Bangkok--Feb 6--PTT
Mr. Viset Choopiban, President of PTT Public Company Limited, said PTT has continuously been receiving recognition from leading institutes in Asian Finance and Banking Industry for the firm’s successful privatization. Recently, PTT is awarded Thailand Capital Markets Deal Award from Thomson IFR Asia Annual Awards 2001 organized by IFR Asia. IFR Asia is a company operated under The Thomson Corporation, a well-known financial data service provider and a global business/finance training firm. PTT is the only Thai company to receive IFR Asia Awards which annually have given out 35 awards in Asia in various categories.
Mr. Viset said PTT is proud of being taken part in creating investment confidence in Thailand which is positive toward the stock market and the country’s economy as a whole. “PTT brings Thailand back to an international investment arena after Thailand has been absent from an initial public offering (IPO) since 1996. PTT is also the first Thai company since 1999 to be involved in stock transaction internationally. PTT has opened a new era for Thailand in international investment,” said IFR Asia in its publication.
PTT’s President added that share price of PTT is moving with stability thanks to the firm’s energy business operation which has strong business structure. PTT is considered a defensive stock, and it is very good for long-term investment rather than a short-term speculation.
In December last year, PTT was also awarded The Best IPO of the Year by an international financial publication, FinanceAsia. PTT had successfully sold out 920 million common shares with international book closing six times oversubscribed and three times over subscription by local institutional investors. End.
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