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Pattaya Daily News

10 August 2006 :: 15:08:39 pm 23132

Thai stock, Foreign investors still upbeat about Thai bourse outlook

Foreign investors are still confident in the Thai stock market outlook although the country has experienced a lot of political and economic woes, according to top executives.
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       Kongkiart Opaswongkarn, Chief Executive Officer (CEO) of Asia Plus Securities Public Company Limited said on Wednesday that the firm had cooperated with ABN Amro Asia to take 5 listed companies, including PTT Public Company Limited (PTT), Airports of Thailand Public Co., Ltd., Major Cineplex, Erawan Group and Supalai, to participate in the ABM Amro Asian and Indian Investor Conference as part of recent road shows in Singapore and Hong Kong.

       Up to 37 companies from India, Singapore, Indonesia, Malaysia, the Philippines and Thailand participated in the event. Of this, five firms are owned by Thais.

       He said the event received a very good response from Singapore and Hong Kong investors.

       He revealed that up to 197 investors, fund managers and analysts from 101 mutual funds met with top executives of 37 leading Indian companies and those of the Association of Southeast Asian Nations (ASEAN) on one-by-one and group-by-group basis.

       With this success, he said, Asia Plus and ABN Amro would hold a meeting of investors more often and take Thai companies to key financial markets around the world as part of road shows.

       Krisada Swamipakdi, Executive Vice President of the Foreign Institution Marketing Division, said a large number of investors were interested in meeting with Thai companies.

       It showed that fund managers and analysts viewed negative factors in Thailand had gone and believed investment in the Thai stock market is promising next year.

       Andrew Tan, Executive Vice President of the Institutional Research Division, said the Thai bourse offers the highest dividends in Asia, while stock prices are lower than those of other regional markets in the past 12-18 months.

       He projected that the Stock Exchange of Thailand (SET) index would rally along with those of other regional markets when a new government is formed because the fundamental of the Thai stock market remains strong and worth investing in the long-term.

Reporter : PDN staff   Photo : PDN staff   Category : Business News

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