Thai Stock Exchange overseas road shows to boost market liquidity begin next week

BANGKOK, March 3 – The Stock Exchange of Thailand (SET) is set to carry out road shows overseas in many countries this year as part of its strategy to enhance liquidity in Bangkok’s stock market, according to SET President Charamporn Jotikasthira.

He said the objective of the road shows is to provide foreign investors with information on economic conditions, overall investment outlook, development of the SET, and planned listing of companies placed in the MSCI Index and those qualified to be put into the index, as well as companies with sound performance results.

Destinations which SET has targeted to provide information in the road shows are categorised into three groups.

The first target is foreign investors already invested in Thailand, such as those from London, New York, Boston, Japan and Singapore.

Second is a group of foreign investors who are in new financial hubs and are beginning investing in the Thai bourse, such as those from Australia, Taiwan, Malaysia and Canada.

Third is a group of foreign institutional investors, who have a lot of capital sources, but still lack information on investment in the Thai bourse such as those from China and Japan.

“Making road shows in these target destinations will help boost liquidity, which is considered a key drive for the stock market. Whenever the market enjoys high liquidity, it will attract more investors,” he said.

Mr Charamporn said the first road show, which is set to take place next week– March 7-11– would focus on providing information to Japanese investors at the “Daiwa Conference Investment 2011” event.

Four listed companies with sound performance results will join this road show. They are Thai Oil, Bangkok Bank, PTT (an energy and integrated gas company), and IRPC (an integrated upstream and downstream petrochemical products company). (MCOT online news)