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Published on July 15, 2007

The Thai Listed Companies Association and the Money Channel television network jointly surveyed the management of 110 listed firms about their business prospects in a report entitled "Quarterly Thailand Economic Outlook Survey".

Out of 110 respondents, more than 60 per cent said they believed the economy would grow more than 3.5 per cent this year, and more than 70 per cent believed GDP growth would surpass 4 per cent next year.

About 65 per cent said they planned to expand investments over the next 12 months, while 30 per cent said they would keep their investment levels unchanged out of continued concerned about the political and economic situation.

Stock Exchange of Thailand (SET) Research Institute adviser Kobsak Pootrakool said the survey reflected economic conditions in the view of listed firms' management.

SET president Patareeya Benjapholchai said the bourse would publicise the information from the survey for investors. The SET will benefit, because the information can be used to strengthen listed companies. She said stock analysts would also benefit in using the information to consider relevant policies.

Association president Pensri Suteerasarn said the 110 listed companies in the survey represented half of total market capitalisation.

Siriporn Chanjindamanee

The Nation