Thailand Focus 2014 reaffirms strength and confidence among foreign funds BANGKOK, Aug 19, 2014 – The Stock Exchange of Thailand (SET), together with Phatra Securities pcl and Bank of America Merrill Lynch, will hold Thailand Focus 2014 during August 27-29 at the Grand Hyatt Erawan Hotel, Bangkok, under the theme Reforming for Thailand Sustainable Growth, enabling investors globally to get insights of Thailands economy and investment from top executives in the money and capital markets. This event will be participated by 118 listed companies with a combined market capitalization of THB 10 trillion (approx. USD 308 billion). SET President Kesara Manchusree said, “Thailand Focus, the largest investment seminar in Thailand, will be held for the eighth year. This year will showcase the Thai capital market’s attractiveness and strong fundamentals of Thai listed companies for global institutional investors to get clearer picture of the Thai economy and politics, having restored foreign investors’ confidence since the second quarter of this year. Moreover, the second half looks more promising following the economic roadmap and stimulus plans by the National Council of Peace and Order.” “With continual increases of the SET index and trading value in the second quarter, it reflected investors’ keenness and confidence on the Thai economy and investment. SET has continued to expand investment into foreign countries by holding roadshows overseas to provide insights and updates of Thailand’s current situations, coupled with the performance of listed companies,” Kesara added. The event also provides opportunity to get information directly from a delegation of the National Council for Peace and Order (NCPO) presenting Thailand’s economic direction and policy, plus growth potentials and the country’s reform for sustainability. Bank of Thailand Governor Dr. Prasarn Trairatvorakul will reaffirm the country’s monetary policy to boost the economic growth. Krittiya Veeraburus, President, Phatra Securities, member of Kiatnakin Phatra Financial Group, stated, This is the fourth consecutive year that Phatra has been honored to co-host this flagship event. Investors are looking forward to joining the event as they will get information directly from NCPO, enabling them to have a clear understanding on the direction of our country. With rising level of confidence on domestic consumption and private investment after Thailand reform roadmap, economy continues to recover as political uncertainty eases. Furthermore, embedded with the solid business fundamentals, steady growth, and strong performance of Thai listed companies, combining with their abilities to expand their operation to Greater Mekong subregion countries, Thailand shall remain an attractive investment destination in the eye of foreign investors. We believe that the success of our country will continue to play a significant role for the growth and prosperity of the region.” Bank of America Merrill Lynch Country Head & Managing Director Ornkanya Pibuldham, said, The economy of Thailand will face challenges in this environment highlighted by slow economic growth. However, we remain cautiously optimistic and see indicators of renewed market confidence as we launch Thailand Focus 2014 with our partners, SET and Phatra Securities. Over the past two months, financial markets have rallied and the baht has strengthened, reinforcing our belief that strategic opportunities exist throughout this period. Amidst this background, we stand committed to our clients and dedicated to reinforcing the stability of our franchise in Thailand. Thailand Focus 2014: Reforming for Thailand Sustainable Growth is one of SETs activities to match the right financial opportunities for institutional investors around the world and boost capital market opportunities for Thai listed companies. For more information, please contact set.or.th . SET Group: “Matching Your Right Financial Opportunities”
Posted on: Tue, 19 Aug 2014 11:17:02 +0000
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