The Stock Exchange of Thailand (SET)’s visit to Tokyo, along with Daiwa Securities Capital Markets Co., Ltd. and a number of major Thai listed companies, to attend the “Daiwa Conference Investment 2011” ended on March 11, the same day that the massive earthquake hit the country, SET President Charamporn Jotikasthira reported. He said SET has been very worried and felt sympathy for Japan over its loss.
Mr. Charamporn said “the SET’s presentation to Japanese investors was completed before the earthquake occurred. Still, the SET is extremely worried and sorry for the damages Japan has to cope with. The impact from this catastrophe will inevitably be massive for its economy and society, and will need both time and a large amount of funds for rehabilitation. Accordingly, the SET has sent its sympathy and condolences to the Tokyo Stock Exchange and the Osaka Securities Exchange.”
Mr. Charamporn added that the information presented during the recent visit to Japan focused on the Thai stock market’s potential, as it is Southeast Asia’s top market in terms of liquidity and a major exchange in the region. The presentation also touched on the very impressive 2010 earnings reports by Thai listed firms, particularly those that have reported sound and strong performances for five consecutive years. He stated that the SET and four listed firms, that is, Bangkok Bank PCL (BBL), IRPC PCL (IRPC), PTT PCL (PTT) and Thai Oil PCL (TOP), were well-received by fund managers. The SET has also gave a number of interviews with members of the press from Japan and overseas. Therefore, the visit to Japan should be considered as being quite successful.