- SET Index closed at 1, points at the end of January, up 5.58 percent from the end of 2014.

Transcription

1 SET News 15/2015 Feb 9, 2015 Thai bourse market report for January 2015 Bangkok, February 9, 2015 The Stock Exchange of Thailand (SET) main index ended January at 1, points, up 5.58 percent from end-2014, boosted by the European Central Bank s announcement on quantitative easing program, although the Swiss National Bank s announcement on scrapping the three-year-old cap on its currency against the euro hit the sentiment. The combined average trading value of SET and mai remained high at THB billion (approx. USD 1.68 billion), while the combined market capitalization of SET and mai was THB trillion. Key highlights Securities - SET Index closed at 1, points at the end of January, up 5.58 percent from the end of At the end of January, The combined market capitalization of SET and mai increased from a month earlier: the SET s was THB trillion, up 6.16 percent, while mai s was THB billion, up 5.46 percent. - The forward P/E ratio of SET was times, while mai s was times. - The dividend yield of SET was 2.89 percent, while mai s was 0.66 percent. - In January, the combined average trading value of SET and mai was THB billion. - The foreign investors were net sellers of equity market, worth THB 5.31 billion, and were also net sellers of bond market at THB 16.6 billion. - Listed companies on SET and mai raised funds through equity worth a combined THB 6.99 billion, up 4.47 percent from a year earlier. In the primary market, THB 4.74 billion was raised from initial public offerings (IPOs) of two companies on mai and a real estate investment trust, while THB 2.25 billion was raised from the secondary market. Derivatives - In January, derivatives trading volume was 183,596 contracts, down 33 percent from a month earlier, mostly due to drops in SET50 index Futures and Single Stock Futures. For more information, please visit SET Group Matching Your Right Financial Opportunities Members of the media please contact the Public Relations Unit, Corporate Communications Dept.:Arada Kultawanich tel: +66 (0) / Darawan Maleesri tel: +66 (0) / Kanokwan Khemmalai tel: +66 (0)

2 SET bourse market report January 2015

3 Agenda SET in the regional context Market developments: SET & mai Derivatives market

4 SET in the regional context In January 2015, foreign investors sold net USD 128 million in the Thai stock market, similar to Korea. However, foreign investors were net buyers in other regional markets. Foreign net trading value Unit: million USD Net buy / sell. Yearly Quarterly Monthly H13 2H14 3/2014 4/2014 Oct Nov Dec Jan THAILAND 2,504-6,204-1,091-3, ,159-1, INDONESIA 1,703-1,808 3,766-1, PHILIPPINES 2, , VIETNAM TAIWAN 4,904 9,117 13,190 8,861 2, , ,300-1,306 2,143 INDIA 24,474 19,939 16,118 6,599 6,200 3,896 2, , ,017 KOREA 15,069 4,853 5,684 12,889 2,790 5,205-2,414-2,004 1,554-1,964-1,033 Source: Bloomberg Note: excludes mai 3

5 SET in the regional context % -120 In January 2015, foreign investors sold net THB 5.3 billion in Thai stock markets and THB 16.6 billion in Thai bond market. 100% 10% Foreign investors net trading value in bond and equity 90% markets* Unit: trading value (billion THB); exchange rate (THB/USD) 80% Government bond (LB+TB) Central bank bond(cb) Equity % % % % Y % 80% 70% 60% 50% 40% 30% 20% 10% % Y % % 26% 15% 15% 80% ม.ค. - ก.ย Y2015(YTD) 90% 80% 70% Q3/ Q4/14 90% 80% 70% 60% 50% 100% 90% 80% 70% 60% 50% 40% % Oct 14 90% 80% 70% Sources : SETSMART, Thai BMA, BOT * SET+ mai % 30% % 26% Nov 14 50% 40% 20% 10% 90% 80% 70% 0% 60% 50% 40% 30% 20% 10% 0% Dec 14 26% 15% 15% ม.ค. - ก.ย ม.ค. - ก.ย % % 100% 100% 10% 10% 90% 10% 90% 90% 100% 90% 80% 80% 80% 80% 70% 60% 70% 70% 50% 70% 40% % 60% % 20% 26% 60% 10% 50% 50% 0% 15% 50% 26% 40% 40% 26% 15% 30% 40% 30% 30% Jan 15 Exchange rate 5-9Jan Jan % 26% 15% 15% ม.ค. - ก.ย Jan % % 15% 26-30Jan Depreciate Exchange rate at end period (THB/USD) Appreciate Foreign investors sold net THB 5.3 billion of Thai stocks* in January

6 SET in the regional context As of January 30, 2015, SET index closed at 1, up by 5.58% YTD. Stock index change (%YTD) Unit: percent; (end of Dec 2014 Jan 30, 2015) In USD In local currency Malaysia China Indonesia Singapore Taiwan Korea Hong Kong Thailand Philippines 5-year ( ) index performance) Unit: percent; (end of Dec 2009 Dec 2014) In USD In local currency China Hong Kong Taiwan Korea Singapore Malaysia Indonesia Thailand Philippines Source: Bloomberg * EM = MSCI Emerging Markets Index 5

7 SET in the regional context YTD, SET performance surpassed its regional peers. In addition, SET continued to outperform MSCI World Index and MSCI Asia ex Japan Index. Stock index movement Data as of Jan 30, 2015; rebased end-2014 = Thailand Philippines Dec 14 5 Jan Jan Jan Jan Jan Jan 15 Thailand Vietnam Indonesia Malaysia Singapore Dec 14 5 Jan Jan Jan Jan Jan Jan 15 MSCI Asia ex Japan Index MSCI Emerging Markets Index MSCI World Index MSCI Frontier Markets index Source: Bloomberg 6

8 SET in the regional context Forward P/E ratios for SET and mai at end of January 2015 were at and times respectively. Forward P/E of Thailand and regional comparisons Unit: times Average as end-jan 2015 is times Philippines Malaysia Indonesia Singapore Taiwan Vietnam China Hong Kong Korea SET mai End of January 2014 End of December 2014 End of January 2015 Source: Bloomberg Forward P/E Ratio : The measure of the price-to-earning ratio (P/E) using forecasted earnings for the next 12 months in the calculation. 7

9 SET in the regional context At end of January 2015, dividend yield of SET was at 2.89%, while mai s dividend yield was at 0.66%. Market Dividend Yield Unit: percent Average as end-jan 2015 is 2.53% Hong Kong Singapore Malaysia Taiwan Philippines China Indonesia Korea SET mai End of January 2014 End of December 2014 End of January 2015 Source: Bloomberg; Market dividend yield : Previous 12-month dividend value divided by market index at the end of the month. 8

10 SET in the regional context SET has consistently been the most liquid market since end-2012 and has had the highest turnover velocity in the region. Daily average turnover* ( ) Unit: million USD Share turnover velocity** ( ) Unit: percent , Thailand Singapore Malaysia Thailand Singapore Malaysia Indonesia Philippines Indonesia Philippines Source: World Federation of Exchanges (WFE) * Daily average turnover calculates by trading value / number of business days ** The turnover velocity is the ratio between the Electronic Order Book (EOB) turnover of domestic shares and their market capitalization. The value is annualized by multiplying the monthly average by 12 9

11 SET in the regional context The market capitalization of Thai stock markets at end-2014 increased to USD 430 billion, up by 21.5% from end Domestic Market Capitalization Number of Listed Companies Unit: billion USD; data as of end-december 2014 (...%) Percentage change (YoY) December December 2014 (4.3%) 3,233 (36.8%) 1,558 (3.4%) (1.1%) (-8.3%) (21.5%) (21.8%) (20.5%) 262 Unit: companies; data as of end-december 2014 ( ) Change (YoY) December December 2014 (+248) 5,542 (+109) (-5) (+14) (-1) 1,752 (+29) (+23) (+6) 263 Source: World Federation of Exchanges (WFE) * Bombay SE 10

12 Market developments: SET & mai Market capitalization of SET and mai at end of January 2015 accounted for THB trillion and THB 403,986 million, increasing by 6.16% and 5.46% from end-2014 respectively. SET Market capitalization and SET index 20,000,000 15,000,000 10,000,000 5,000, , ,496, % 1, , ,856,283 14,709,979 1, ,307,020 1, , , , , , , , ,358,124 13,503, (YTD) Jan14 Jun14 Jul14 Aug14 Sep14 Oct14 Nov14 Dec14 Jan15 mai Market capitalization and mai index 500, , , , , , % , , , , ,258 14,037, ,363 14,427, ,491 Unit: Market cap.(million THB) (LHS); Index (RHS) 14,423, ,703 14,678, ,256 13,856, ,075 14,709, (YTD) Jan14 Jun14 Jul14 Aug14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Source: SETSMART; note: EARTH Energy company had been moved from mai to trade on SET on January ,986 2,000 1,500 1, Unit: Market cap.(million THB) (LHS); Index (RHS)

13 Market developments: SET & mai YTD, SET performance improved across the board. Of which, consumption, industrial as well as property and construction sectors were among the top performers. SET index classified by industry. (Data as of Jan 30, 2015; rebased end-2014 = 100) SET index classified by industry. Unit: percent 31-Dec Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan-15 Source: SETSMART CONSUMP INDUS PROPCON FINCIAL SET SERVICE SET50 TECH RESOURC AGRO %YoY %MTD %YTD Weight Mkt cap Oct 14 Nov 14 Dec 14 Jan 15 Jan 15 SET % SET % Consumption % Industrial % Property Financial % Service % Technology % Resource % Agro & Food % 12

14 Market developments: SET & mai In January 2015, the proportion of trading value of small-cap securities increased significantly. In terms of sector, trading activities of banking, as well as property and construction were increasingly active. Proportion of trading value by size of security Unit: percent SET10 SET31-50 SET SET11-30 Non SET100 Daily average trading value (Unit: million THB) 45,466 55,287 54,408 55,775 50,358 61,589 55,918 55,287 Proportion of trading value by sector Unit: percent Property Construction Material Telecom Food and Beverage Bank Petrochemical Energy Others Source: SETSMART

15 Market developments: SET & mai In January 2015, Thai listed companies raised THB 6,993 million in equity market, of which THB 4,741 million in primary market and THB 2,252 million in the secondary market. Of which, there were 3 new IPOs ( 2 companies in mai and 1 REIT ). Type Annually % YoY Quarterly Monthly (YTD) 2015 (YTD) 3/2014 4/2014 Oct 14 Nov 14 Dec 14 Jan 15 Initial Public Offering 113,990 5,508 4, ,749 73,120 18,477 41,944 12,699 4,741 Secondary Offering - Public Offering Private Placement 60, , ,337 11,252 2,406 5,645 3,201 1,535 - Convertible Bond 3, ,789 2, Warrant 15, ,405 1, Right Offering 78, ,103 14,087 8, , Grand Total 272,991 6,695 6, , ,424 32,156 48,613 21,655 6,993 3 new IPOs: TREIT NDR TPCH Fund raising value in 2014 Fund raising value in Jan 2015 Unit: million THB Unit: million THB Source: SET 14

16 Market developments: SET & mai Daily average trading value of SET and mai accounted for THB 55,287 million in January 2015, up by 74.05% from January SET Daily average trading value and SET Index Unit: Trading value (million THB (LHS); Index (RHS) Daily average trading value SET Index at the end of period mai Daily average trading value and mai Index Unit: Trading value (million THB) (LHS); Index (RHS) Daily average trading value mai Index at the end of period 80,000 70,000 60,000 50,000 40,000 30,000 20,000 1, , , , , , ,317 49,275 48,511 48,965 41,605 44,133 1, , ,927 49,275 1,800 1,600 1,400 1,200 1, ,500 12,500 10,500 8,500 6,500 4,500 2, , , , , , , , , (YTD) Q3/2014 Q4/2014 Oct 14 Nov 14 Dec 14 Jan Q3/2014 Q4/2014 Oct 14 Nov 14 Dec 14 Jan 15 (THB million) (YTD) Daily average trading value % YOY 45, % 55, % Q3/2014 Q4/2014 Oct 14 Nov 14 Dec 14 Jan 15 54, % 55, % 50, % 61, % 55, % 55, % Source: SETSMART 15

17 Market developments: SET & mai In January 2015, daily average trading value was roughly stable, compared to that of December Local investors remained the most active segment, while foreign investors increased their participation. Daily average trading value and trading proportion classified by investor types Unit: million THB Daily 3,982 3,946 9,206 4,454 4,343 4,432 4,218 4,251 4,278 9,949 9,362 9,421 3,508 4,060 9,137 28,333 36,541 36,396 37,825 33,653 3,968 3,881 9,632 5,350 4,914 4,454 4,343 9,521 9,949 44,108 36,132 36,541 average trading value 45,466 55,287 54,408 55,775 50,358 61,589 55,918 55,287 Unit: percent 8.76% 8.68% 8.06% 7.86% 8.15% 7.75% 7.62% 7.67% 6.97% 8.06% 6.44% 6.30% 8.79% 20.25% 18.00% 17.21% 16.89% 18.14% 15.64% 9.57% 8.06% 7.86% 17.03% 18.00% 63.32% 66.09% 66.89% 67.82% 66.83% 71.62% 64.62% 66.09% (YTD) Source: SETSMART Q3/2014 Q4/2014 Oct 14 Nov 14 Dec 14 Jan 15 Local Investors Foreign Investors Local Institutions Proprietary Trading 16

18 Market developments: SET & mai In January 2015, foreign investors were net sellers in Thai stock markets for the second consecutive month, of about THB 5,305 million. Net trading position classified by investor type (YTD) Unit: million THB, as of Jan 30, ,829-5,305 9,869 8,265 Local Investors Net trading value of foreign investors Foreign Investors Local Institutions Proprietary Trading Unit: million THB, as of Jan 30, ,339 11,771-35,696-5,305-31,846-16,028-27,589-5, (YTD) Q3/2014 Q4/2014 Oct 14 Nov 14 Dec 14 Jan 15 Source: SETSMART 17

19 Market developments: SET & mai The number of investors in Thai stock markets at end-2014 reached a new high of 1.10 million accounts, while the number of active trading accounts slightly decreased from the previous month, or about 31.4% of the total accounts. The average trading value per account was down to THB 3.24 million. Number of active investors and active rate* 600, , , % 28.0% 260, , % 21.1% 20.5% 24.6% 24.3% 26.4% 29.8% 31.9% 29.9% 219, , ,355 Unit: No. of clients (LHS); % active rate (RHS) clients active rate 36.2% 31.6% 32.1% 31.4% 231, , , , , , , , , ,457 40% 30% 20% 10% Dec 13 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 0% Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Number of investors (clients) 974, ,098, , , , , , , ,050 1,003,046 1,019,933 1,042,492 1,064,802 1,078,080 1,098,731 % YoY of Number of investors 33.7% 9.1% -0.3% -22.7% -25.6% -22.9% -14.0% -10.8% 5.0% 30.1% 23.1% 10.14% 11.91% 11.96% 12.71% Trading Value / Clients (Million baht) % YoY of trading value / Clients 15.5% -17.3% -25.3% -29.2% -39.6% -42.2% -32.6% -25.0% -22.9% -11.6% -6.4% -3.0% -4.3% 17.7% 37.91% Source: SET Note: month average 2. December info * calculated by number of active accounts / total accounts 18

20 Market developments: SET & mai The number of active internet trading accounts increased to 246,782 accounts in December 2014, up by 77% from the same period last year. In addition, internet trading value in December 2014 increased by 221% from the same period of last year. Number of active internet investors 200, , , , , , , , , , , , , , , , ,782 53% 20% 14% -13% -19% -16% -10% -4% 13% 41% 35% 52% 48% 58% 77% Dec 13 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Internet Trading Value 600, , , , ,626 77% 6% 139, , , , ,260-33% -55% -63% -65% -48% -31% 256, , , ,818 4% 45% 66% 86% 62% Unit: No. of clients (LHS); %YoY (RHS) 552, , , , % Dec 13 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 % Internet trading value Dec 13 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Comparing with total trading value (%) Comparing with trading value of local investors (%) Source: SET Note: 1. monthly average value 2. calculated by sum of monthly internet trading value / sum of monthly total trading value 150% 300% 200% 100% 0% -100% Unit: million THB (LHS); %YoY (RHS) 300% 200% 100% 0% -100% -200% 19

21 Market developments: SET & mai As of 23 January 2015, assets under management (excluding Vayupak Fund) in domestic equity funds increased by 3.6% YTD. On the other hand, assets under management of foreign equity funds decreased by 0.4% YTD. Asset under management Unit: million THB; as of Jan 23, 2015 Net asset value Fund type End of year End of Month Oct 14 Nov 14 Dec Jan 15 %YTD % proportion Equity Fund 712, , , , , , % 26.4% Fixed Income Fund 1,694,388 2,069,810 2,107,173 2,092,102 2,069,810 2,089, % 56.0% Mixed Fund 89, , , , , , % 2.8% Property Fund 230, , , , , , % 7.5% Infrastructure fund 128, , , , , , % 3.8% Others 71, , , , , , % 3.4% Total 2,926,613 3,681,694 3,690,729 3,721,147 3,681,694 3,732, % 100.0% Equity fund classified by destination Domestic Equity Fund (Exclude Vayupak Fund) 416, , , , , , % 55.1% Vayupak Fund 255, , , , , , % 33.6% Foreign Equity Fund 40, ,210 99, , , , % 11.2% Total 712, , , , , , % 100.0% Equity fund classified by special fund group Long-Term Equity Fund (LTF) 213, , , , , , % 28.0% Retirement Mutual Fund - Equity (RMFEQ) 47,801 65,019 61,227 62,681 65,019 68, % 6.9% Other Equity fund 194, , , , , , % 31.5% Vayupak Fund 255, , , , , , % 33.6% Total 712, , , , , , % 100.0% Source: Summation of Asset Size by Classification report, Association of Investment Management Companies 20

22 Market developments: SET & mai In 2014, LTF recorded net subscription of THB 24.4 billion, compared to THB 17.4 billion in Meanwhile, foreign equity fund saw significant increase in net subscription of THB 49.2 billion in 2014, compared to THB 4.2 billion in Net new flow for mutual fund Source: The Securities and Exchange Commission Unit: million THB; as of Dec 30, 2014 Net new fund flow Fund type Y2013 Oct Nov Dec Y2014 Oct Nov Dec Equity Fund 77, ,829 21,748 97,080 17,141 4,168 33,399 Fixed Income Fund 42,536 4,722-12,936 27, ,936 43,074 18,863 21,720 Mixed Fund 134,289 4, ,619 32,768 3, ,431 Others -8, ,883 2, Total 245,192 9,549-3,161 52, ,667 66,512 23,898 57,295 Equity fund classified by destination Domestic Equity Fund 73,134 1,301 8,502 20,547 47,827 11,762 4,338 33,181 Foreign Equity Fund 4, ,201 49,253 5, Total 77, ,829 21,748 97,080 17,141 4,168 33,399 Equity fund classified by special fund group Long-Term Equity Fund (LTF) 17, ,821 15,648 24,355 4,686 3,082 22,438 Retirement Mutual Fund - Equity (RMFEQ) 5, ,517 5, ,799 Other Equity Fund 50, ,326 3,583 66,962 11, ,161 Total 73, ,829 21,748 97,080 17,141 4,168 33,399 21

23 Derivatives market In January, 2015, the daily average trading volume of derivatives market was at 183,596 contracts, down by 33% from the previous month. SET50 Index Futures and Single Stock Futures mostly contributed to the decline. Daily average trading contract classified by instruments Unit: contracts; as of Jan 30, %YOY 3 Q3/14 Q4/14 %QOQ 4 Oct 14 Nov 14 Dec 14 Jan 15 % MOM 5 (YTD) SET50 Index Futures* 58,790 93,504 59% 66,773 91,082 36% 80,792 66, ,937 93,504-26% SET50 Index Options % % , % Single Stock Futures 80,100 80,959 1% 118, ,420-13% 93,839 82, ,028 80,959-40% 50 Baht Gold Futures % % , % 10 Baht Gold Futures 1 5,319 5,646 6% 5,256 5,755 9% 5,613 6,320 5,346 5,646 6% Interest Rate Futures n.a. - - n.a n.a. Silver Futures n.a. - - n.a n.a. Brent Crude Oil Futures % % % USD Futures 1 1,265 1,831 45% 1,534 2,441 59% 2,272 2,033 3,036 1,831-40% Sector Index Furtures n.a. - - n.a n.a. All Products 2 147, ,596 25% 193, ,548 6% 184, , , ,596-33% Note 1 Calculate from the total volume traded during that period, divided by the number of business days in that period. 2 Calculate by total trading volume of each instrument / number of business days of each instrument. 3 Calculated from the average daily trading volume of year2014 with year Calculated from the average daily trading volume in Q4/2014 with Q3/ Calculated from the average daily trading volume in January 2015 compared with Decmeber *TFEX has modified its SET50 futures contract to have a smaller contract size on May 6, The new SET50 futures, or mini-set50 futures, have a contract size that is one-fifth that of the previous one. The contract multiplier was reduced Source: SETSMART from THB 1,000 per index point to THB 200 per index point, resulting in a drop in size to about THB 200,

24

25 Appendix 1 Market Statistics As of January Q1/2014 Q2/2014 Q3/2014 Q4/2014 Nov 2014 Dec 2014 Jan 2015 SET SET Index 1, , , , , , , , , , , , Market Dividend Yield (%) Market P/E Ratio 1/ Market P/BV Total Turnover Value (M.Baht) 7,040, ,615, ,777, ,193, , ,853, ,296, ,007, ,035, ,046, ,018, , Daily Turnover Value (M.Baht) 28, , , , , , , , , , , , Number of Listed Securities ,141 1,592 1, ,278 1,281 1,408 1,592 1,524 1,592 1,611 Newly Listed Companies Raising value of New Listed Securities (M.Baht) 2/ 22, , , , n/a 14, , , , , , n/a Total value of Newly Listed Securities (M.Baht) 3/ 3, , , , n/a 3, , , , , n/a Delisted Listed Companies No. of Companies moved from mai to SET No. of Companies moved from SET to mai Total Capitalization (M.Baht) 8,407, ,831, ,496, ,856, ,709, ,205, ,358, ,427, ,856, ,678, ,856, ,709, mai mai Index Market Dividend Yield (%) Market P/E Ratio 1/ Market P/BV Total Turnover Value (M.Baht) 151, , , , , , , , , , , , Daily Turnover Value (M.Baht) , , , , , , , , , , Number of Listed Securities Newly Listed Companies Raising value of New Listed Securities (M.Baht) 2/ 4, , , , , , , , , , , , Total value of Newly Listed Securities (M.Baht) 3/ 1, , , , , , , , , Delisted Listed Companies No. of Companies moved from mai to SET No. of Companies moved from SET to mai Total Capitalization (M.Baht) 77, , , , , , , , , , , ,985.81

26 Appendix 1 Market Statistics As of January Q1/2014 Q2/2014 Q3/2014 Q4/2014 Nov 2014 Dec 2014 Jan 2015 SET & mai Trading value proportion separated by investor types % % % % % % % % % % % % Local Investors 55.26% 54.99% 57.12% 62.32% 66.09% 49.00% 58.56% 66.89% 67.82% 71.62% 64.62% 66.09% Foreign Investors 22.78% 24.24% 21.74% 20.25% 18.00% 29.29% 22.16% 17.21% 16.89% 15.64% 17.03% 18.00% Local Institutions 8.77% 7.78% 8.53% 8.76% 8.06% 10.22% 10.10% 8.15% 7.62% 6.44% 9.57% 8.06% Proprietary Trading 13.19% 13.00% 12.61% 8.68% 7.86% 11.99% 9.19% 7.75% 7.67% 6.30% 8.79% 7.86% Net Buying Position(M.Baht) Local Investors 33, , , , , , , , , , , Foreign Investors -5, , , , , , , , , , , , Local Institutions -29, , , , , , , , , , , , Proprietary Trading 1, , , , , , , , , , , , Daily Turnover Value (M.Baht) 29, , , , , , , , , , , , Total Capitalization (M.Baht) 8,485, ,964, ,674, ,239, ,113, ,383, ,594, ,756, ,239, ,066, ,239, ,113, Source: The Stock Exchange of Thailand Note: 1/ Historical P/E which calculated from market price of common stock divided / earnign per share 2/ Calculated from IPO Price multiplies with number of listed shares 3/ Calculated from IPO Price multiplies with IPO shares Source: The Stock Exchange of Thailand