Stock Exchange of Thailand sees more listings of foreign securitiesThailand expects more companies from neighbouring countries to raise funds on the local exchange through real estate investment trusts as authorities aim to expand investment alternatives for locals and foreigners. “A number of businesses have expressed interest in fund raising through asset spin-offs such as REITs,” Mr Manpong said in an interview Tuesday. Thai investors are hunting for investment alternatives as the central bank’s benchmark interest rate is at a record low, while the stock market has slumped, he said. Pakorn Peetathawatchai, who became the bourse’s president in June 2018, targeted the first stock listing of a foreign company on the Thai exchange in the first year of his term. Issues such as accounting standards and internal corporate controls make the listing of foreign companies “time consuming,” Mr Manpong said.

Source: Bangkok Post December 04, 2019 09:31 UTC