Bangkok--31 Jan--SET
As part of its investor base expansion strategy, The Stock Exchange of Thailand (SET) and participating securities firms are continuing with their successful SET Visit program and another investment promotion, the online trading simulation competition: SET Click2WIN.
The SET Visit workshops, conducted by brokerage staff, provide participants with direct, professional advice, Mr. Vichate Tantiwanich, SET executive vice president, said.
“Over the past two years, the program has been very successful, with nearly 8,000 participants from various corporations in Thailand. Potential investors numbered 5,634 of which 1,271, or 22.56%, opened trading accounts. This indicates that many people are interested in investing and they need time to become better informed.
Feedback from the 21 securities firms participating in the program has been very positive and all wish to continue their involvement,” Mr. Vichate added.
The Savings Guarantee Institution legislation, to come into effect in mid-2008, provides people with an added motivation to discover how to better manage their savings. Under this law, government support for savings deposits will decrease over five years. Currently, interest on savings is about 0.5 — 3.5% and inflation is between 3 and 5%. However, stock investment returns in 2007, as measured by the SET Index, were about 26% on average. Obviously, the public needs to examine the new ways of putting their savings to work.
SET Visit occurs each month and applications for SET Click2WIN open in April.
Attachment to SET news no. 11/2008
List of participating securities firms in SET Visit
1. ACL Securities Co., Ltd.
2. Adkinson Securities PCL
3. Asia Plus Securities PCL
4. Ayudhya Securities PCL
5. Bualuang Securities PCL
6. BT Securities Co., Ltd.
7. Capital Nomura Securities PCL
8. DBS Vickers Securities (Thailand) Co., Ltd.
9. Finansa Securities Limited
10. KGI Securities (Thailand) PCL
11. Kim Eng Securities (Thailand) PCL
12. Kiatnakin Securities Co., Ltd.
13. Kasikorn Securities PCL
14. Phillip Securities (Thailand) PCL
15. SCB Securities Co., Ltd.
16. Seamico Securities PCL
17. Siam City Securities Co., Ltd.
18. Syrus Securities PCL
19. Thanachart Securities PCL
20. Trinity Securities Co., Ltd.
21. TISCO Securities Co., Ltd.