SET News 71/20 September 8, 20 SET market report for August 20 - SET Index closed at 1,616.16 points, up 4.7 pct from end-2016. - Average daily securities trading value at THB 43.31 bln - Market cap at THB 16.3 trillion, a 5.4 pct rise from end-2016 BANGKOK, September 8, 20 - The Stock Exchange of Thailand (SET) index ended August at 1,616.16 points, rising 2.5 percent from the end of the previous month - the strongest gain in the region - and 4.7 percent from the end of 2016. Internal factors including political situation and listed companies' dividend yield at 3.06% - exceeding the average dividend yield of Asian bourses - propelled the Thai stock market. Thailand Futures Exchange (TFEX) average derivatives trading volume was 267,515 contracts per day. SET Senior Executive Vice President Pakorn Peetathawatchai, said the eased political situation at home couple with listed companies interim dividend payment bolstered Thai stock market s sentiment and were positive factors to investors decision making Key highlights for August Securities: In August, foreign investors were net sellers of Thai shares at THB 4.18 billion. They, however, bought a net THB 2.35 billion during January to August, in line with bond investment direction. SET Index ended August at 1,616.16 points, up 4.7 percent from end-2016. Four industry groups that outperformed the SET Index were Industrials, Technology, Resources and Services. Forward P/E ratio of SET was 16.09 times, while historical P/E ratio stood at.21 times. Both forward and historical P/E ratios of the Thai stock market were higher than the average ratio of Asian stock markets. Dividend yield ratio of SET was 3.06 percent at end-august, above Asian stock markets' average ratio of 2.61 percent. A combined market capitalization of SET and Market for Alternative Investment (mai) was THB 16.3 trillion, up 5.4 percent from the end of 2016. The average daily trading value of SET and mai in August amounted to THB 43.31 billion, down 30.4 percent over the same period a year before. The average daily trading value for the January-August period totalled THB 45.52 billion, down 10.4 percent from a year earlier. Derivatives: The average derivatives trading volume was 267,515 contracts per day in August. For the eight months to August, the average derivatives trading volume fell by 3.91 percent from 2016 to 274,030 contracts a day, due largely to a decline in transaction volume of SET50 Index Futures. SET You Grow, We Groom
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SET Market Report for August 20 8 September 20 ส าหร บการประช มคณะกรรมการ Agenda SET in the regional context Market Activities Major events and developments in Thai and global capital markets 2
SET in the regional context Foreign net trading value into regional stock markets Unit: million USD, Data as of Aug 31, 20 Netbuy / sell Yearly 6 months Quarterly Monthly 2014 2015 2016 H2/16 H1/ 4/2016 1/20 2/20 20 YTD Jun Jul Aug THAILAND -1,091-4,372 2,240 1,203 393-1,545 185 208-5 -199-125 69 INDONESIA 3,766-1,580 1,259 274 1,303-1,367 626 677-325 -798-468 37 PHILIPPINES 1,256-1,194 83-557 409-668 -348 757 386 38 50 497 VIETNAM 136 100-345 -266 406-114 154 252 93 112 1 635 TAIWAN 13,190 3,384 10,956 4,712 9,413-3,305 5,970 3,443 720 22-299 9,136 INDIA 16,118 3,274 2,903-53 8,281-4,607 6,699 1,808 610 389-1,802 7,094 KOREA 5,684-3,580 10,480 7,131 9,012 1,066 4,766 4,246 1,659-381 -1,415 7,216 Source: Bloomberg Note: exclude mai 3 SET in the regional context Foreign net flow into Thai bond and equity markets Unit: net flow (billion THB); Data as of Aug 25, 20 Net flow Yearly Quarterly Monthly 2014 2015 2016 4/2016 1/20 2/20 20 May Jun Jul 25 Aug 1.Government bond (LB+TB) 29.7-71.8 16.4-22.8 51.0 44.6 9.8 24.0-11.0 28.1 2.Central bank bond -53.9-40.4 46.8-75.1 11.6-18.6 23.2-24.9 4.2 14.6 3.Equity -35.7-155.6 78.5-54.7 6.3 6.7 0.2-0.6 0.7-9.6 Total(1+2+3) -59.9-267.8 141.7-152.6 68.9 32.7 33.2-1.5-6.1 33.1 THB/USD (average) 32.48 34.25 35.28 35.40 35.12 34.30 34.51 33.99 33.77 33.26 THB/USD (end of period) 32.91 36.03 35.83 35.83 34.35 33.93 34.05 33.93 33.33 33.20 Sources: SETSMART, Thai BMA and BOT 4
SET in the regional context Stock index change (%YTD) Unit: percent; (end of Dec 2016 Aug 31, 20) 13.2 13.5 12.5 8.8 8.0 10.7 2.8 4.7 USD Local currency 21.3 22.9 21.5 25.1 26.6 26.1 26.1 26.0 27.1 13.8 14.4 15.5 16.3 16.6.9.7 19.2 12.7 Japan Thailand Malaysia Indonesia Singapore Taiwan China Philippines Korea Vietnam India MSCI EM Hong Kong Stock index change (%MTD) Unit: percent; (end of July 20 Aug 31, 20) USD Local currency 4.2 2.9 1.8 1.5 2.0 2.0 2.3 2.2 2.4 2.5 0.3 0.4 1.0 0.7-1.2-0.1-2.1-1.8-1.6-1.6-1.6-1.4-0.7-0.1-2.4-2.0 India Korea Singapore Japan Philippines Vietnam Indonesia Malaysia Taiwan MSCI EM China Hong Kong Thailand Source: Bloomberg; * MSCI EM = MSCI Emerging Markets Index 5 SET in the regional context Stock index movement (in local currency) Data as of Aug 31, 20; rebased end-2016 = 100 130 120 110 100 130 MSCI asia ex Vietnam Japan Philippines 120 MSCI emerging markets Singapore 110 MSCI frontier Indonesia merkets MSCI ASEAN Malaysia 100 90 31-Dec-16 31-Jan- 28-Feb- 31-Mar- 30-Apr- 31-May- 30-Jun- 31-Jul- 31-Aug- Thailand 90 31-Dec-16 31-Jan- 28-Feb- 31-Mar- 30-Apr- 31-May- 30-Jun- 31-Jul- 31-Aug- MSCI world index Thailand Source: Bloomberg 6
SET in the regional context Forward P/E of Thailand and regional comparisons Unit: times 31-Aug-2016 31-Jul-20 31-Aug-20 31.43 36.32 36.08 10.87 10. 10.01 12.84 13.00 12.92.53 14.68 14.59 13.87 14.49 14.84 13. 15.16 14.92 14.95 14.87 15.11 16.82 16.24 16.47.83 16.74 16.74 20.04 19.39 19.08 Average of 9 countriesas of Aug 31, 20 is 14.96 16.46 15.55 16.09 Korea Hong Kong Vietnam China Singapore Taiwan Malaysia Indonesia Philippines SET mai Historical P/E of Thailand and regional comparisons Unit: times 31-Aug-2016 31-Jul-20 31-Aug-20 12.10 11.89 11.70 12.56 13.74 14.06 16.80 15.79 15.32 23.30 15.77 15.56 16.97 16.01 16.25.82 16.59 16.71.53.21.70 23.32 21.94 21.78 27.85 24.03 24.05 Average of 9 countriesas of Aug 31, 20 is.02 22.77 16.38.21 Singapore Hong Kong Vietnam Korea Taiwan Malaysia China Philippines Indonesia SET mai Source: Bloomberg, *Historical P/E of SET and mai from SETSMART Forward P/E Ratio : The measure of the price-to-earning ratio (P/E) using forecasted earnings for the next 12 months from analyst consensus in Bloomberg data base. Historical P/E Ratio: The measure of the price-to-earning ratio( P/E) using trailing 12 months earning in the calculation. 62.94 93.08 107.74 7 SET in the regional context Market Dividend Yield Unit: percent 31-Aug-2016 31-Jul-20 31-Aug-20 1.59 1.46 1.50 1.68 1.58 1.61 1.94 1.93 1.86 1.79 2.07 2.05 2.42 2 2.97 2.79 2 3.06 3.06 3.08 4.03 3.18 3.21 3.55 3.26 3.51 3.98 3.84 3.85 Average of 9 countriesas of Aug 31, 20 is 2.61% 3.11 3.11 3.06 1.33 1.59 1.62 Korea Philippines China Indonesia Vietnam Malaysia Singapore Hong Kong Taiwan SET mai Source: Bloomberg Market dividend yield : Previous 12-month dividend value divided by market capitalization at the end of the month. 8
SET in the regional context Average daily turnover* (2013 - July 20) Unit: million USD Share turnover velocity** (2013 -July 20) Unit: percent 1,206.3 2013 2014 2015 2016 20 Jan 1,113.6 864.4 895.3 547.5 436.4 411.0 363.5 141.2 135.2 Feb Mar Apr May Jun Thailand Singapore Malaysia Indonesia Philippines Jul 2013 20142015 201620 Jan 63.5 64.0 53.3 32.8 28.4 29.8 29.8 26.2 23.5 20.6 13.7 26.4 13.3 16.4 12.4 Feb Mar Apr May Jun Thailand Singapore Malaysia Indonesia Philippines Source: World Federation of Exchanges (WFE)., Data of Indonesia market as of June 20 * Average daily 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. Jul 9 SET in the regional context Domestic Market Capitalization Unit: billion USD; data as of end July 20 (...%) Percentage change (MoM); Jun 20 - Jul 20 3,875 Number of Listed Companies Unit: companies; data as of end-july 20 ( ) Change (MoM); Jun 20 - Jul 20 5,813 2,070 1,024 760 480 476 418 274 2,060 918 902 754 665 554 268 (MoM) Hong Kong India* Taiwan Singapore Indonesia Thailand Malaysia Philippines v India* Hong Kong Taiwan Malaysia Singapore Thailand Indonesia Philippines (6.3%) (5.5%) (0.9%) (0.6%) (3.0%) (1.7%) (0.1%) (1.5%) (+18) (+26) (0) (+2) (+2) (+2) (+1) (0) Source: World Federation of Exchanges (WFE), Indonesia Stock Exchange and Bloomberg * Bombay SE 10
SET in the regional context Domestic Market Capitalization (%YTD) Unit: percent; (end of Dec 2016 - Jul 20) 8.9% 10.6% 11.2% 2.6% USD Local currency 14.1% 15.1%.0% 18.8% 21.3% 16.3% 22.2% 10.9% 11.3% 13.6% 32.6% 24.8% Thailand Indonesia Philippine Malaysia Singapore Taiwan Hong Kong India Domestic Market Capitalization (%MoM) Unit: percent; (end of Jun 20 - Jul 20) 0.0% 0.3% 1.2% 1.2% 2.1% 2.7% 0.4% 0.1% 0.3% 0.5% 0.7% 0.9% 2.0% -1.0% -0.2% USD Local currency Philippine India Malaysia Hong Kong Singapore Thailand Indonesia Taiwan Source: World Federation of Exchanges (WFE). * BSE India Limited 11 3.6% Market Activities SET index classified by industry (Data as of Aug 31, 20; rebased end-2016 = 100) 110 90 30/12/2016 9/1/20 13/01/20 19/01/20 25/01/20 31/01/20 6/2/20 10/2/20 /02/20 23/02/20 1/3/20 7/3/20 13/03/20 /03/20 23/03/20 29/03/20 4/4/20 11/4/20 19/04/20 25/04/20 2/5/20 8/5/20 15/05/20 19/05/20 25/05/20 31/05/20 6/6/20 12/6/20 16/06/20 22/06/20 28/06/20 4/7/20 11/7/20 /07/20 21/07/20 27/07/20 3/8/20 9/8/20 16/08/20 22/08/20 28/08/20 INDUS TECH SET50 RESOURC SERVICE SET FINCIAL PROPCON CONSUMP AGRO SET index classified by industry Unit: percent Source: SETSMART %YoY %MTD %YTD Weight Mkt cap. 2014 2015 2016 Jun Jul Aug Aug Aug SET 15.3-14.0 19.8 0.8 0.1 2.5 4.7 100% SET50 13.3-18.7 18.6 0.8 1.0 3.0 7.2 67% Industrial -14.3-9.7 33.6 0.4 0.8 1.8 14.8 6% Technology 22.0-34.5 7.5 2.0-0.2-0.1 8.4 10% Resource -2.3-20.7 38.5-2.0 3.5 4.0 6.0 20% Service 22.8 2.9 20.7 2.7 0.6 4.2 5.3 24% Financial 27.9-22.3.7 1.8-2.9 2.9 3.7 % Property 18.8-0.9 4.0 0.1-0.7 0.4 2.7 16% Consumption 40.9-18.3 6.2-0.1-0.3-1.3-4.6 1% Agro & Food 8.7-13.2 36.3 0.3-1.7 1.6-4.6 7% 12
Market Activities SET Market capitalization and SET index 20,000,000 15,000,000 10,000,000 5,000,000 0 500,000 400,000 300,000 200,000 100,000 0 1,543 1,616 1,524 1,548 1,483 1,496 1,510 1,543 1,577 1,560 1,575 1,566 1,562 1,575 1,576 1,616 15,079,272 2016 2 616 425,364 2016 16,023,441 20 YTD) 2 (Y 547 312,852 20 (YTD) 14,686,074 ul 16 Ju 382,584 14,962,071 g 16 378,830 14,364,585 p 16 362,722 14,589,797 ct 16 379,484 14,742,771 v 16 589 585 552 576 599 Jul 16 Aug Aug 16 Sep mai Market capitalization and mai index Sep 16 Oc Oct 16 Nov 394,945 Nov 16 15,079,272 c 16 Dec 616 425,364 Dec 16 Source: SETSMART, data as of Aug 31, 20. 15,5,973 n Jan 335,866 Unit: Market cap.(million THB) (LHS); Index (RHS) 15,343,515 b 331,510 15,491,497 ar 324,089 15,474,233 pr 320,679 15,469,337 y 318,952 15,612,755 n 320,280 15,575,690 ul 311,257 16,023,441 g 646 613 597 577 569 566 551 547 Jan Feb Feb Ma Mar Ap Apr May May Jun Jun Ju Jul Aug Unit: Market cap.(million THB) (LHS); Index (RHS) 312,852 Aug 1,600 1,100 600 100 750 650 550 450 350 250 150 50 20 (YTD) SET Market Cap Index High 16,023,441 (Aug 31, ) Low 15,099,014 (Mar 13, ) Average 15,518,734 1,616.16 (Aug 31, ) 1,535.51 (Mar 13, ) %YTD 6.26% 4.75% 20 (YTD) mai Market Cap Index High 436,825 (Jan 5, ) Low 301,156 (Aug 16, ) Average 322,797 646.02 (Jan 31, ) 532.37 (Aug 21, ) %YTD -26.45% -11.% 13 Market Activities SET average daily trading value and SET Index Unit: Trading value (million THB (LHS); Index (RHS) Average daily trading value SET Index at the end of period maiaverage daily trading value and maiindex Unit: Trading value (million THB) (LHS); Index (RHS) Average daily trading value mai Index at the end of period 80,000 70,000 60,000 50,000 40,000 30,000 20,000 1,616.16 1,542.94 50,245 2016 SET and mai (THB million) 1,407.70 1,444.99 1,575.111,574.741,574.74 1,576.08 1,616.16 43,315 45,168 44,910 48,337 20 (YTD) Q1/2016 Average daily trading value % YOY Q2/2016 Q1/20 39,924 40,572 39,852 41,399 Q2/20 2016 20 (YTD) 52,526 18.56% Jun Jul Aug 2,000 14,000 616.27 1,600 12,000 10,000 1,200 8,000 800 6,000 4,000 400 2,281 2,000 0 0 2016 547.42 518.40 527.35 597.45 565.71 568.59 551.03 547.42 2,206 20 (YTD) 1,371 1,902 Q1/2016 Q2/2016 2,528 Q1/20 2,165 2,164 1,631 1,907 H1/2016 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/20 Q2/20 May Jun Jul Aug 45,520-10.39% -2.16% 46,669-14.40% 46,540 15.42% 46,812 48.96% 61,303 34.22% 55,084 50,865 9.29% -10.09% 42,089-4.46% 42,994 15.70% 42,736-35.53% 41,483-30.44% 43,306 Q2/20 Jun Jul Aug 800 700 600 500 400 300 200 100 0 Source: SETSMART 14
Market Activities Average daily trading value and trading proportion classified by investor types Unit: million THB 6,604 5,523 6,067 5,304 13,433 5,204 4,698 5,294 5,299 4,731 4,779 4,846 5,606 5,107 16,068 5,608 14,041 13,779 11,828 11,681 14,352 4,778 4,481 4,426 4,600 4,472 4,566 4,737 4,539 4,980 4,433 5,0 4,270 5,258 4,508 13,032 13,456 12,915 13,578 12,601 14,054 13,964 28,265 21,839 24,687 25,505 32,565 30,138 25,797 19,798 20,708 18,9 20,140 20,723,989 19,576 Average daily trading value 53,526 45,520 46,540 46,812 61,303 55,693 50,865 42,089 44,258 40,132 42,994 42,736 41,483 43,306 Unit: percent 10.52% 10.10% 10.32% 11.43% 11.37% 10.% 10.35% 10.21% 10.77% 9.90% 9.62% 10.18% 10.04% 11.03% 10.65% 11.35% 10.25% 10.65% 11.14% 11.38% 10.56% 11.02% 10.37% 11.65% 10.29% 12.46% 10.41% 12.14% 25.57% 30.27% 25.42% 24.95% 26.21% 25.49% 28.22% 30.96% 31.16% 32.18% 31.58% 29.49% 33.88% 32.24% 53.81% 47.98% 53.05% 54.48% 53.12% 54.71% 50.72% 47.04% 47.95% 45.30% 46.84% 48.49% 43.36% 45.20% 2016 20 (YTD) Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/20 Q2/20 Mar Apr May Jun Jul Aug Source: SETSMART, Data as of Aug 31, 20 Local Investors Foreign Investors Local Institutions Proprietary Trading 15 Market Activities Net trading position classified by investor type (YTD) Unit: million THB 2,354 59,958 1,705-64,018 Local Investors Foreign Investors Local Institutions Proprietary Trading Net trading value of foreign investors Unit: million THB 78,546 2,354 18,398,580 97,293 6,371 6,652 2016 20 (YTD) -54,725-628 -6,486-4,182 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/20 Q2/20 Jun Jul Aug Source: SETSMART; Data as of Aug 31, 20 16
Market Activities Proportion of trading value by market cap Unit: percent, data as of Aug 31, 20 Non SET100 and mai SET51-100 SET31-50 SET11-30 SET10 30% 32% 18% 25% 30% 11% 35% 35% 32% 27% 27% 12% 13% 13% 13% 9% 11% 12% 13% 22% 11% 12% 12% 14% 13% 14% 8% 21% 18% 20% 11% 12% 12% 11% 22% 21% 18% % 19% 22% 28% 25% 37% 30% 25% 23% 24% 25% 30% 27% Daily average trading value (Unit: million THB) 53,526 45,520 46,540 46,812 61,303 55,693 50,865 42,089 41,483 43,306 Others Construction Finance Food & Beverage Construction materials Commerce Transportation Information & Communication Technology Bank Proportion of trading value by sector Unit: percent, data as of Aug 31, 20 Source: SETSMART Energy 23% 27% 19% 25% 25% 24% 27% 32% 24% 27% 5% 2% 4% 6% 2% 4% 6% 5% 4% 3% 4% 5% 5% 2% 4% 7% 7% 5% 6% 2% 4% 4% 3% 5% 3% 4% 4% 2% 7% 8% 7% 7% 6% 7% 5% 7% 8% 6% 5% 3% 2% 6% 7% 7% 6% 3% 4% 7% 8% 20% 10% 8% 7% 6% 8% 7% 14% 9% 13% 13% 10% 7% 6% 9% 7% 11% 8% 8% 13% 13% 15% 13% 11% 14% 12% 12% 15% 13% 18% 19% % 18% 14% 22% % 20% 21% 22% 2016 20 (YTD) Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/20 Q2/20 Jul Aug Market Activities Number of active investors and active rate* 800,000 600,000 400,000 200,000 0 26.2% 25.7% 311,907 335,302 375,550 28.8% 30.7% 29.3% 29.6% 27.6% 24.9% 28.2% 26.6% 25.7% Unit: No. of accounts (LHS); % active rate (RHS) 23.1% 24.8% 24.6% 404,088 389,320 394,105 370,530 336,901 384,835 366,720 358,135 323,271 351,0 351,331 332,783 clients active rate 20151 20161 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan Feb Mar Apr May Jun Jul 2015 2016 2016 20 Jul** Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Number of investors (accounts) 1,244,907 2 1,353,225 2 1,305,560 1,318,586 1,330,666 1,331,512 1,344,897 1,353,225 1,364,720 1,376,839 1,391,818 1,402,234 1,414,331 1,426,8 1,437,826 % YoYof Number ofaccounts 13.3% 2 8.7% 2 8.5% 8.5% 8.1% 7.3% 7.4% 8.2% 8.7% 9.3% 9.5% 9.6% 9.7% 9.5% 10.1% Trading Value / Accounts (Million baht) 2.87 2 3.18 2 3.08 3.39 3.27 3.22 3.43 2.59 3.03 2.71 2.77 2.11 2.57 2.68 2.37 % YoY of trading value / Accounts -10.8% 10.8% 20.5% 18.9% 8.0% 1.7% 26.0% -11.1% -8.7% -15.2% -30.7% -18.7% -2.9% -20.8% -23.2% Source: SET; Note: 1. 12-month average 2. December info * calculated by number of active accounts / total accounts; active account is account which trade at least once a month ** Data as of August 1, 20 18 23.1% 40% 30% 20% 10% 0%
Market Activities Number of active internet investor s account Unit: No. of accounts (LHS); %YoY (RHS) 300,000 224,726 235,570 258,352 281,135 273,205 274,319 257,634 234,997 269,618 257,421 251,161 244,579 244,637 243,864 227,873 300% 200,000 200% 100% 100,000 0% 0 16% 5% 13% 22% 33% 34% 21% 15% 43% 38% % 10% 14% 3% -12% -100% 1 1 2015 2016 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan Feb Mar Apr May Jun Jul Internet Trading Value Unit: million THB (LHS); %YoY (RHS) 600,000 339,746 372,805 410,638 493,252 427,125 428,821 478,158 320,529 425,657 300% 325,478 320,370 285,124 310,820 200% 400,000 204,788 228,9 100% 200,000 0% -2% 10% 37% 42% 26% 22% 56% 12% 41% 13% -22% -18% 5% -21% -44% -100% 0-200% 1 1 2015 2016 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan Feb Mar Apr May Jun Jul % Internet trading value 2015 2 2016 2 Jul 16 Aug 16* Sep 16 Oct 16 Nov 16 Dec 16 Jan Feb Mar Apr May Jun Jul Comparing with total trading value (%) 37.9 34.9 35.5 36.0 33.6 33.7 37.6 36.7 36.5 32.8 32.3 30.0 31.6 33.1 29.0 Comparingwith trading value of local investors, 64.0 64.9 63.9 66.3 67.6 63.6 63.4 67.5 66.0 68.0 67.3 66.3 67.4 68.2 66.8 excludes local institution (%) Source: SET; Note: 1. monthly average value 2. calculated by average of monthly internet trading value / average of monthly total trading value Active internet investors is account which trade at least once a month. ; Data as of August 1, 20. 19 Market Activities Asset under management Unit: million THB; as of Aug 31, 20 Net asset value Fund type End of year 2015 2016 May End of Month Jun Jul Aug %YTD % proportion Equity Fund 979,386 1,141,779 1,161,882 1,160,3 1,155,886 1,191,350 4.3% 24.6% Fixed Income Fund 2,239,040 2,508,995 2,565,819 2,555,240 2,605,640 2,625,383 4.6% 54.2% Mixed Fund 115,564 297,695 3,573 329,930 324,363 320,421 7.6% 6.6% Property Fund 286,408 287,629 291,218 292,951 298,095 298,301 3.7% 6.2% Infrastructure fund 219,767 235,937 244,372 242,735 244,311 244,065 3.4% 5.0% Others 134,796 87,511 142,5 154,024 161,577 168,502 92.5% 3.5% Total 3,974,960 4,559,545 4,723,381 4,735,052 Equity fund classified by destination 4,789,872 4,848,022 6.3% 100.0% Domestic Equity Fund (Exclude Vayupak Fund) 519,973 619,808 627,653 633,129 628,745 642,775 3.7% 54.0% Vayupak Fund 233,207 328,726 345,268 338,789 338,395 350,652 6.7% 29.4% Foreign Equity Fund 226,206 193,245 187,253 188,255 188,746 197,923 2.4% 16.6% Total 979,386 1,141,779 1,160,3 1,160,3 1,155,886 1,191,350 4.3% 100.0% Equity fund classified by special fund group Long-Term Equity Fund (LTF) 277,313 337,392 328,812 330,810 330,288 337,153-0.1% 28.3% Retirement Mutual Fund - Equity (RMFEQ) 54,209 73,467 76,166 77,876 77,991 80,144 9.1% 6.7% Trigger Equity Fund 20,610 18,859 12,308 9,553 7,791 4,271-77.4% 0.4% Other Equity fund 394,047 383,334 404,098 403,146 401,421 419,130 9.3% 35.2% Vayupak Fund 233,207 328,726 338,789 338,789 338,395 350,652 6.7% 29.4% Total 979,386 1,141,779 1,160,3 1,160,3 1,155,886 1,191,350 4.3% 100.0% Source: Summation of Asset Size by Classification report, Association of Investment Management Companies Note: In Jan 20, AIMC adjusted fund type of 1 Mixed funds to Others fund 20
Market Activities Fund raising value Unit: million THB Type Yearly % YoY Quarterly Monthly 2016 2016 (8M) 20 (8M) 1/2016 2/2016 3/2016 4/2016 1/20 2/20 Jun Jul Aug Initial Public Offering 52,781 13,473 47,592 253.24% 1,356 9,195 11,062 31,168 2,346 29,949-10,871 4,425 Secondary Offering 199,529 6,531 121,974-30.91% 13,814 75,407 93,821 16,487 25,314 34,498 12,342 56,706 5,457 - Public Offering 1,339-1,351 n.a. - - - 1,339-1,351 1,351 - - - Private Placement 20,245 11,734 49,063 318.13% 8,484 1,538 1,712 8,511 21,038 4,100 2,631 22,631 1,295 - Convertible Bond - - - n.a. - - - - - - - - - - Warrant 63,672 54,258 20,166-62.83% 1,692 51,328 7,445 3,207 1,740 2,486 1,100 12,055 3,886 - Right Offering 114,272 110,539 51,393-53.51% 3,637 22,541 84,664 3,430 2,536 26,562 7,260 22,019 276 Grand Total 252,310 190,004 169,566-10.76% 15,0 84,602 104,884 47,655 27,660 64,447 12,342 67,577 9,882 Accumulated 8 month fund raising value 20 Accumulated fund raising value in August 20 Others 884 Agro and Foods 21,869 Property 48,697 Services Industrials 4,379 Technology 20,454 1,340 Financials 22,805 Resources 36,689 mai 12,330 Property 253 Resources 4,657 Services 8 Industrials 3,921 New IPOs: 1.Buriram Sugar Group Power Plant Infrastructure Fund Value 3,605.06 million baht. 2. ZigaInnovation Plc. Value 472.00 million baht 3. Ingress Industrial (Thailand) Plc. Value 347.88 million baht. Source: SET; Data as of September 1, 20. 21 mai 828 Market Activities: TFEX Average daily trading contract classified by instruments Unit: contracts; Data as of Aug 31, 20 2016 20 (YTD) %YOY 3 Q2/16 Q3/16 Q4/16 Q1/ Q2/ %QOQ 4 Jul Aug %MOM 5 SET50 Index Futures 1 131,938 92,903-29.59% 120,229 142,120 126,844 100,757 90,324-10.35% 69,8 97,741 40.00% SET50 Index Options 1,757 3,639 107.04% 1,358 2,305 2,008 2,450 3,151 28.61% 5,492 6,718 22.33% Single Stock Futures 138,634 162,383.13% 107,834 214,386 159,796 189,815 157,628-16.96% 118,959 135,541 13.94% 50 Baht Gold Futures 747 786 5.29% 659 478 1,083 693 622-10.25% 756 1,523 101.58% 10 Baht Gold Futures 1 11,155 13,095.39% 11,699 10,523 10,190 9,093 13,209 45.27% 12,738 24,371 91.33% Interest Rate Futures 1 - - n.a. - - - - - n.a. - - n.a. Silver Futures 1 - - n.a. - - - - - n.a. - - n.a. Brent Crude Oil Futures 1 119 - n.a. 122 41 - - - n.a. - - n.a. USD Futures 1 838 1,7 40.49% 524 758 1,084 907 1,244 37.16% 1,451 1,519 4.68% Sector Index Futures 1 - - n.a. - - - - - n.a. - - n.a. Agricultural Futures 6, 7 1 48 3,988.03% 2 2-7 55 685.71% 96 101 5.43% All Products 2 285,189 274,030-3.91% 242,426 370,614 301,006 303,721 266,234-12.34% 209,310 267,515 27.81% 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 2016 with year 20 (YTD). 4 Calculated from the average daily trading volume in Q2/20 with Q1/20. 5 Calculated from the average daily trading volume in August 20 compared with July 20. 6 TFEX ready for first agricultural trading "RSS3 Futures" on Feb 15, 2016 Source: SETSMART 22
Appendix 1 Market Statistics As end of August 20 2015 2016 20 (YTD) Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/20 Q2/20 Jun 20 Jul 20 Aug 20 SET SET Index 1,288.02 1,542.94 1,616.16 1,407.70 1,444.99 1,483.21 1,542.94 1,575.11 1,574.74 1,574.74 1,576.08 1,616.16 Market Dividend Yield (%) 3.36 3.04 2.99 3.38 3.29 3.19 3.04 3.13 3.09 3.09 3.07 2.99 Market P/E Ratio 1/ 22.57 18.55.21 20.65 21.96 21.76 18.55.38 16.32 16.32 16.38.21 Market P/BV 1.74 1.96 1.95 1.84 1.86 1.89 1.96 1.93 1.89 1.89 1.91 1.95 Total Turnover Value (M.Baht) 9,997,371.76 12,259,773 7,060,293.34 2,845,608.18 2,559,842.18 3,602,253.63 3,252,068.52 2,996,891.18 2,395,435.55 892,594.30 757,183.26 910,783.35 Daily Turnover Value (M.Baht) 41,141.45 50,245 43,314.68 45,168.38 44,909.51 58,100.87 52,452.72 48,336.95 39,923.93 40,572.47 39,851.75 41,399.24 Number of Listed Securities 1,646 1,879 2,078 1,709 1,781 1,838 1,879 1,891 1,962 1,962 2,015 2,078 Newly Listed Companies 22 11 8.00 1-4 6 2 3-2 1 Raising value of New Listed Securities (M.Baht) 2/ 9,880.20 135,864 147,518.44 4,320.00 8,148.00 31,230.00 92,166.02 4,620.60 94,929.61-42,438.80 5529.43 Total value of Newly Listed Securities (M.Baht) 3/ 35,306.59 46,868 44,788.23 1,080.00 8,148.00 8,783.73 28,856.51 1,422.44 28,541.61-10,871.30 3,952.88 Delisted Listed Companies 9 8 3.00 1 1 4 2 1 2 2 - - No. of Companies moved from mai to SET 3 1 2.00 - - 1-1 - - 1 - No. of Companies moved from SET to mai 1-1.00 - - - - 1 - - - - Total Capitalization (M.Baht) 12,282,755 15,079,272.11 16,023,440.98 13,407,064.75 13,792,013 14,364,585 15,079,272.11 15,491,497 15,612,755 15,612,755 15,575,690 16,023,441 mai mai Index 522.62 616.27 547.42 518.40 527.35 551.74 616.27 597.45 565.71 565.71 551.03 547.42 Market Dividend Yield (%) 1.00 1.24 1.55 1.66 1.60 1.47 1.24 1.44 1.53 1.53 1.56 1.55 Market P/E Ratio 1/ 52.94 63.27 107.74 58.62 62.11 60.31 63.27 90.93 92.13 92.13 93.08 107.74 Market P/BV 3.29 3.82 2.73 3.18 3.19 3.43 3.82 3.05 2.85 2.85 2.79 2.73 Total Turnover Value (M.Baht) 768,097.73 556,487 359,540.35 86,387.58 108,421.30 198,556.69 163,120.94 156,712.91 129,891.07 47,606.41 30,988.93 41,947.44 Daily Turnover Value (M.Baht) 3,160.90 2,280.68 2,205.77 1,371.23 1,902.13 3,202.53 2,630.98 2,527.63 2,164.85 2,163.93 1,631.00 1,906.70 Number of Listed Securities 166 1,047 762.00 167 5 527 8 184 192 192 193 193 Newly Listed Companies 13 13 6.00 1 4 4 4 3 2 - - 1 Raising value of New Listed Securities (M.Baht) 2/ 18,729.54 21,902 13,502.24 1,104.00 3,932.00 7,435.00 9,431.38 3,696.00 6,738.24 - - 3,068.00 Total value of Newly Listed Securities (M.Baht) 3/ 4,593.83 5,912 2,803.64 276.00 1,047.00 2,278.75 2,310.74 924.00 1,407.64 - - 472.00 Delisted Listed Companies - - - - - - - - - - - - No. of Companies moved from mai to SET 3 1 2.00 - - 1-1 - - 1 - No. of Companies moved from SET to mai - - 1.00 - - - - 1 - - - - Total Capitalization (M.Baht) 323,478.44 425,364.18 312,851.53 326,122.79 337,010.33 425,364.18 425,364.18 324,089.06 320,279.80 320,279.80 311,256.86 312,851.53
Appendix 1 Market Statistics As end of August 20 2015 2016 20 (YTD) Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/20 Q2/20 Jun 20 Jul 20 Aug 20 SET & mai Trading value proportion separated by investor types 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 99.50% 99.99% Local Investors 59.21% 53.81% 47.98% 53.05% 54.48% 53.12% 54.71% 50.72% 49.08% 48.49% 43.36% 45.20% Foreign Investors 22.20% 25.57% 30.27% 25.42% 24.95% 26.21% 25.49% 28.22% 29.44% 29.49% 33.39% 32.24% Local Institutions 9.39% 10.10% 11.43% 10.% 10.21% 9.90% 10.18% 11.03% 11.% 11.65% 12.46% 12.14% Proprietary Trading 9.20% 10.52% 10.32% 11.37% 10.35% 10.77% 9.62% 10.04% 10.31% 10.37% 10.29% 10.41% Net Buying Position(M.Baht) Local Investors 79,895.83-104,054.06-64,0.80-26,756.76-21,497.55-58,811.23 3,011.49-34,362.26-28,918.70-10,509.87 14,752.94-15,489.78 Foreign Investors -155,630.70 78,545.98 2,354.39 18,398.01,580. 97,293.38-54,725.58 6,370.85 6,651.60-628.42-6,485.56-4,182.49 Local Institutions 82,133.01 132.09 59,958.24-6,296.77 2,077.47-41,078.31 45,429.70 28,422.95 23,011.92 12,390.08-4,869.42 13,392.78 Proprietary Trading -6,398.13 25,375.98 1,705. 14,655.51 1,839.92 2,596.16 6,284.39-431.53-744.83-1,251.79-3,397.96 6,279.49 Daily Turnover Value (M.Baht) 44,302.35 52,525.65 45,520.45 46,539.61 46,811.64 61,303.39 55,083.70 50,864.58 42,088.78 42,736.40 41,482.75 43,305.94 Total Capitalization (M.Baht) 12,606,233.14 15,504,636.29 16,336,292.51 13,733,187.54 14,129,023.30 14,789,948.76 15,504,636.29 15,815,585.99 15,933,034.84 15,933,034.84 15,886,946.93 16,336,292.51 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