The Stock Exchange of Thailand (SET) in conjunction with CIMB Securities (Thailand) Co., Ltd., has organized "SET Thai Corporate Day 2017: Potential Big Caps with Good Corporate Governance" from January 16-17, in Bangkok, with 48 Thai listed companies to showcase their strengths and potential growth to institutional investors.
Ekniti Nitithanprapas, Director-General of the State Enterprise Policy Office, has presented updated information about Thailand Future Fund, the investment opportunity to invest in government's infrastructure projects, with an aim to boost confidence on Thailand's economy.
SET Senior Executive Vice President Santi Kiranand said, “SET Thai Corporate Day comes up with the first opportunity of 2017 to accommodate global investors with an access to the Thai capital market investment. 48 highlighted Thai listed companies with robust growth and good corporate governance practices, from all industries with combined market capitalization of THB 1.7 trillion (approx. USD 49 billion), or 10.8 percent of the total market value, as of January 13, 2017, have participated in the event to present their strengths to approximately 60 foreign institutional investors in about 1,200 one-on-one meetings. Meanwhile, a clearer picture of the government’s economic stimulus projects will also help boost foreign investors’ confidence.”
CIMB Securities (Thailand) Chief Executive Officer Suchai Sutasthumkul said, “Amid such global market volatility as the change of US policies under the administration of Donald Trump, the expected rise in US interest rates, the political uncertainty in Europe and the future of the Euro, as well as the instability of exchange rates and capital mobility, these are concerns impacting investments in global equity markets. However, considering the continuing economic recovery and a more stable political environment in Thailand, together with ongoing positive trends for consumables, tourism and government infrastructure investment, Thailand remains a country with outstanding potential and opportunities. We are confident that all business sectors are likely to perform well this year.”
This year SET Thai Corporate Day 2017 focuses on mid-cap companies with good corporate governance, since this is the most important factor that investors first consider before choosing to invest in medium-sized firms. As a result this year's event can help further promote and raise the standards of Thailand's capital market.
Throughout 2017, SET has planned five outbound roadshows to target countries: Hong Kong, Japan, Korea and Singapore and The United Kingdom. In addition, another big inbound event will also be organized including this month’s SET Thai Corporate Day 2017, and Thailand Focus 2017 in August to be jointly hosted with Phatra Securities pcl and Bank of America Merrill Lynch.
