The Stock Exchange of Thailand (SET) will showcase attractiveness and strength of the Thai capital market and the economy among foreign institutional investors on the upcoming two roadshows in the United States, Malaysia and Singapore in October and November, making a total eight roadshows held this year.
SET has successfully attracted foreign funds in the global financial hubs jointly visited with partners throughout the year. The amount of foreign holdings in Thai securities has significantly increased from 2013 (the closing date during January-April), especially from funds in Hong Kong, Malaysia and Singapore. All in all, this year’s eight inbound and outbound roadshows would be participated by 119 Thai companies to discuss and provide business insights to foreign investors in Canada, France, Hong Kong, Japan, Malaysia, Singapore, United Kingdom and United States.
SET President Kesara Manchusree said that with clear and solid economic stimulus measures announced by the new government, investors’ confidence has continuously risen. Evidently, foreign investors became net buyers for three months in a row during July-September, while investment and business moods were back to normal. As such, SET would strategically add two more roadshows in the United States, Malaysia and Singapore during the last quarter of this year to showcase the private sector’s strength and business expansions resulting from the country’s economic growth.
“Investors were mainly interested in the country’s economic direction as seen from the previous inbound and outbound roadshows. They need insights of government’s economic measures in short-, medium- and long-term plans. It was significant that most Thai firms joining the roadshows this year were medium-sized companies, in line with SET’s strategic plan aiming to boost visibility of these companies. The companies also took the opportunity to present to investors their business plans and advantages gained from the government’s policy,” Kesara added.
For the upcoming events, SET will join hands with partners to approach foreign investors currently having Thai stocks in their portfolios and requiring the situation updates for investment decision. During October 27-30, SET, together with KT Zmico Securities Co., Ltd. and Auerbach Grayson and Company LLC will hold “Thailand – Finding Alpha inside a Democratic Evolution” in New York and San Francisco, the United States. The event will be participated by Ekniti Nitithanprapas, deputy director of the Fiscal Policy Office, and 10 top executives of Thai companies.
During November 19-21, SET, together with Bank of America Merrill Lynch and Phatra Securities pcl will organize “Thai Corporate Forum” in Singapore and Malaysia with ten medium-cap companies joining to present their business potential in one-on-one and group meetings.