security, compliance and regulatory matters, and other governance-related issues. Duff & Phelps work with clients across diverse sectors, mitigating risk to assets, operations and people with over 3,500 professionals globally and offices across 28 countries worldwide i.e. the United States of America, Europe and Middle East and Asia Pacific.

AATL's experience in Initial Public Offerings, Thai privatization and advisory assignments includes:

Initial Public Offering (IPO)

  • Singha Estate Public Company Limited (S)
  • S Hotels and Resorts Public Company Limited (SHR)

Real Estate Investment Trust (REIT)

  • IMPACT Growth REIT (IMPACT) - the first REIT in Thailand
  • Thailand Prime Property Freehold and Leasehold REIT (TPRIME)
  • S Prime Growth (SPRIME)

Infrastructure Fund (IFF)

  • BTS Rail Mass Transit Growth Infrastructure Fund (BTSGIF) - the first IFF in Thailand
  • Jasmine Broadband Internal Infrastructure Fund (JASIF)
  • Thailand Future Fund (TFFIF)

Advisory Assignment

  • Acting as asset appraiser to Telephone Organization of Thailand (TOT) in its Fixed Asset and Commercial Valuation.
  • Acting as asset appraiser to the Electricity Generating Authority of Thailand (EGAT) in connection with its contemplated corporatization and privatization.
  • Acting as asset appraiser to Electricity Generating Authority of Thailand (EGAT) in connection with the corporatization and privatization of its Khanom Power Plant and its Ratchaburi Plant.
  • Acting as asset appraiser to Electricity Generating Authority of Thailand (EGAT) for 5 consecutive years in connection with their performance evaluation as a “good” state enterprise.
  • Acting as asset appraiser to the Provincial Electricity Authority (PEA) in connection with their performance evaluation as a “good” state enterprise.
  • Acting as asset appraiser to the Government Housing Bank (GHB) in connection with their performance evaluation as a “good” state enterprise.