Asean bourses launch road show

A group of seven Southeast Asian bourses, including the Philippine Stock Exchange, on Saturday kicked off in Bangkok a series of road shows aimed at promoting blue-chip firms in the region as a profitable package of assets.

Dubbed “Invest Asean 2013,” the initiative of the Asean Exchanges highlighted 180 companies based in six members of the Association of Southeast Asian Nations, including 30 listed on the PSE.

Asean Exchanges also includes the Stock Exchange of Thailand (SET), Singapore Exchange, Bursa Malaysia, Indonesia Stock Exchange and Vietnam’s Hochiminh Stock Exchange and Hanoi Stock Exchange.

The tour’s launch in Bangkok was preceded by the SET’s own initial road show in Singapore last Jan. 10 for 11 Thai companies that want to attract foreign investors, particularly  from Europe, Hong Kong, Japan, Malaysia and Scandinavia.

The SET said in a statement that the Thai companies jointly presented their profiles to some 400 managers from 169 funds.

It said that in the road show dubbed “The Pulse of Asia Conference,” there were 85 other publicly listed Asian firms that made presentations, including those from the Philippines, China, Hong Kong, Indonesia, South Korea, Malaysia and Singapore.