The Stock Exchange of Thailand (SET) reveals that the bourse and Daiwa Securities have successfully attracted more than 70 funds to a roadshow held in United States, Canada, and Japan last week to get overviews of Thai listed companies’ robust performances, Thailand’s capital market, and the economy.
The roadshow, “Thailand corporate day: Stepping up domestic demand,” held on July 29-August 3 in San Francisco, United States; Toronto, Canada; and Tokyo, Japan included funds which were interested in investments in Thailand, Chanitr Charnchainarong, SET executive vice president, said, adding that the roadshow underlined SET’s commitment to be a connector, with SET arranging more than 120 meetings that enabled the funds to meet their targeted listed companies directly.
“Since the beginning of this year, SET has consistently travelled to present information to overseas fund managers in United States, Europe, and Asia, reinforcing the attractiveness of the Thai capital market to existing and new institutional investors. Fund managers have been enthusiastic about the quick recovery of Thailand’s economy from last year’s flood crisis, strong company performances, and economic growth prospects from the impending formation of the ASEAN Economic Community,” Chanitr said.
Surong Bulakul, Chief Financial Officer of PTT Pcl, one of the company participants said; “We were successful in presenting information to the investors in these new targeted areas which energy businesses are on the radar. For example, Canada-based investors, who previously had not familiarized with Thai listed energy firms, could discuss directly with the companies about overall business direction, building their confidences on the potentiality of these Thai firms and the economic prospect. This should be a good sign for foreign investment in the Thai stock exchange.”
Nine large-cap companies with particularly good performances which joined this trip were Bangkok Bank pcl (BBL), Big C Supercenter pcl (BIGC), GMM Grammy pcl (GRAMMY), Indorama Ventures pcl (IVL), Khon Kaen Sugar Industry pcl (KSL), Minor International pcl (MINT), PTT pcl (PTT), Ratchaburi Electricity Generating Holding pcl (RATCH), and Thai Union Frozen Products pcl (TUF).
The Stock Exchange of Thailand is committed to match the right financial opportunities for investors and businesses by holding “Thailand corporate day: Stepping up domestic demand” with Daiwa Securities to respond to demand from foreign funds with the potential to invest in Thailand, and also increase opportunities for Thai listed firms.