- SET Index closed at 1, points at the end of February, up 0.4 percent from the end of January, or up 6 percent from the end of 2014.

Transcription

1 SET News 29/2015 Mar 12, 2015 Thai bourse market report for February 2015 Bangkok, March 12, 2015 The Stock Exchange of Thailand (SET) main index ended February at 1, points, up 0.4 percent from a month earlier, or up 6 percent from end- 2014, in spite of concerns over Greece s debt and Thai listed companies performance in the final quarter of last year. Meanwhile, the combined average trading value of SET and mai doubled to THB billion (approx. USD 1.8 billion), while the market capitalization of SET was THB trillion and mai was THB billion. As a result, as of February, 2015, Thai bourse s market capitalization surpassed Bursa Malaysia s, as such ranking second in ASEAN. Key highlights for February Securities - SET Index closed at 1, points at the end of February, up 0.4 percent from the end of January, or up 6 percent from the end of At the end of February, the combined market capitalization of SET and mai increased continuously from a month earlier: the SET s was THB trillion, up 1.04 percent from a month earlier, or up 7.27 percent from end-2014, while mai s was THB billion, up percent from a month earlier, or up percent from end The combined market capitalization of SET and mai recorded higher than Bursa Malaysia s and can therefore be considered as ranking second in ASEAN, after SGX s. - The forward P/E ratio of SET was times, while mai s was times. - The dividend yield of SET was 2.82 percent, while mai s was 0.58 percent. - In February, the combined average trading value of SET and mai was THB billion, more than double the value of the same period last year. - Foreign investors were net sellers of equity market, worth THB 6.64 billion. - Listed companies on SET and mai raised funds through equity worth a combined THB 62 billion. In the primary market, THB billion was raised from initial public offerings (IPOs) of three companies and one infrastructure fund on SET, while THB 3.25 billion was raised from the secondary market. From January to February 2015, the combined fundraising of listed companies on SET and mai was THB billion, a 7.4 times jump over the same period of last year. Derivatives - In February, derivatives trading volume was 222,051 contracts, up 21 percent from a month earlier, mostly due to an increase in single stock futures, whose average trading volume was 132,252 contracts. 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 February 2015

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

4 SET in the regional context In February 2015, foreign investors sold net USD 213 million in the Thai stock market. Therefore, foreign investors remain net seller YTD. Foreign net trading value Unit: million USD Net buy / sell. Yearly Quarterly Monthly YTD H13 2H14 3/2014 4/2014 Nov Dec Jan Feb Jan-Feb 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, ,013 3,300-1,306 2,143 3,199 5,342 INDIA 24,474 19,939 16,118 6,599 6,200 3,896 2,304 1, , ,869 KOREA 15,069 4,853 5,684 12,889 2,790 5,205-2,414 1,554-1,964-1,033 1, Source: Bloomberg Note: excludes mai 3

5 SET in the regional context % During February 2015, foreign investors were net sellers in Thai stock markets and Thai bond market. Of which, they sold net THB 6.64 billion in stocks and THB 3.90 billion in bond respectively. 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 % % % % 80% % Y % 60% % 40% Y % % Y2015(YTD) 80% 70% 90% 80% 70% Q3/ Q4/14 90% 80% 70% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% % % 100% 10% 10% 90% 90% 80% 80% 10% 70% 70% 15% % 60% 50% 0% 50% 26% 40% 26% 40% 30% 15% 30% ม.ค. - ก.ย % 20% 15% 15% 10% 0% 10% ม.ค. - ก.ย % Dec 14 Sources : SETSMART, Thai BMA, BOT * SET+ mai 50% 40% 30% 20% Jan 15 15% Feb % 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 10% 100% 90% % 10% % 80% 70% 60% 50% 26% 40% 30% 15% 20% 10% 15% 0% 2-6 Feb 15 Exchange rate 100% 26% 15% 15% 70% 60% ม.ค. - ก.ย Feb15 50% 40% 30% % % 15% 15% ม.ค. - ก.ย Feb 15 10% % Feb Depreciate Exchange rate at end period (THB/USD) Appreciate Foreign investors sold net THB 6.64 billion of Thai stocks* during February

6 SET in the regional context The SET index closed at 1, as of 27 February 2015, up by 7.6% YTD in USD term. Stock index change (%YTD) Unit: percent; (end of Dec 2014 end of Feb 2015) 1.1 USD local currency Singapore Indonesia Malaysia China Stock index change (%MTD) Unit: percent; (end of Jan 2015 end of Feb 2015) Korea EM* USD Taiwan Hong Kong Thailand Philippines Vietnam India local currency Singapore India Philippines Indonesia Hong Kong Source: Bloomberg * EM = MSCI Emerging Markets Index Thailand Korea Vietnam Malaysia China EM* Taiwan 5

7 SET in the regional context YTD, SET performance is in line with peers. In addition, SET continued to outperform MSCI World Index and MSCI Asia ex Japan Index. Stock index movement Data as of Feb 27, 2015; rebased end-2014 = Thailand Vietnam Dec Jan Feb 15 Philippines Thailand Indonesia Malaysia Singapore Dec Jan Feb 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 February 2015 were at and times respectively. Forward P/E of Thailand and regional comparisons Unit: times Average as end of Feb 2015 is times Philippines Malaysia Indonesia Singapore Taiwan Vietnam China Hong Kong Korea SET mai End February 2014 End of January 2015 End February 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 February 2015, dividend yield of SET was at 2.82%, while mai s dividend yield was at 0.58%. Market Dividend Yield Unit: percent Average as end of Feb 2015 is 2.45% Hong Kong Singapore Malaysia Taiwan China Philippines Indonesia Korea SET mai End of February 2014 End of January 2015 End of February 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* ( Jan 2015) Unit: million USD 1,588 Share turnover velocity** ( Jan 2015) Unit: percent Oct 14 Nov Dec Jan 15 Thailand (YTD) Singapore Malaysia Indonesia Philippines Oct 14 Nov 14 Dec 14 Jan 15 Thailand Singapore Malaysia 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 of January 2015 reached USD 461 billion, surpassing that of Malaysia for the first time in the history and marking it the largest in Southeast Asia after Singapore. Domestic Market Capitalization Unit: billion USD; data as of end-january 2015 (...%) Percentage change (MoM) December January 2015 (2.8%) 3,325 (7.9%) 1,682 (1.1%) (0.3%) (7.1%) (-1.6%) (-0.3%) (6.8%) Number of Listed Companies Unit: companies; data as of end-january 2015 ( ) Change (MoM) December January 2015 (+34) 5,576 (+11) (-1) (+2) (-1) 1,763 (+2) (0) (-1) 262 Source: World Federation of Exchanges (WFE) * Bombay SE 10

12 Market developments: SET & mai YTD, SET performance improved for most sectors. Of which, property and construction, consumption as well as industrial sectors were among the top performers. SET index classified by industry. (Data as of Feb 27, 2015; rebased end-2014 = 100) 115 PROPCON CONSUMP 110 INDUS 105 RESOURC SET 100 SERVICE 95 FINCIAL SET50 TECH AGRO SET index classified by industry. %YoY %MTD %YTD Weight Mkt cap Dec 14 Jan 15 Feb 15 Feb 15 Feb 15 Unit: percent SET % SET % Property Consumption % Industrial % Resource % Service % Financial % Source: SETSMART Technology % Agro & Food % 11

13 Market developments: SET & mai In February 2015, the proportion of trading value of large-cap securities slightly decreased. In term of sector, trading activities of energy and construction material 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 57,397 54,408 55,775 61,589 55,918 55,287 59,506 Proportion of trading value by sector Unit: percent Property Construction Material Telecom Food and Beverage Bank Petrochemical Energy Others Source: SETSMART

14 Market developments: SET & mai Market capitalization of SET and mai accounted for THB trillion and THB 452,528 million at end of February This reflected an increase of 7.27% and 18.13% from end-2014 respectively. SET Market capitalization and SET index Unit: Market cap.(million THB) (LHS); Index (RHS) 20,000,000 15,000,000 10,000,000 5,000, , , , , , , ,496, , % 1, , ,856, ,075 14,863, , , , ,307, ,494 11,750, ,901 1, , , , , , , ,037, (Feb) Jan14 Feb14 Aug14 Sep14 Oct14 Nov14 Dec14 Jan15 Feb15 mai Market capitalization and mai index 18.13% , (Feb) Jan14 Feb14 Aug14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Source: SETSMART; note: EARTH Energy company had been moved from mai to trade on SET on January ,427, ,491 14,423, ,703 14,678, ,256 13,856, ,075 14,709, ,986 14,863, ,528 2,000 1,500 1, Unit: Market cap.(million THB) (LHS); Index (RHS)

15 Market developments: SET & mai In February 2015, Thai listed companies raised THB 61,965 million in equity market, of which THB 58,719 million was in primary market and THB 3,246 million was in secondary market. There were 4 new IPOs (3 companies in SET and 1 infrastructure fund). YTD, fund raising value in 2015 increased by 741.0%, compared with same period in Type Annually % YoY Quarterly Monthly (YTD) 2015 (YTD) 3/2014 4/2014 Nov 14 Dec 14 Jan 15 Feb 15 Initial Public Offering 113,990 4,950 63,460 1, ,749 73,120 41,944 12,699 4,741 58,719 Secondary Offering - Public Offering Private Placement 60,381 2,052 6, ,337 11,252 5,645 3,201 4,181 2,017 - Convertible Bond 3, ,333 53, , Warrant 15, ,405 1, Right Offering 78,921 1,262 1, ,103 14, , Grand Total 272,991 8,566 72, , ,424 48,613 21,655 10,082 61,965 Unit: million THB Accumulated 2 months fund raising value 2015 Unit: million THB Fund raising value Feb new IPOs: 1. S 11 group (S11) 2. Scan Inter (SCN) 3. Plan B Media (PLANB) 4. Jasmine Broadband Internet Infrafund (JASIF) Source: SET 14

16 Market developments: SET & mai Daily average trading value of SET and mai accounted for THB 59,506 million in February 2015, up by % from the same period last year. From the beginning of the year, the daily trading value of SET and mai averaged at THB 57,397 million, up by 91.50% from the same period last year. 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 80,000 70,000 60,000 50,000 40,000 30,000 20,000 1, , , ,605 51,426 1, , , ,511 48,965 52,317 50,927 1, , ,275 53,578 1,800 1,600 1,400 1,200 1, 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 14,000 12,000 10,000 8,000 6,000 4,000 2, , ,971 5, , , ,992 6, , (YTD) Q3/2014 Q4/2014 Nov 14 Dec 14 Jan 15 Feb (YTD) Q3/2014 Q4/2014 Nov 14 Dec 14 Jan 15 Feb 15 (THB million) (YTD) Daily average trading value % YOY 45, % 57, % Q3/2014 Q4/2014 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 54, % 55, % 28.87% 50,358 61, % 55, % 55, % 59, % Source: SETSMART 15

17 Market developments: SET & mai In February 2015, local investors became increasingly active in Thai stock market, but foreign investors had lowered their participation somewhat. Daily average trading value and trading proportion classified by investor types Unit: million THB 3,982 3,946 9,206 28,333 4,726 4,510 9,683 4,432 4,218 4,251 4,278 9,362 9,421 3,968 3,881 9,632 5,350 4,914 4,454 4,343 4,998 4,676 9,521 9,949 9,417 38,478 36,396 37,825 44,108 36,132 36,541 40,415 Daily average trading value 45,466 57,397 54,408 55,775 61,589 55,918 55,287 59,506 Unit: percent 8.76% 8.68% 8.23% 7.86% 8.15% 7.75% 7.62% 7.67% 6.44% 6.30% 8.79% 20.25% 16.87% 17.21% 16.89% 15.64% 9.57% 8.06% 7.86% 8.40% 7.86% 17.03% 18.00% 15.83% 63.32% 67.04% 66.89% 67.82% 71.62% 64.62% 66.09% 67.92% (YTD) Source: SETSMART Q3/2014 Q4/2014 Nov 14 Dec 14 Jan 15 Feb 15 Local Investors Foreign Investors Local Institutions Proprietary Trading 16

18 Market developments: SET & mai In February 2015, foreign investors were net seller in Thai stock market for three consecutive months. As a result, foreign investors sold net THB 11,948 million YTD. Net trading position classified by investor type (YTD) Unit: million THB, data as of Feb 27, ,353-11,948 6,666 6,634 Local Investors Net trading value of foreign investors Foreign Investors Local Institutions Proprietary Trading Unit: million THB, data as of Feb 27, ,339 11,771-35,696-11,948-31,846-27,589-5,305-6, (YTD) Q3/2014 Q4/2014 Nov 14 Dec 14 Jan 15 Feb 15 Source: SETSMART 17

19 Market developments: SET & mai The number of investors in Thai stock markets at the end of January 2015 continued to mark a new high of 1.11 million accounts, while the number of active trading accounts slightly decreased from the previous month, or about 30.4% of total accounts. The average trading value per account increased slightly from December 2014 to THB 3.26 million. Number of active investors and active rate* 600, , , % 28.0% 260, , % 20.5% 24.6% 24.3% 26.4% 29.8% 31.9% 29.9% 208, , , , , ,031 Unit: No. of clients (LHS); % active rate (RHS) clients active rate 36.2% 31.6% 32.1% 31.4% 30.4% 319, , , , , , ,866 40% 30% 20% 10% Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 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 1,114,681 % YoY of Number of investors 33.7% 9.1% -22.7% -25.6% -22.9% -14.0% -10.8% 5.0% 30.1% 23.1% 10.14% 11.91% 11.96% 12.71% 12.98% Trading Value / Clients (Million baht) % YoY of trading value / Clients 15.5% -17.3% -29.2% -39.6% -42.2% -32.6% -25.0% -22.9% -11.6% -6.4% -3.0% -4.3% 17.7% 37.91% -2.9% 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 decreased to 244,110 accounts in January 2015, up by 84% from the same period last year. In addition, internet trading value in January 2015 increased by 154% from the same period last year. Number of active internet investors 200, , , , , , , , , , , , , , , , , , , ,110 53% 20% -13% -19% -16% -10% -4% 13% 41% 35% 52% 48% 58% 77% 84% Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Internet Trading Value 324, ,626 77% 6% 185, , , , ,921-55% -63% -65% -48% -31% Unit: No. of clients (LHS); %YoY (RHS) 300% 200% 100% 0% -100% Unit: million THB (LHS); %YoY (RHS) 376, , , , , , , , % 200% 221% 154% 100% 150% 4% 45% 66% 86% 62% 0% -100% -200% Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 % Internet trading value Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 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 19

21 Market developments: SET & mai As of 20 February 2015, assets under management (excluding Vayupak Fund) in domestic equity funds increased by 2.3% YTD. On the other hand, assets under management of foreign equity funds increased by 5.5% YTD. Asset under management Source: Summation of Asset Size by Classification report, Association of Investment Management Companies Unit: million THB; as of Feb 20, 2015 Net asset value Fund type End of year End of Month Nov 14 Dec 14 Jan Feb 15 %YTD % proportion Equity Fund 712, , , , , , % 26.1% Fixed Income Fund 1,694,388 2,069,810 2,092,102 2,069,810 2,094,147 2,105, % 56.3% Mixed Fund 89, , , , , , % 2.7% Property Fund 230, , , , , , % 7.6% Infrastructure fund 128, , , , , , % 3.8% Others 71, , , , , , % 3.5% Total 2,926,613 3,681,694 3,721,147 3,681,694 3,723,547 3,741, % 100.0% Equity fund classified by destination Domestic Equity Fund (Exclude Vayupak Fund) 416, , , , , , % 55.0% Vayupak Fund 255, , , , , , % 33.0% Foreign Equity Fund 40, , , , , , % 12.0% Total 712, , , , , , % 100.0% Equity fund classified by special fund group Long-Term Equity Fund (LTF) 213, , , , , , % 27.8% Retirement Mutual Fund - Equity (RMFEQ) 47,801 65,019 62,681 65,019 68,150 68, % 7.0% Other Equity fund 194, , , , , , % 32.2% Vayupak Fund 255, , , , , , % 33.0% Total 712, , , , , , % 100.0% 20

22 Market developments: SET & mai In January 2015, LTF recorded net redemption of THB 5.98 billion, compared to THB 1.06 billion in January Meanwhile, foreign equity fund saw net redemption of THB 4.96 billion, compared to net subscription of THB 3.50 billion in January Net new flow for mutual fund Fund type Yearly Net new fund flow Monthly Y2013 Y2014 Jan-14 Oct-14 Nov-14 Dec-14 Jan-15 Equity Fund 77,364 97,080 2,790 17,141 4,168 33,399-13,577 Fixed Income Fund 42, ,936 13,611 43,074 18,863 21,720 24,383 Mixed Fund 134,289 32,768 2,068 3, ,431-3,204 Others -8,997 1,883-1,660 2, Total 245, ,667 16,808 66,512 23,898 57,295 7,698 Equity fund classified by destination Domestic Equity Fund 73,134 47, ,762 4,338 33,181-8,613 Foreign Equity Fund 4,230 49,253 3,499 5, ,964 Total 77,364 97,080 2,790 17,141 4,168 33,399-13,577 Equity fund classified by special fund group Long-Term Equity Fund (LTF) 17,399 24,355-1,064 4,686 3,082 22,438-5,975 Retirement Mutual Fund - Equity (RMFEQ) 5,205 5, , Other Equity Fund 50,530 66,962 3,597 11, ,161-7,545 Total 73,134 97,080 2,790 17,141 4,168 33,399-13,577 Source: The Securities and Exchange Commission Unit: million THB; as of Jan 30,

23 Derivatives market In February 2015, the daily average trading volume of derivatives market was at 222,051 contracts, up by 21% from the previous month mostly from Single Stock Futures. Daily average trading contract classified by instruments Unit: contracts; Data as of Feb 27, %YOY 3 Q3/14 Q4/14 %QOQ 4 Nov 14 Dec 14 Jan 15 Feb 15 % MOM 5 (YTD) SET50 Index Futures* 58,790 87,802 49% 66,773 91,082 36% 66, ,937 93,504 82,099-12% SET50 Index Options % % 543 1, % Single Stock Futures 80, ,606 33% 118, ,420-13% 82, ,028 80, ,252 63% 50 Baht Gold Futures % % 972 1, % 10 Baht Gold Futures 1 5,319 5,447 2% 5,256 5,755 9% 6,320 5,346 5,646 5,247-7% 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 1,204-5% 1,534 2,441 59% 2,033 3,036 1, % Sector Index Futures n.a. - - n.a n.a. All Products 2 147, ,824 38% 193, ,548 6% 158, , , ,051 21% 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 year 2014 with year 2015 (YTD). 4 Calculated from the average daily trading volume in Q4/2014 with Q3/ Calculated from the average daily trading volume in February 2015 compared with January Source: SETSMART 22

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25 Appendix 1 Market Statistics As of January (YTD) Q1/2014 Q2/2014 Q3/2014 Q4/2014 Nov 2014 Dec 2014 Jan 2015 Feb 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, ,057, ,853, ,296, ,007, ,035, ,046, ,018, , ,071, Daily Turnover Value (M.Baht) 28, , , , , , , , , , , , , Number of Listed Securities ,141 1,592 1,647 1,278 1,281 1,408 1,592 1,524 1,592 1,611 1,647 Newly Listed Companies Raising value of New Listed Securities (M.Baht) 2/ 22, , , , , , , , , , , n/a 16, Total value of Newly Listed Securities (M.Baht) 3/ 3, , , , , , , , , , n/a 3, 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, ,863, ,205, ,358, ,427, ,856, ,678, ,856, ,709, ,863, 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, , , , , , , , , , , , ,527.64

26 Appendix 1 Market Statistics As of January (YTD) Q1/2014 Q2/2014 Q3/2014 Q4/2014 Nov 2014 Dec 2014 Jan 2015 Feb 2015 SET & mai Trading value proportion separated by investor types % % % % % % % % % % % % % Local Investors 55.26% 54.99% 57.12% 62.32% 67.04% 49.00% 58.56% 66.89% 67.82% 71.62% 64.62% 66.09% 67.92% Foreign Investors 22.78% 24.24% 21.74% 20.25% 16.87% 29.29% 22.16% 17.21% 16.89% 15.64% 17.03% 18.00% 15.83% Local Institutions 8.77% 7.78% 8.53% 8.76% 8.23% 10.22% 10.10% 8.15% 7.62% 6.44% 9.57% 8.06% 8.40% 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% 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, ,316, ,383, ,594, ,756, ,239, ,066, ,239, ,113, ,316, 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