The Stock Exchange of Thailand (SET) and Maybank Kim Eng Securities (Thailand) pcl today organized the roadshow “Thailand Corporate Day” in Shanghai for the first time to highlight the strength of Thailand’s listed companies and potential of the Thai capital market, gaining interest from more than 40 China-based securities firms and asset management companies which the fund firms have combined assets under management of over USD 150 billion.
The roadshow underlined SET’s commitment to match the right financial opportunities for Thai listed companies by presenting information on the attractiveness of the Thai capital market and its firms to foreign institutional investors. In addition to regular visits to global major financial hubs such as Hong Kong, Japan, London, Singapore, and the United States, SET has also sought to attract new groups of investors having no experience in Thailand, including China, India, and the Middle Eastern countries, said Veerathai Santiprabhob, SET Chief Strategy Officer.
“During the past two years, SET has built relationships and met continuously with Chinese institutional investors and Chinese capital market units. We found that China-based funds allowed to invest abroad wished to invest in the Thai capital market for better returns. As can be seen from the index performance, while the main Shanghai index has dropped 5.50 percent since the start of this year (until September 17, 2012), the SET Index has surged 24.70 percent, making the Thai stock index the best performer among Asia’s main stock indices. Thus, Thailand Corporate Day is a great opportunity to provide updates on the Thai capital market’s resilience against global financial crises and last year’s flooding disaster directly to Chinese investors and funds,” Veerathai added.
The four companies joining in the event all are leaders in sectors benefiting directly from the government’s economic stimulus measures: 1. Food and beverage sector: Charoen Pokphand Foods pcl (CPF), 2. Property Development sector: Central Pattana pcl (CPN), 3. Banking sector: Kasikornbank pcl (KBANK), and 4. Energy sector: PTT pcl (PTT). These firms have a combined market capitalization of THB 1.79 trillion (USD 57.8 billion), representing 16.90 percent of total market value as of September 17, 2012.
SET continues to connect financial opportunities to investors in all segments. Organizing this roadshow in China is a strategy to match the right financial opportunities for foreign investors and Thai listed companies.