Singaporean institutional investors respond well to Thai companies

ข่าวเศรษฐกิจ Wednesday July 9, 2008 08:35 —PRESS RELEASE LOCAL

Bangkok--9 Jul--SET At the Thailand Corporate Day 2008, held in Singapore during July 3-4, foreign institutional investors were enthusiastic about the presentations from firms on the Market for Alternative Investment (mai), with 12 foreign institutions and 16 foreign fund managers participating — more than expected. mai, in cooperation with TISCO Securities Company Limited and Deutsche Bank, invited three mai-listed companies to the event. These were Unique Mining Services PCL (UMS), Unimit Engineering PCL (UEC) and TRC Construction PCL (TRC), who collectively have a total market capitalization of THB 8,163 million or 24% of total mai market capitalization, mai President Chanitr Charnchainarong said. “Foreign institutional investors showed great interest in mai-listed companies, having a total of 24 meetings with them. This roadshow will expand mai’s foreign investor base and increase the proportion of foreign investment from its current level of 5% of total market value” Mr. Chanitr added. At the Thailand Corporate Day 2008, mai discussed investment and market conditions in The Stock Exchange of Thailand (SET) and delivered initial information of firms that are preparing to list on SET and mai - the first time this has been included in a foreign roadshow. About 40 institutions and 56 fund managers who invest in small-cap and long-term funds attended 93 meetings, TISCO Securities Managing Director Paiboon Nalinthrangkurn said. “The event provided us with the chance to introduce good quality, but relatively unknown, listed companies to foreign institutional investors. The response exceeded our expectations and we are keen to join mai in future roadshows,” Mr. Paiboon added. “Our firm had an opportunity to brief institutions, for them to increase their market share. At present, the SCB Asset Management Co., Ltd.(SCBAM) has a 4% investment in our company,” UMS Managing Director Chaiwat Cruecha-em said. “We made foreign institutional investors aware of UEC’s strong financial position and that its share price does not reflect its true value. We helped investors understand our business and potential growth, and pointed out our two international awards - 200 Best Under a Billion from FORBES Asia Magazine and Asia’s Best-Managed Companies from Asia Money magazine,” UEC President Thailuck said. “For the first time, TRC was able to present information to foreign institutional investors. We received a very positive response and it gave us the chance to listen to investors and improve our business,” TRC Chief Executive Officer Smai Leesakul noted. Currently, there are 49 firms listed on mai, with a total market capitalization of THB 34.53 million. The mai Index closed at 249.64 on July 4, 2008. More information on listed companies’ performance can be found at www.mai.or.th. Interested persons are invited to apply for a free email update on mai by contacting [email protected] or calling S-E-T Call Center on 0-2229-2222.

แท็ก thailand   engineer   Bangkok   nation   scbam   TOT  

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