Road show draws keen interest from institutional investors

Posted by pattayatoday on Jul 16th, 2010 and filed under Thailand News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

A Stock Exchange of Thailand, Tisco Securities, Deutsche Bank and 10 leading listed companies road show, “DBTisco Access Thailand 2010” in London during earlier this week drew a keen response from institutional investors in Europe with many showing interest to invest more in Thailand, according to SET president Charamporn Jotikasthira.

Foreign investors are confident in growth potential of listed companies in Thailand.

He said executives of SET and listed companies had an opportunity to meet investors familiar with investment in Thailand and directly provide them with useful information during the July 12-13 event.

Finance Ministry spokesman Ekniti Nitithanprapas provided data on Thailand’s economic outlook in the short and long terms with a focus on the outstanding competence of five business types in the long term: service, tourism, agriculture, automotive, and transportation.

Also presented in the road show was the competence of listed companies in performance and other developments such as the introduction of new products and services in the stock market, progress in ASEAN trading linkages, SET reform, and anticipated future market developments.

Mr Charamporn said the institutional investors took in the presentation and understood that SET reform is in tandem with many other countries in the world. They believed it would help boost efficiency of services for investors.

“Foreign investors are confident in growth potential of listed companies in Thailand as they have proven competence in flexible management and are able to continue growing despite internal and external volatilities.

“Still, the investors are worried about [Thailand's] political uncertainties. Should the political situation return to normal, existing and new investors will definitely come to invest in Thailand,” he said.

Ten listed firms participating in the road show are Bangkok Bank, Bank of Ayudhaya, Tisco Financial Group, PTT, Ratchaburi Electricity Generating Holding, Thai Oil, CP All, Central Pattana, Charoen Phokaphand Food, and Minor International.

News item Courtesy of www.mcot.net/EnglishNews

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