Sri Ayudhya Capital Public Company Limited (SET:AYUD) continues to look for acquisition opportunities as it believes the coming insurance liberalization will force small insurers to seek strategic partners to reduce operating costs. "The deals will happen if those companies have a good strategic fit with our objectives regardless of whether the asset size of those firms is larger or smaller than AYUD's. However, we do not think our acquisitions will occur this year," Managing Director Chusak Salee said. He said Ayudhya Capital had sufficient funds to support acquisitions after divesting assets of a non-listed equity, the disposal of which garnered a profit of about THB 1.08 billion.

The deals will be booked on the balance sheet in quarter ending September 2014.