ข่าวประชาสัมพันธ์การเงิน/หลักทรัพย์

ING Thai Trigger 10% Fund (7) achieves its 10% target return in only 1 month and 25 days

          Thai Equity market outlook for 2013: Improving fundamentals could push SET index to 1,500 ppts by year end 2013
          Khun Jumpon Saimala CEO, ING Funds Thailand announced today that it took only 1 month and 25 days for the ING Thai Trigger 10% Fund (7) to reach its target return. The highly successful fund was launched last November 2012 and after roughly 2 months, the fund achieved its target of 10% with a Net Asset Value (NAV) of 11.0190 Baht per unit. Auto redemption of the funds will be made on the 9th of January 2013. 
          In addition, he added that despite market volatility, tepid growth in the US and an going EU debt crisis coupled with a slow down of the Chinese economy, the Thai equity market preformed quite well in 2012, with year end gains of 35.69% and net foreign purchases in Thai equities remained strong totaling 76 billon THB. (Source: SET) Moreover, the SET Index level is the trading at the highest level in 16 years, which during 2012, ING Funds (Thailand) launch a total of 3 Thai Trigger Funds, ING Thai Trigger 10% Fund (5) (6) and (7). It took ING Thai Trigger Funds (5) and (6) 3 months and 19 days to reach their respective 10% Trigger points. However, ING Thai Trigger 10% Fund (7) took only 1 month and 25 days to reach its 10% target, Khun Jumpon added. 
          For the 2013 Thai equity market outlook, Khun Jumpon believes that there is a good chance that the Thai equity market and SET Index could reach 1,500 ppts by year end 2013. Thai economic fundamentals remains strong and continues to improve, he said and the global economic outlook is better than 2012. The engine driving Thai economic growth which is expected to grow roughly 4.8 % in 2013 (according to Bank of Thailand estimates) will come from increased domestic consumption, public and private investment as a result of new government infrastructure projects and a recovery in Thai exports, he said. This will support healthy growth in listed companies’ profitability in 2013, he added. Apart from Thai strong economic fundamentals, there is ample and increasing liquidity in global capital markets as a result of continued Quantitative Easing measures from the US and liquidity injection from the EU, he added. This will support continued foreign fund flows in Thai Capital markets in 2013. 
          Thai equity market valuations also remain attractive given the fact that earning growth in the Thai market in 2013 is estimated at 19.1% in 2013 with an average estimated forward Price to Book earnings of 10.5 times (source: UBS, 28th November 2012) Dividend yields of the Thai market also remain higher than expected. 
          Lastly, Khun Jumpon recommended that given a better outlook in 2013, investors should invest in value stocks that have good fundamentals, attractive prices and high dividend payouts such as ING Thai Value Focus Equity - Dividend Fund. Other funds that are also of interest and should benefit from the strong growth and fund flows into both local Debt and Equities is the ING Thai Balanced Fund. For investors who are interested in offshore fixed income funds, ING Thai Global Emerging Market- Dividend Fund and ING Thai Asian Debt Regional Bond – Dividend Fund are recommended. 

          For more information, please contact at ING Funds (Thailand) Co., Ltd. – Sales & Distribution Department Tel – 02-688-7777 press 2 or www.ingfunds.co.th