The Nation

business

Smaller
Larger
Stock Exchange of Thailand

SET prepared for four city US road show

The Stock Exchange of Thailand, in cooperation with Asia Credit Securities and BNP Paribas, is to host the "SET US Road Show: Riding Thailand's Urbanisation Wave" in four major US cities with the aim of wooing more institutional investors to the kingdom.



Eight listed companies will join the roadshow, which will take place in four cities. Aside from New York and Boston where annual roadshows take place, Chicago and San Francisco have been added to the list.

SET President Charamporn Jotikasthira says the roadshow, which runs from June 25 to 29, is part of the exchange's plan to bring in more investment from institutional investors.

It follows on from roadshows in Singapore, Hong Kong and Malaysia. In July, another is planned in cooperation with Daiwa Securities to Japan and Canada.

"The euro crisis marks a good opportunity for the exchange to offer alternative choices to foreign institutional investors. Thailand has recovered quickly from last year's floods, showing better orders in all business segments. If the growth pace can be maintained, this will draw more institutional investors. Political factors should not cloud the overall investment sentiment," Charamporn said.

Joining the US roadshow are 8 companies in 5 sectors, which will demonstrate the strengths of Thai listed companies and the capital market. They are Advanced Info Service, Bank of Ayudhya, Tisco Financial Group, Banpu, Thai Oil, Central Pattana, Amata Corp, and Thai Union Frozen Products. Their combined market capitalisation is Bt1.2 trillion or 12.30 per cent of total market cap as of June 12.


Comments conditions

Users are solely responsible for their comments.We reserve the right to remove any comment and revoke posting rights for any reason withou prior notice.