Memoirs of an Asian Fund Manager

This site is a collection of my personal views on certain events that are happening around Asia. They do not constitute any official opinion or my official view in my capacity as investment advisor for NTAsset and NTAsian Discovery Fund.

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16 January, 2006

Thai Beverage listing

I don't know why, but the protests against the listing of Thai Beverage on the SET really perplexes me. Am I just a total capitalist with no moral fibre or are people right to protest against the listing of one of its largest liquor manufacturer in the country. Of course the fact that predominantly Buddhist Thailand has one of the highest rate of consumption of liquor in Asia and the fact that even if Thai Beverage doesn't list in Thailand but instead lists in Singapore with little hiccup to its financing requirements are probably minor points. Still, I feel that it is hypocritical to a large extent, especially if these energies are better spent protesting against the government and corruption rather than against a somewhat questionable cause. Quite rightly, the SET President, Khun Kittirat, has vowed to resign if Thai Beverage lists in Singapore before Thailand.

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