BANGKOK, 7 May 2013 Stock Exchange of Thailand (SET) President Jarumporn Chotikasathien has expressed his confidence that the measures of the Bank of Thailand (BoT) on strong baht will not have an impact on the Thai stock market, given the Thai bourse is not the cause of the appreciation of the Thai currency.
According to the president, foreign investors have been showing their interests in the Thai stocks, thanks to the strong foundation of the Thai economy, which leads to listed companies rising profits. Since the stock exchange has nothing to do with the baht strengthening, whatever policy the BoT decides to come up with will not have any effect on the SET.
He further stated that the SET is planning for a roadshow overseas in the month of June. The roadshow will showcase the strength of the Thai stock market, which will likely attract more foreign investors into the country. The president said the trip would help the Thai stock market see a continuous growth and help listed companies expand their businesses.
