Finance & Banking

IAA to educate about unpopular Thai stocks

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.

Source: www.bangkokpost.com

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Joe Miller
the authorJoe Miller
Born in Europe, raised in Australia, I have been living in Thailand for over 20 years and witnessed the many changes the country has undergone since the Asian Financial Crisis. I have spent time in Phuket, Samui, Hua Hin, and Chiang Mai, but when all is said and done I gravitate back to Bangkok. It is here that I spent years teaching at universities and running a software development company. These days I live on the Internet with Bangkok as my base. I never stopped believing in the enormous potential of the kingdom of Thailand, which is why I joined the ThaiVest Team.

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