Thai Bourse Boosts Investor Confidence On New York Roadshow

The Stock Exchange of Thailand (SET), together with Auerbach Grayson and KT Zmico Securities, announces the success of the roadshow “Thailand Conference,” in New York City in late October, attracting 45 fund managers from 32 global funds having USD 2.1 trillion of assets under management in 129 meetings throughout the two-day roadshow.
 
SET Executive Vice President and Head of Market Division Kesara Manchusree said: “It is a high honor to have Deputy Prime Minister and Minister of Finance Kittiratt Na-Ranong joining the roadshow to present Thailand’s economic policy, especially on the government’s infrastructure project and other policies to boost effectiveness of manufacturing and exports sectors, including corporate tax cut measure, which drew a great deal of interest from investors. SET showcased an overview of the Thai capital market and new products, such as infrastructure funds and holding companies, for investors to recognize the variety of investment opportunities in Thailand.”  
 
KT Zmico Executive Chairman Chaipatr Srivisarvacha noted that the roadshow attracted a great number of investors, particularly institutions invited by Aurebach Grayson. They were keen to invest in emerging markets and Thai companies having growth potentials. This roadshow was a good opportunity for foreign investors to get information directly from the government and private sector, boosting confidence in the country.  
 
Nok Air pcl’s (NOK) Chief Executive Officer Patee Sarasin said that it was the first time the company had joined a SET roadshow. The company received a warm welcome from investors keen on the company’s growth and Thailand’s low-cost airline industry, as this year NOK has increased routes to Myanmar and expects to expand into other countries in Indochina.     
 
The 11 companies participating in the roadshow were Bangchak Petroleum pcl (BCP), Bangkok Expressway pcl (BECL), Central Plaza Hotel pcl (CENTEL), GFPT pcl (GFPT), MCOT pcl (MCOT), MC Group pcl (MC), NOK Airlines pcl (NOK), Ratchaburi Electricity Generating Holding pcl (RATCH), Samart Corporation pcl (SAMART), Sansiri pcl (SIRI), Thaicom pcl (THCOM), with a combined market capitalization of THB 353 billion (approx. USD 11.4 billion) (as of October 29, 2013).