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Vayupak Fund to buy bargain shares in listed Thai state enterprises.

Bangkok Post (Bangkok, Thailand)

| September 02, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Parista Yuthamanop

Sep. 2--The government-guaranteed Vayupak Fund plans to raise its investments in listed state enterprises given current attractive valuations, according to Olarn Chaipravat, chairman of the Vayupak investment committee.

The 100-billion-baht Vayupak Fund has invested some 12 billion baht in new funds in the stock market, out of a total allocation of 30 billion.

"Low share prices and strong fundamentals has raised the attractiveness of the market. We will raise our investments in the market while prices are low. We will be purchasing more," Dr Olarn said.

The 10-year closed-ended fund was established in ...

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