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The Stock Exchange of Thailand (SET) and Credit Suisse Securities (Thailand) Co., Ltd. will hold the “SET-CS Singapore Roadshow 2010,” on August 27, at Singapore, led by Thailand’s finance minister. The Thai National Telecommunications Commission and nine listed firms will also join in this event to build confidence of foreign investors about investment in the Thailand.
“This roadshow is the third such event held this year, after the success of programs held in Japan, and London. Finance Minister Korn Chatikavanij will present an economic overview, while The National Telecommunications Commission will present information about the telecommunication business, particularly about 3G (Third Generation), which is receiving great attention from foreign investors. Companies representing five industry groups -- Agro and Food, Financial, Resources, Service, and Technology -- have joined the roadshow, revealed SET President Charamporn Jotikasthira.
“SET will present information about investment opportunities for investors to see the strengths of the Thai economy and SET-listed firms. This information will include SET’s development to increase investment demand, e.g., progress on the ASEAN Linkage project and new products to be launched, to build investors’ confidence. We expect that institutional investors will be major participants in the event, especially those who have been investing in Asia. If investors have confidence, they would put more investment weight into the Thai capital market and more funds would flow into the Thai market” said Mr. Charamporn.
The listed companies joining the roadshow are middle to large in size, with a total market capitalization of THB2.1 trillion (approx. USD65.62 billion), accounting for 30% of total market capitalization (as of August 20, 2010): These firms are:
- Ago and Food Group: Thai Union Frozen Products PCL (TUF), Minor International PCL (MINT)
- Financial Group: Bangkok Bank (BBL), Tisco Financial Group (TISCO)
- Resources Group: PTT PCL (PTT), PTT Exploration and Production (PTTEP), and Thai Oil PCL (TOP)
- Services Group: CP ALL PCL (CPALL)
- Technology Group: Advanced Info Service PCL (ADVANC)
