President of the Stock Exchange of Thailand (SET), Mr. Kittiratt Na-Ranong, disclosed that the Ministry of Finance (MoF), the Bank of Thailand (BoT), the SET and Credit Suisse First Boston Securities (Thailand) will jointly hold "Thailand's Financial Sector: Regulatory and Competitive Evolution" from 26th to 31st January 2004 in Singapore, London and Boston to present and inform institutional investors about the Thai economy, financial institutions' development plans and the attractiveness of the Thai stock market. H.E. Captain Suchart Jaovisidha, the Minister of Finance, will be leading the team with senior executives of the MoF, the BoT, the SET and the nine listed companies.
"From the success of the SET's two roadshows to the UK and USA last year, we are certain that this roadshow will also attract interest from institutional investors. This year the organizing team has invited over 60 top-level executives of the mutual funds, the fund managers, and leading institutional investors in Singapore, the UK and the USA, e.g. Morgan Stanley Investment Management, Merrill Lynch Investment Management, and Deutsche Asset Management. These are large-scale institutions, with billions of dollars under their management, so we will have them meet one-on-one with our nine listed companies. This, we believe, will help the institutional investors acquire the information they require to base their investment decisions and to see the potential returns from investing in the Thai market," Mr. Kittiratt said.
The nine listed companies joining the roadshow are in the Financials Group which is an important sector of Thai capital market. Collectively the Financials Group's market capitalization (as of 22 Jan. 04) was recorded at 985,881.61 million baht or 21% of total market capitalization. Their trading turnover (1 - 22 Jan. 04) was 197,774.70 million baht or 30% of the total market turnover.
……/2 The market capitalization of these nine listed companies was 524,077.37 million baht, accounting for 53% of that of the Financials Group (as of 22 Jan. 04). Similarly, their trading turnover is significant: recorded at 62,703.38 million baht or 32% of the Financials Group's turnover (1 - 22 Jan. 04). These nine listed companies are Aeon Thana Sinsap (Thailand) Pcl. (AEONTS), Bangkok Bank Pcl. (BBL), Kiatnakin Finance Pcl. (KK), Krung Thai Bank Pcl. (KTB), Krungthai Card Pcl. (KTC), National Finance Pcl. (NFS), Siam Commercial Bank Pcl. (SCB), Siam City Bank Pcl. (SCIB), and Siam Panich Leasing Pcl. (SPL).
