SCB PRIVATE BANKING holds special forum on investment opportunities in uncertain times

Stocks and Financial Services Press Releases Wednesday May 3, 2017 16:05
Bangkok--3 May--Siam Commercial Bank

SCB PRIVATE BANKING recently held an exclusive Wealth Heritage Forum on how investors can manage risks and profit from change as global asset markets head into uncertainty. Titled "Opportunity Beyond Market Uncertainty"and featuring well-known experts, the forum covered the ongoing rise in market volatility in the wake of new political risks in the United States, Europe, the Middle East and Asia.

The emerging risks are headlined by Donald Trump's new term as president of the U.S. and his executive orders on immigration and refugees. In addition, markets are concerned about geopolitical conflicts in Syria, Afghanistan and the Korean Peninsula as well as Brexit and elections in France. These issues have impacted financial and investment markets worldwide. With this in mind, SCB PRIVATE BANKING focused the seminar on helping investors explore related opportunities and prepare for potential change. The seminar also helped families learn about strategies and practical approaches to managing the seamless transfer of wealth to the next generation. The seminar was joined by more than 100 individual investors and business owners.

The keynote topic, "Opportunities Beyond Market Uncertainty," was jointly addressed by Mr. Sornchai Suneta(CFA), first senior vice president, Investment Advisory, Siam Commercial Bank, in his capacity of the Chief Investment Officer in charge of SCB PRIVATE BANKING investment strategies, and Mr. Vana Bulbon (CFA), chief executive officer, UOB Asset Management Thailand Co., Ltd. Speaking about investment amid market uncertainty, Mr. Sornchai said, "Global economic growth will be fairly higher in 2017 than in the previous year. For the remaining part of the year, stocks in emerging markets appear to be more attractive than those in developed markets, based on average price multiples.Emerging economies have strong potential for growth in domestic demand as well as rebounding exports. Most interesting equities markets include emerging Asia markets, such as China, India and Thailand. In debt markets, corporate bonds offer notably higher coupon rates compared to government bonds of the same tenure, providing a cushion for potential negative impacts arising from the Fed's interest rate hikes. Credit spreads are getting narrower due to overall positive balance sheets of companies in line with the improving economy. Such factors would benefit investors tapping overseas markets for short-term investment in corporate bonds of both investment grade and high yield bond funds. Market risks and volatility for this year should remain mainly on geopolitical conflicts which must be closely monitored."

Regarding wealth management for families, Dr. Sathit Pongtanya, first senior vice president, Family Office Business, addressed the topic of "Professional Tax Management via a Holding Company." An expert on legal and tax matters, Dr. Sathit told wealth clients that they can benefit from the exemption of tax on dividends received from shareholding in a holding company. This entails formation of a holding company, which under Thai law holds a stake of at least 25% of shares in a Thai or foreign company according to criteria determined by the government. For the purpose of asset management for families, the Estate Planning and Family Office under SCB PRIVATE BANKING recommends use of a holding company in order to benefit from a lower tax rate compared to individual rates. A holding company also helps a family keep control of investment issues when engaging in a variety of businesses. This approach ensures that the family can seamlessly transfer wealth and assets from one generation to another.

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