IAA to cover unpopular stocks
Investment Analysts Association (IAA) has asked stock regulators to earmark some budget to the association to conduct analysis reports on all the stocks in the Thai market, its chairman says.
There are 659 listed companies, of which 522 are traded on the Stock Exchange of Thailand (SET) and 137 on the Market for Alternative Investment, but only 100-150 stocks are covered by 300 analysts working for stockbrokers, said Paiboon Nalinthrangkurn, chairman of IAA.
Each broker has 10 securities analysts on average and each of them covers around 10 stocks, mostly describing profit-making and high-volume stocks, he said.
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