Thailand’s stock market, shaking off threat of being shut-down, challenges S’pore, HK with IPO plan

 

Just briefly, Bloomberg, the global wire service, reports that Thailand’s stock market, SET, will allow initial public offerings (IPOs) of foreign companies for the first time as Asia’s 11th-largest equity market seeks to compete with Hong Kong and Singapore as a regional hub for stock listings. Bloomberg reports several Chinese companies have already expressed interest in selling shares in Thailand, and rules for the offerings will be announced this quarter, Vorapol Socatiyanurak, the secretary general of Thailand’s Securities & Exchange Commission (SEC), said in an interview in Bangkok on Tuesday.

Thailand’s economy is reeling from a re-surgence of Fascism, that have lead the Fascist protesters to make threat to close down Thailand’s stock market.

Bloomberg says, while Thailand’s US$341 billion (RM1.13 trillion) equity market is about a tenth the size of Hong Kong’s, growing interest in stocks from the Southeast Asian nation’s 67 million people led them to pour US$2.7 billion into the market last year. The benchmark SET Index trades at a valuation premium over the Hang Seng Index and Singapore’s Straits Times Index, even amid anti-government protests that spurred Prime Minister Yingluck Shinawatra to declare a state of emergency here yesterday.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s