||Asean Affairs 29 May 2013
Thai bourse supports ASCO in developing small- and medium-cap securities analysis
BANGKOK, May 28, 2013 – The Stock Exchange of Thailand (SET) is adhering to the philosophy "Matching Your Right Financial Opportunities" by focusing on the expansion of quality investor base through the collaboration with the Association of Thai Securities Companies (ASCO) to work on third party database service project to provide a stock analysis information for small- and medium-cap securities that are listed under SET 101-250. The stock analysis publication will help investors make investment decision more effectively and help stock brokers prepare in-depth analyses faster and more conveniently. The specialist company selected for this project is S&P Capital IQ, which will sign an Agreement with ASCO and Authorized brokers on May 28, 2013.
SET President Charamporn Jotikasthira said: “Securities trading data from the fourth quarter of 2012 to the present show that trading volume of stocks with small and medium market capitalizations has risen to be 45 percent of total trading volume, from 34 percent in the preceding period. These stocks have risen at the expense of stocks with big market capitalizations (e.g., those in the SET 50 Index). Therefore, SET and ASCO have collaborated to develop a third-party database service analyzing companies whose market cap ranks from 101-250 in SET, or a total of 150 companies. This cooperation will benefit both investors and securities companies, e.g., analysts can use the domestic and foreign companies’ financial database as the basis for a quick yet full analysis for investors. This project also supports the Securities and Exchange Commission’s policy calling for more analyses on small- and medium-cap stocks with high trading volume and lower operating costs of the Thai securities industry, as SET will be supporting this project for three consecutive years.”
Pattera Dilokrungthirapop, CEO of DBS Vickers Securities (Thailand) Co., Ltd, and ASCO chairperson, said: “In developing this project, ASCO has received financial support from SET. From the interested members of ASCO, today there are 10 member securities companies to officially sign up for this service.”
“ASCO has selected S&P Capital IQ to provide the research data using criteria that are in line with international standards, and thus investors can compare Thai listed companies with their foreign counterparts. With S&P Capital IQ’s detailed and varied data base, which can be accessed online in Excel format, analysts can further develop their in-depth research. Investors can also learn about the viewpoints of various analysts. All of these features will definitely contribute to the quality of the Thai securities industry as a whole,” Pattera added.
Jose Ordonez, Managing Director and Head of Asia Pacific Sales, S&P Capital IQ, said: “We are pleased to have this opportunity to collaborate with The Stock Exchange of Thailand and Association of Thai Securities Companies to provide investors with a superior investment solution by over 4,000 S&P Capital IQ professionals globally. The synergy of having extensive domestic network, broad and deep fundamental data coverage, and local market calibrated tool will empower investors in Thailand with transparency and efficiency in making investment decisions.”
Securities companies joining this project can provide investment data on small- and medium-cap securities immediately and will be able to develop analyst reports for interesting stocks soon.