The Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, today signed a memorandum of understanding (MOU) with ten brokers to produce financial statement analysis for companies listed on mai. The analyses would give insights for investment’s decision making with an expectation that there would be analyses covering about 50 companies, from the total of 96 mai-listed firms.
Prapan Charoenprawatt, mai president, said only one-third companies were covered by brokers in 2013, considered comparatively small. Thus, the alternative exchange put efforts to increase financial statement analyses for investors to get access company insights for making investment decision by focusing on companies with attractive business and high growth potential. It was expected that this cooperation with brokers would create analyses covering about 50 companies.
“The mai’s market capitalization has grown continuously by 50 percent per year, owing to the new listings possessing bigger market cap and the growth of existing companies, attracting more investors. As such, this cooperation would surely benefit mai’s quality development, facilitating investors with more insightful information and attracting new investors,” Prapan added.
This cooperation includes ten broker participants, namely Aira Securities pcl, Apple Wealth Securities pcl, Bualuang Securities pcl, Country Group Securities pcl, Finansia Syrus Securities pcl, KKTrade Securities Co., Ltd., Maybank Kim Eng Securities (Thailand) pcl, Phillip Securities (Thailand) pcl, SCB Securities Co., Ltd., and UOB Kayhian Securities (Thailand) pcl. The MoU will increase broker participants to 11 in total. Previously, KGI Securities (Thailand) pcl has already joined the cooperation.
mai will celebrate its 15th anniversary on June 21, 2014. The exchange has so far raised fund worth of THB 60.24 billion (USD 1.85 billion) market value (data as of April 18, 2014). On April 21, the mai index closed at 408.98 points with market cap of THB 183.61 billion. There are currently 96 listed companies. Over the years, 15 listed companies had grown up and moved to list on the main board.
For more information on quality analyses, please visit www.mai.or.th or www.settrade.com .
