The President of the mai, Mr. Vichate Tantiwanich, said that the mai has conducted a survey amongst the executives of mai-listed firms concerning their expectations on their Q2 operational results. The survey included 21 companies (out of the total 26 mai-listed firms), from which 57%, or more than half of them, expected to see their Q2 operational results to turn out as previously targeted. Seven executives stated that they expect even better results than targeted.
“Most of the executives of the mai-listed firms consider the rising oil prices as the most critical factor for the Thai economy in H2/2005. The other critical factors include political stability, the doldrums of the tourism industry and the Southern unrest.
When asked how the 60-dollars-per-barrel oil will affect their companies, executives from 17 companies stated that they do not think this will significantly affect their operations. Only four companies predict that the rising oil prices will have some effects, either negatively or positively,” the mai president said.
As at the end of June 2005, there were a total of 26 listed firms on the mai. Ten of them are in the production-related industries, the other 16 in the service industries. The mai’s total market capitalization stood at THB12.00 bln. For more information, please browse www.mai.or.th
