Thai bourse’s Singapore roadshow a success - next stop: UAE

ข่าวหุ้น-การเงิน Friday May 2, 2008 14:33 —PRESS RELEASE LOCAL

Bangkok--2 May--SET The Thailand Focus: Singapore Road Show 2008, during April 23-25, was a great success. The event, jointly organized by The Stock Exchange of Thailand (SET), SCB Securities Co., Ltd. and Goldman Sachs, included the Minister of Finance and Deputy Prime Minister Surapong Suebwonglee, his team and representatives from 11 leading listed companies. It was well-received by 70 fund managers from 53 foreign institutions, that are responsible for investments in the Asian region totaling hundreds of billions of baht, SET President Patareeya Benjapolchai said. “Institutional investors expressed satisfaction with the economic, capital market and political situation presented by the Minister of Finance in a total of four meetings with him. Information to these investors and the foreign press was straightforward and accurate and the Minister and his team welcomed questions,” Ms. Patareeya added. Investors’ questions covered the government’s economic policies, Thai economic conditions and trends, the direction of capital market development and the government’s stability. Investors expressed interest in various projects, such as the Thailand Riviera project to develop the country’s eastern coast into a global tourist center with a rail connection to southern China. Also attracting interest at the roadshow were Thailand’s health care and medical tourism plans. The Minister of Finance’s active involvement in discussions with foreign institutional investors demonstrated the high priority that the government gives to the Thai capital market. This gives investors confidence, especially considering that the Minister is also the chairman of the Capital Market Development Committee, Ms. Patareeya observed. The minister assured foreign investors of the government’s determination to develop the capital market by noting the significance of establishing the Capital Market Development Committee and the extension of tax privileges for newly- and currently-listed companies on both SET and the Market for Alternative Investment. The committee is conducting studies to determine the best approach to demutualization of the Exchange, which will move the Thai market towards international best practice,” Ms. Patareeya concluded. Foreign institutional investors at Thailand Focus: Singapore Road Show 2008 were interested in the Exchange’s liquidity, P/E ratio, free-float requirements and demutualization plans. The roadshow allowed SET to clarify Thailand’s current economic and political situation and disabuse institutional investors of any misconceptions. Participating listed firms met investors and discussed their operations, dividend policies, business expansion plans, growth and any relevant political factors. Each company had at least eight meetings during the trip, for 98 meetings in total. The three firms that received the most attention from investors were Siam Commercial Bank PCL (14 meetings), Major Cineplex Group PCL (12 meetings) and the Erawan Group PCL (11 meetings). SET’s next international roadshow, planned for end-May, will be in the United Arab Emirates, which is one of the world’s highest sources of investment. For more information, please contact the Corporate Communication Dept.: Ladawan Kantawong Tel: 0-2229-2036 / Sarinluck Jitkawong Tel: 0-2229-2037 Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797

แท็ก major cineplex   thailand   Bangkok   nation   China   asian  

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