PTT Group considers guidelines to prevent insider

[webfact]

PTT Group considers guidelines to prevent insider 
By  PICHAYA CHANGSORN

The Nation
 

BANGKOK: -- PTT GROUP is considering guidelines for its directors, executives and staff, instructing them to avoid buying and selling shares in the group’s publicly listed companies, as part of its effort to prevent insider trading.

 

Chief executive officer and president Tevin Vongvanich said yesterday that the current “silent period” that stock-market authorities applied to listed firms’ directors and executives – which covered specific periods of time during which such buying and selling could take place – might not be sufficient, as insider information could be used for trading stocks at other times.

“[Our directors, executives and staff] should not trade shares at all, unless it is essential to do so, in which case they must inform the secretary of their company beforehand. This will make it transparent,” he said.

 

Full story: http://www.nationmultimedia.com/news/business/corporate/30297899

 

-- © Copyright The Nation 2016-10-19

[ChrisY1]

Can't ever imagine solid rulings from PTT executives to stop themselves trading with oversight

[klauskunkel]

Had to google my suspicion that Thailand indeed has an SEC, her is their logo:

 

 

there doesn't seem to be a line or color that represents insider trading...

[waldroj]

4 hours ago, webfact said:

PTT Group considers guidelines to prevent insider 

 

Even though the headline missed the last word, they have pretty much got the context of the message correct.

 

The only thing needed is to underline the key word, so the message should read, "PTT Group considers guidelines to prevent insider trading...".

 

That will be the beginning and the end of their effort - after all,  as the largest company listed on SET, they probably have a fair bit of influence on how that market performs, and can be manipulated.

 

The SET is no stranger to big name manipulation, as evidenced by the insider trading carried out within CP All. More specifically, despite strong demands from foreign investors for action, it is reported that the company took no action against its executives (http://www.bloomberg.com/news/articles/2016-02-18/cp-all-pressured-by-investors-to-take-action-on-insider-trading). And, as so typical of the "elite" of this country, it seems that they believe a simple apology on their part is all that is needed (http://www.reuters.com/article/cp-all-chairman-insidertrading-idUSL3N17O2ZW).

 

With foreign investors making a strong return to the SET throughout 2016, it is important that insider greed and manipulation doesn't drive them away (again) !!!

 

 

[Brer Fox]

If there is a TVN Humour Forum then that is where this story should be.