HALISTER1: BBL Asset Management Buys Thai Shares After Early Drop in Stocks

BBL Asset Management Buys Thai Shares After Early Drop in Stocks

(Bloomberg) -- BBL Asset accumulates specific Thai stocks as a slump in prices boosts their appeal relative to the outlook for earnings, Voravan Tarapoom, BBL Asset’s chief executive officer, tells reporters Monday.
  • Co. says money flowed in to its equity fund Monday after an early slump in Thai stocks
  • Medium- to long-term outlook for Thai stocks remains sound, with companies offering attractive dividend yields
  • Investors should be cautious when assessing market rumors or negative news during a period of volatility: Voravan
  • NOTE: Thailand’s SET Index fell as much as 2.9% Monday and traded down 1.4% at the midday trading break
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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