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Thai Bourse Highlights GMS Connector Role At Thai Corporate Day 2015

Date 07/01/2015

The Stock Exchange of Thailand (SET), has joined hands with Maybank Kim Eng Securities (Thailand) pcl to organize “SET-Thai Corporate Day 2015: Thailand, ASEAN’s Gateway to GMS” on Jan 26 – 27 in Bangkok, reinforcing SET’s positioning as an investment hub of the Greater Mekong Subregion (GMS).

SET President Kesara Manchusree said that the event was to accommodate global investors an access to investment products in the subregion through Thailand, a fundraising center of GMS, in line with the continuous growth ready for the ASEAN Economic Community (AEC) launch. Finance Minister Sommai Phasee would preside over the event and give a speech on the outlook of Thai economy and investment. More than 40 Thai listed companies which have businesses, investment, or branches in GMS, with combined market capitalization of THB 3.4 trillion (approximately USD 104.5 billion), or 25 percent of the total market value (data as of Jan 6, 2015), would participate in the event to present their strengths and effectiveness to institutional investors from all over the world.

“Currently, there are more than 100 Thai listed firms, or 17 percent of total listed companies, owning businesses in GMS. Moreover, companies in GMS have realized the benefits of raising funds from Thailand via listing on the Thai stock exchange, i.e. holding companies and REITs and also the upcoming channels, primary listing, secondary listing, and infrastructure funds expected to start this year. This synergy will enhance the economy, trade investment and capabilities of people in the region,” added Kesara.

Maybank Kim Eng Securities (Thailand) Co-CEO Montree Sornpaisarn said, “Thailand is regarded as an attractive country for investment. Despite Thai economic downturn from political uncertainties in 2014, Thai economy has gradually recovered from the fourth quarter onwards, as a result of rising consumption and economic stimulus measures from the Thai government. In 2015, Thai economic growth is expected to grow by 4 percent, which will help enhance Thai capital market investment. Thailand has become a regional investment hub due to the Thai capital market’s product varieties, efficiency and internationalized processes.”