Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Stock Exchange Of Thailand’s 2005 Business Plan Emphasizing Building Quality Investors, Esp. Via Youth and Public Education, Gets Board’s Approval

Date 28/10/2004

SET Executive Vice President Mrs. Patareeya Benjapolchai, who acts as the Secretary of the SET Board of Governors, disclosed that on Oct.27 the SET Board approved the SET’s business plan for 2005, which consists of 26 work plans. These plans emphasize market education, enlarging the investor base, increasing the number of listed companies, infrastructure development, as well as building trust. The SET expects to have 90 new listings in 2005 and see about THB24,000 mln. (approx. USD585.37 mln.) in daily trading turnover.

“The Board has placed special importance on educating Thai youth as well as the general public. This focus will deal with the SET’s education and public information distribution groups. In 2005, the SET will hold various educational activities to promote a greater understanding about personal finance among its 4 principal target groups—youth at the primary through high school levels, college students, the general public, and securities industry professionals.

For youth education, there will be a training program on personal finance for 3,000 teachers from 1,300 schools across the nation. Meanwhile, a program will also be conducted for university students and their instructors, which is a potential collective audience of 200,000.

For the general public, courses will be conducted by volunteer teachers and through the SET’s e-learning facility. These education channels will help increase our target audience to 600,000 persons.

Courses and training for industry professionals will also be continually developed to help meet industry demands,” the SET EVP said.

Mrs. Patareeya went on to report that the SET will continue to hold its regular activities in 2005, including “SET in the City”, the year’s big event that effectively reaches all the target groups. This year, “SET in the City” is scheduled for Thursday Nov.11 – Sunday Nov. 14, 2004, at the Queen Sirikit National Convention Center. “Money Expo”, six SET roadshows to the provinces, and other marketing events are also scheduled on the SET’s 2005 calendar.

Additionally the SET will also fully support other related activities, including investor relations (IR) activities, events held by the Thai Investors’ Association as well as programs improving the quality of Thailand’s securities analysts. Numerous events and activities will be held in 2005 to promote a greater understanding among a much wider range of audiences. Through all these scheduled activities, it is expected that the SET will be able to build quality investors for the Thai capital market.”

To increase supply in the market, the SET has targeted for a total of 90 new listings in 2005 -- 60 on the SET and 30 on the MAI (Market for Alternative Investment), plus 50 new listed issues of corporate debentures.

“In the meantime, the SET will strengthen the quality of existing listed companies. This includes assisting companies under rehabilitation to be able to get reinstated back to their normal sectors, helping listed companies to more fully utilize existing financial tools, and improving the SET’s sector classifications to better represent the country’s industries,” Mrs. Patareeya said.

In developing market infrastructure, the SET will continue to improve all major infrastructures relating to securities trading and its back office work systems. The SET will utilize the most advanced information technology available to better cope with future increases in transactions. This will be undertaken with an emphasis on developing and integrating the trading and its sister supporting systems. This integration of systems will enable us to support trading on the SET as well as the bond and derivatives markets. The SET also plans to continue the development of its new computer back-up center by equipping it with the latest technology as well as maintaining the highest standards and levels of security to cope with increases in transactions in 2005 and beyond.