SET Update. SET s Highlights: Inside this issue:

Transcription

1 Quarter 3/2013 SET s Highlights: 2 Thai listed companies - PTT Global Chemical pcl (PTTGC) and Thai Oil pcl (TOP) were included in Dow Jones Sustainability Indices (DJSI) with two existing Thai firms - Siam Cement Group pcl (SCG) and PTT pcl (PTT). Following the recent announcement by S&P Dow Jones and RobecoSAM to track the financial performance of the global leading sustainability-driven companies. Thai listed companies reported first-half net profit of THB 410 billion (approx. USD billion), percent up from a year earlier. Financial, Resources and property and construction were the top three best performers in term of sectors. Inside this issue: Market Highlights 2 Market movement: 2 Derivatives market trading volume up 63 percent in the first 9 months, underpinned by the increasing popularity of Stock Futures and SET50 Futures. The average trading value was THB billion (approx. USD 949 million) per day, up 34 percent from a year earlier. Market review: 3 Key economic indicator: 4 New products highlight 5

2 Page 2 Market Highlights for quarter 3/ 2013 Market capitalization was down 3.59% from last quarter, but rising 7.02% from august. The SET main index movement is in the same direction as other TIP markets and its return is higher than BRIC region s return. With the strong growth opportunities, many sector are set to quickly recover. In the third quarter, Technology, Service and property and construction were the top three best performers in term of industry, amid Thailand s state-run on the broadband cellular 3G network project, up 23.7%, 3.3% and 0.5% respectively. Market Movements In quarter 3/2013, there were 9 new listed companies: 5 listed on SET and 3 listed on Market for Alternative Investment (mai) with the total issued sizes of THB 17,878 million. (USD 596 million). There were 1 new property fund and 1 infrastructure fund listed on SET during quarter 3/2013, with the total issued sizes of THB 8,302 million. (USD 277 million) In quarter 3/2013, 1 new ETF started trading on SET that track the performance of the SET ICT Sector Index, There are now a total of 16 ETFs listed on SET.

3 Page 3 Market Reviews SET s average daily turnover is averaged USD 1,400 million, the highest turnover in South East Asia SET has a relatively larger number of large-cap liquid listed companies than peers SET s P/E is lower than other ASEAN countries while its dividend yield is higher than the average in the region

4 Page 4 Key Economic Indicator GDP is expected to grow % in 2013, with the world GDP is projection to grow 2.9%. Thailand is well positioned to weather external financial shocks with large international reserves. The THB depreciated the least amid regional turbulence at the prospect of QE tapering

5 Page 5 Q3 IPOs Highlight New vehicle investment IPOs CK Power pcl, the first Thai holding company which has its core subsidiary company aboard and IPO raised THB 2.34 billion (USD 78 million). Amata B. Grimm Power Plant Infrastructure Fund, the country s first power plant infrastructure fund and the second infrastructure fund listing on SET, IPO raised THB 6.3 billion (USD 210 million) IPOs Focus In Quarter 3/2013, SET and Market Alternative Investment (mai) raised through equity worth a combined THB billion (USD 1.16 billion). Almost 40 percent of fund raising was from initial public offerings (IPO), especially from mid size listed companies and infrastructure fund. Most of SET s new listed companies have become regional players, they are already expand their business to ASEAN countries. In Quarter 3/2013, Listed companies were raised fund up % from year-on-year via an initial public offering. Service and property and construction were the main fund raising by industry. This document was prepared by The Stock Exchange of Thailand in good faith upon sources believed to be reliable but no representation or warranty expressed or implied is made to their accuracy or correctness. The Stock Exchange of Thailand accepts no liability for any direct or consequential loss or damage arising from any use of this document or its contents. All information and opinion expressed here is subject to change without notice. The copyright belongs to The Stock Exchange of Thailand. No part of this document may be published or copied in any form or by any means without the written permission of The Stock Exchange of Thailand. International Relations Department The Stock Exchange of Thailand Phone: Fax: InternationalRelations@set.or.th Website: