Is it time for foreigners to cut their losses and get out of the Thai securities business, or is it a unique buying opportunity while business is depressed? As part of a global retreat from equities Barclays Capital has sold its 49% stake in Bangkok Securities only 18 months after purchase. But Merrill Lynch executives are excited about its new venture Merrill Lynch Phatra Securities which links it with one of the country’s leading institutions, Thai Farmers Bank.
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