SET kicks off 2017 roadshow in Hong Kong and Korea this month

Wednesday 15 March 2017 17:36
The Stock Exchange of Thailand (SET), Thanachart Securities pcl and Daiwa Securities Co., Ltd. has recently hosted "SET Roadshow 2017: Sustainable Thailand" the first outbound roadshow of 2017 in Hong Kong, on March 13 with over 120 meetings arranged for top executives of nine Thai listed companies and 33 foreign institutional funds, to present the firms' strengths and the Thai economy's growth potential. Furthermore, at the end of March, SET will join hands with KTB Securities (Thailand) Co., Ltd. to organize "SET Korea Roadshow 2017" in Korea, the new roadshow destination to expand the market.

SET Senior Executive Vice President Santi Kiranand said, "To present the quality and capability of listed companies showcasing their performance and potential to global institutional investors, this year SET has planned five roadshows at different global investment hubs to attract foreign funds, showcasing quality and performance of medium to small-sized firms with high potential growth. The first roadshow is in Hong Kong whereas a financial hub among global investors. Meanwhile, Hong Kong investors currently are Thailand's stock market's second most active foreign investors. The nine participating listed firms with a combined market capitalization of THB 401 billion (approx. USD 11.46 billion), representing 2.6 percent of SET's total market capitalization. The roadshow is well equipped with updated information on 2016 listed firm's performance with the combined earnings up 30.41 pct from last year, as well as economic information. There has been a good response from investors in Hong Kong as the Thai stock market is attractive compared to peers with lots of potential in mid and small-sized firms to invest, while there are some worries about the Federal Reserve's interest rate hike which could impact the global investment."

"Korea, a new potential market with high investment value, mostly long-term equity fund will be this year second roadshow. Currently, investment inflow from Korean investors is comparatively low, while Korean investors are looking for investment opportunities in Asia. As such this roadshow can be considered a significant venue to present first-hand information from listed firms in various industries to Korean investors to gain more confidence on Thai listed firms' potential," added Santi.

SET's upcoming roadshows will be in The United Kingdom, Japan, and Singapore. In addition, SET will organize the annual inbound roadshow called "Thailand Focus 2017".