Bangkok--25 Mar--SET
The Stock Exchange of Thailand (SET) has launched “Your 1st Stock” project for the second year after having successfully increased more than 100,000 new investors last year. This year’s project is under “Begin stock trading…Invest with quality” concept focusing on new investors categorized by career segmentation and aims to boost new investor base to ensure their sustainable investment. SET also joins hands with Thai Financial Planners Association (TFPA) to develop contents intensively for all investors’ needs.
SET President Charamporn Jotikasthira said that SET has placed importance on increasing investors with focus on quality, as key to develop Thai capital market to grow sustainably. Therefore, SET has continued the “Your 1st Stock” project to enhance the concept that investing in stock is a kind of owning business using low fund with possibility of getting consistent returns, without having to set up a business. From the past record, investing in stocks for more than 10 years would get an average return of 12 percent per year. In 2013, SET-listed companies paid historic high of dividends with many firms paying more than 5 percent dividend for the fifth consecutive year.
“Your 1st Stock” project will focus on career segmentation, which are employees in private firms, public officials, physicians, teachers and university students. Each career has individual behavior, interest and need. SET has then joined hands with TFPA to upgrade financial and investment planning contents, enabling Thais in all careers to get the insights throughout this year. The project also expands its cooperation to 24 broker partners through a joint seminar and activities, expecting to boost about 80,000 new investors this year,” Charamporn added.
TFPA Chairman Teera Phutrakul said, “It is significant that TFPA has received participation from financial planning professionals having certified financial planners (CFP) offering expertise for each particular career, both in Bangkok and provinces, as well as through articles to guide financial planning and savings. In addition, the planner will also give one-on-one financial advice for investors by request. This cooperation will provide great opportunity for Thai people to start financial planning for a brighter future, capitalizing Thai capital market.”
Investors having new accounts with these 24 brokers within 2014 can join the project and get benefits from activities and investment information throughout the year. For more information, please contact www.set.or.th/yourfirststock .