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MAI cuts listings goal by 70% on poor mood.
Byline: Ploy Chitsomboon
Aug. 5--The Market for Alternative Investment yesterday slashed its target for new listings from 100 to just 30 companies this year because of poor market sentiment.
Vichate Tantiwanich, the MAI president, said the bearish market had led a number of companies to delay plans to list.
The MAI and the Stock Exchange of Thailand had earlier forecast that 100 companies would enter the capital market in 2005.
Those plans have come unglued because of slowing economic growth, soaring oil prices, the Dec 26 tsunami and ongoing violence in the South, events which have undermined investor confidence and led many companies ...
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