Thai bourse hosts roadshow in 6 European countries

Tuesday 25 June 2013 10:20
The Stock Exchange of Thailand (SET) together with ACL Securities Co. Ltd. and BNP Paribas Thailand hosted the “SET & BNP EU/UK Roadshow 2013” in Europe, covering Germany, Netherlands, Sweden, Denmark, Scotland, and England) during June 17-21, with over 300 meetings between listed companies and investors, hitting a record high for international joint roadshows between SET and securities companies.

Chanitr Charnchainarong, Executive Vice President and Head of the Issuer & Listing Division, said: “SET & BNP EU/UK Roadshow 2013 was highly successful. Over 100 institutional investors in six countries directly met executives of Thai listed firms from six sectors to discuss insights and investment opportunities. The very high number of meetings showed the increasing interest of foreign investors in the Thai capital market. Held during a volatile global market situation, this was a good opportunity for companies to present their latest business updates to assure foreign investors of their strong business potential as well as the growth prospects of the Thai economy. Foreign investors also saw Thailand’s attractiveness as a portal to promote business growth in the Greater Mekong Subregion.” Richard Markarian, Managing Director of ACL Securities, said: “European investors showed their interest in discussing in-depth business insights and strategies with executives of Thai listed companies that could help them recognize the potential of the firms, especially during a volatile global capital market. Positive feedback from investors during the roadshow made us proud of ACL Securities and BNP Paribas Thailand.” Kittiya Todhanakasem, Senior Executive Vice President and Chief Financial Officer of Krung Thai Bank (KTB), said: “Europeans are interested in the potential of the Thai economy and in the role of commercial banks involved with the government’s public utilities investment plan. Investors showed their satisfaction with KTB’s previous business performance and discussed opportunities for growth among increasing competition between commercial banks.” Naris Cheyklin, Senior Executive Vice President of Central Pattana pcl (CPN), said: “An expansion of domestic and regional consumption, the growth of trade and the economy, together with the role of Thailand as an economic center for ASEAN, attracted foreign investors to discuss the company’s expansion and strategies to grow with the rapid economic changes.” The listed companies joining the roadshow were Asia Aviation pcl (AAV), Advanced Info Service pcl (ADVANC), Amata Corporation pcl (AMATA), Bangkok Bank pcl (BBL), Central Pattana pcl (CPN), The Erawan Group pcl (ERW), Shin Corporation pcl (INTUCH), Khon Kaen Sugar Industry pcl (KSL), Krung Thai Bank (KTB), PTT pcl (PTT), PTT Exploration and Production pcl (PTTEP), Ratchaburi Electricity Generating Holding pcl (RATCH), and Ticon Industrial Connection pcl (TICON). These firms have a combined market capitalization of THB 3.59 trillion (approx. USD 119.67 billion), representing 30 percent of the total market value as of June 21, 2013. The roadshow was held in six major cities, namely Frankfurt, Stockholm, Copenhagen, The Hague, Edinburgh and London.

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