Pattaya Daily News

25 March 2008 :: 16:03:17 pm 3948

Thai Bourse: Positive Response From Japanese

The Stock Exchange of Thailand (SET)‘s executive team received a very favorable response from Japanese investors who, after being briefed, were more confident about investing in Thailand. SET‘s trip to Japan, during March 17 – 21, was in response to invitations from Capital Nomura Securities PCL, Nomura Securities Japan, United Securities PCL and United World Japan K.K., SET President Patareeya Benjapolchai said.
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Bangkok, the 25th of March 2008 [Pattaya Daily News]: Over March 17-19, the Exchange’s team met with fund managers, investment advisors and executives from securities companies, asset management firms and other financial institutions – in both one-on-one and group meetings. SET’s delegation also met with senior executives of Japanese financial institutions.

Listed companies on the trip were Amata Corporation PCL (AMATA), PTT PCL (PTT), Erawan Group PCL (ERAWAN) and Siam Commercial Bank PCL (SCB). These firms had 35 one-on-one sessions, with at least five sessions each.

“The road show built confidence among investors by providing information on the Thai government’s economic stimulus policy, the removal of the short-term capital reserve measure and investment in mega-projects. Quite a few Japanese institutions are positive about Thailand and one is over-weighted. They understand that the Thai market has provided favorable returns with relatively little fluctuation. I expect more investment to come from Japan,” Ms. Patareeya added.

The March 20 – 21 event was hosted by United Securities and United World Japan K.K. There were about 200 individual investors there, with another 650 viewing a live internet telecast.

The Japanese did not seem worried about Thai politics and were reassured by the government’s stimulus scheme and the current economic situation, SET Executive Vice President-Listing and Investor Marketing Center Vichate Tantiwanich stated. “Japanese investors are interested in a tax reduction scheme to stimulate the economy, initial public offerings in 2008, dividend stocks and stocks relating to government investment projects, e.g., the construction, financial, tourism and hotel industries. Not surprisingly, there’s a demand for information in Japanese so, on March 17, SET launched a Japanese language page on its website, www.set.or.th. There are also links to brokers’ Japanese pages,” Mr. Vichate added.

 

The road show enabled the Exchange to present important information on market fundamentals, including listed companies’ improved operational performance and returns on investment. It firmed up links between Japanese investors and the Thai market. SET will continue to cooperate with securities firms to keep Japanese investors updated, Mr. Vichate concluded.

Reporter : PDN staff   Photo : Internet   Category : Business News

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