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Liquidity key to stock ban.

Bangkok Post (Bangkok, Thailand)

| July 06, 2005 | COPYRIGHT 2005 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

Jul. 6--TSFC Securities yesterday clarified that its list of 44 stocks banned from being used as collateral against loans to local brokers did not reflect the riskiness of the securities, but rather low liquidity.

The company, which operates as a "lender of last resort" to local brokers, last week announced its latest blacklist of stocks acceptable as collateral. The stocks include a number of brokers, such as Bangkok First Investment and Trust, United Securities and Adkinson Securities, property companies, such as Property Perfect and Krisdamahanakorn, and several solid stocks such as GMM Media, Big C and Major Cineplex.

Akrarat Na Ranong, the TSFC ...

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Source: HighBeam Research, Liquidity key to stock ban.

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