Thai listed firms attract funds on roadshow in Hong Kong and Japan BANGKOK, July 14, 2014 – The Stock Exchange of Thailand (SET), joined hands with Capital Nomura Securities pcl, led a group of nine Thai listed companies to meet with 33 foreign funds worth a total USD 433 billion, during a roadshow, called “Thailand Corporate Day 2014”, in Hong Kong and Japan on July 7 and 9-11, 2014. SET Executive Vice President Pakorn Peetathawattchai said, “Over 170 meetings were organized for Thai listed companies to meet with 11 funds in Hong Kong and 22 funds in Japan. It was a great opportunity for the Thai firms to directly present company’s strengths and market fundamentals to foreign funds. At the same time, the funds could also gain insights into strong fundamentals of the companies and the Thai economy, especially the recovery and potential growth after the roadmap plan by the military administration.” “SET values overseas roadshows and makes it a priority in building understanding and boost confidence on investment decision among foreign funds. The various meetings were well received, creating better understanding on issues involving Thailand. The fund managers were interested and impressed in the Thai firms’ strengths on both domestic performance and business diversification to overseas markets, as well as Thailand’s unique quality of resilience to internal and external situations,” Pakorn added. Nithi Wanikpun, Capital Nomura’s head of research, said that most Japanese funds investing in the Thai market were large-sized funds with long-term investment. As before, they were well familiarized with the Thai market, understood Thailand’s political situation, and felt confident on the Thai firms’ strengths. This time they mostly pinpointed on Thai firms’ business potential, outlook and direction, including impact of political issues on business, as prominent key factors on investment decision. Virapan Pulges, Ticon Industrial Connection pcl (TICON)’s director and managing director, said that the company was well-received by Japanese funds with firm trust on the Thai economy and investment condition. They focused on the company’s business strategy and long-term growth, both domestically and regionally to gain opportunity via expanding in the ASEAN Economic Community (AEC), a good chance to invest in attractive stocks. The nine listed companies joining the roadshow were constituents in SET50 and SET100, namely Amata Corporation pcl (AMATA), Erawan Group pcl (ERW), Home Product Center pcl (HMPRO), Intouch Holdings pcl (INTUCH), MC Group pcl (MC), MCOT pcl (MCOT), Mega Life Sciences pcl (MEGA), Minor International pcl (MINT) and TICON. They have a combined market capitalization of about THB 578 billion (USD 17.9 billion) (data as of July 10, 2014). SET Group: “Matching Your Right Financial Opportunities”
Posted on: Tue, 15 Jul 2014 12:13:35 +0000
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