Bangkok--2 Oct--SET
The Stock Exchange of Thailand (SET), together with key government units and broker partners, will organize both inbound and outbound roadshows throughout October, aiming to give insights of Thailand’s economic direction and gain more confidence on domestic and foreign funds in Thailand’s investment scenario.
SET President Kesara Manchusree said Thailand has currently been administered by a new government packed with key economic measures both short and long terms in order to lay foundation before accelerating the country’s growth. As such SET, has joined hands with partners in holding roadshows for both domestic and international funds, with insightful information, guided by key economic ministers to showcase the country’s policy and direction to boost investment confidence. The institutional investors are one of the key investor groups for the Thai capital market as the investment proportion of both foreign and domestic funds accounted for 40 percent of the total trading value.
The inbound roadshow will be held on October 3, 2014, in collaboration with Thai Bond Market Association, Bank of America Merrill Lynch and Phatra Securities pcl. The event is honored to have Deputy Prime Minister M.R. Pridiyathorn Devakula, Finance Minister Sommai Phasee, preside over and present the government’s policies to 150 leading domestic institutional investors with assets under management worth a combined THB 4.5 trillion (approx. USD140 billion).
For outbound roadshows, one of the events will be to join with Bank of America Merrill Lynch and Phatra Securities pcl to organize “Thai Forum” on October 8, 2014. This roadshow will be led by the finance minister to meet 60 institutional investors in New York, United States. He will give a keynote speech on the economic policy, while Bank of Thailand’s Governor Prasarn Trairatvorakul and a member of state enterprises policy commission Veerathai Santiprabhob will present economic growth supporting policies from money market sector and state-owned enterprises.
“It’s significant that the U.S. funds have accepted our invitation to join “Thai Forum” in New York. This reflects the attractiveness of Thailand’s investment offering upbeat returns, proved by the continual rise of SET index up 22 percent since the beginning of this year backed up by the government policy to drive the country’s economy to grow strongly and consistently,” Kesara added.
Another overseas roadshow will be organized in the United Sates during October 27-30 by cooperating with KT Zmico Co., Ltd. and Auerbach Grayson and Company LLC with representatives from the Ministry of Finance and leading top management of Thai firms to meet with U.S. funds.