September 18, 2012 00:00 By The Nation 2,263 Viewed
The Stock Exchange of Thailand and Maybank Kim-Eng Securities (Thailand) jointly hosted "Thailand Corporate Day" for the first time in Shanghai, China, to woo more foreign investment.
Joining the roadshow today are four listed companies - Charoen Pokphand Foods, Kasikornbank, PTT and Central Pattana. Their combined market capitalisation is Bt1.79 trillion or 16.90 per cent of total. The session was attended by over 40 securities companies and fund managers, which manage assets worth over US$150 billion.
"Over the past two years, the exchange has strengthened relationship with Chinese institutional investors and Chinese agencies. We have witnessed increasing interest in Thai stocks among funds allowed to invest overseas, encouraged by the opportunity for an upside gain. From early this year, the Shanghai market has lost 5.50 per cent (as of Sept 17), but the Thai market recorded the biggest gain in Asia, at 24.70 per cent," said Virathai Santiprapop, vice president of the exchange.
He added that the exchange is committed to promote Thai companies to foreign investors. Aside from roadshows to major financial markets like the US, Japan, the UK, Singapore and Hong Kong, it is also seeking opportunities to establish linkage with new investors in the Middle East, India and China which have never poured investment in the Thai market.
"The event marks a good opportunity for the exchange and Thai listed companies to deliver their information to Chinese investors, so that they realise the market's prospect and Thai companies' resilience to crisis," Virathai said.