SET market report for 2018 · 2019-01-08 · SET News 2 /2019 January 7, 2019 SET market report for...

SET News 2 /2019 January 7, 2019

SET market report for 2018 BANGKOK, January 7, 2019 - The Stock Exchange of Thailand (SET) Index ended 2018

at 1,563.88 points, down 10.8 percent from end-2017, while the average daily trading value of SET and Market for Alternative Investment (mai) in 2018 surged 15.1 percent to THB 57.67 billion (USD 1.75 billion). Local institutional and retail investors were net buyers of Thai shares in 2018. SET Senior Executive Vice President Soraphol Tulayasathien said that SET index in

2018 was weighed down by external factors, while the Thai economic fundamental remained robust and the growth outpaced a year earlier. Foreign investors' selling spree in Thai shares was in tandem with most Asian stock markets. However, the Thai bourse's average daily trading value in 2018 rose from the preceding year, with the year-on-year increase in the first three quarters before dropping in the fourth quarter, in line with most ASEAN markets as investors turned to be more cautious on global capital market investment amid the global trade disputes. Key highlights for 2018 Securities market:

- SET Index ended December at 1,563.88 points, down 10.8 percent from end-2017 and 1.6 percent from the previous month. Resources, Services and Financials industry groups outperformed SET Index. - In 2018, foreign investors cashed out a net THB 287.7 billion, with the highest net sales in the second quarter before decelerating in the last quarter. Foreign investors' sell-off in Thai shares was in line with most Asian peers. - The average daily trading value of SET and mai in 2018 was THB 57.67 billion, up 15.1 percent from the same period a year earlier, recorded an increase specifically during the first three quarters before declining in the fourth quarter similarly to most ASEAN markets. - Forward P/E ratio of SET was 14.60 times at end-2018, while historical P/E ratio was 14.75 times, exceeding the average of the Asian markets at 13.50 times and 14.30 times, respectively. - Dividend yield ratio of SET was 3.35 percent at end-2018, surpassing Asian stock markets' average ratio of 3.02 percent. - A combined market capitalization of SET and mai at end-2018 amounted to THB 16.2 trillion, down 9.5 percent from the end of 2017, moving in accordance with SET Index. Derivatives market:

- In 2018, the average derivatives trading volume jumped 31.5 percent from the previous year to 426,213 contracts per day, due to the increase in transactions of most products.

“SET…Make it Work for Everyone”

Members of the media please contact the Corporate Communications Dept.: Arada Kultawanich tel:+66 (0) 2009 9483 / Darawan Maleesri tel: +66 (0) 2009 9484/ Kanokwan Khemmalai tel: +66 (0) 2009 9478.

SET market report for December 2018

Dec 31, 2018

2

Agenda

• SET in the regional context

• Market Activities

3

Source: Bloomberg

Note: exclude mai

Foreign net trading value into regional stock markets

SET in the regional context

Net buy / sell

Yearly 6 months Quarterly Monthly2018

YTD2017 2018 H1/18 H2/18 1/2018 2/2018 3/2018 4/20182018

Oct Nov Dec

THAILAND -796 -8,913 -5,642 -3,272 -1,838 -3,803 -876 -2,396 -1,963 -424 -9 -8,913

INDONESIA -2,960 -3,656 -3,570 -87 -1,713 -1,857 -117 30 -224 609 -355 -3,656

PHILIPPINES 1,095 -1,080 -1,219 139 -621 -598 -351 490 -202 706 -14 -1,080

VIETNAM 1,163 1,884 1,564 318 488 1,076 -169 487 396 60 31 1,884

TAIWAN 6,489 -12,228 -8,916 -3,313 -2,361 -6,555 3,248 -6,561 -4,917 678 -2,322 -12,228

INDIA 8,108 -4,481 -622 -3,859 2,125 -2,747 -1,384 -2,475 -3,698 891 332 -4,481

KOREA 8,267 -5,676 -3,706 -1,970 -1,084 -2,622 1,618 -3,588 -4,059 335 136 -5,676

Unit: million USD, Data as of Dec 31, 2018

4

Sources: SETSMART, Thai BMA and BOT


Foreign net flow into Thai bond and equity markets

Net flow

Yearly 6 months Quarterly Monthly2018

YTD2017 2018 H1/18 H2/18 1/2018 2/2018 3/2018 4/20182018

Oct Nov Dec

1.Government bond (LB+TB) 113.1 190.5 27.5 163 -8.7 36.2 89.3 73.7 26.6 25.8 21.3 190.5

2.Central bank bond 104.1 -55.5 -34.3 -21.2 29.8 -64.1 11.5 -32.7 -3.3 -8.1 -21.3 -55.5

3.Equity -26.0 -287.7 -179.8 -107.9 -58.0 -121.8 -29.0 -78.9 -61.3 -16.9 -0.7 -287.7

Total (1+2+3) 191.2 -152.7 -186.6 33.9 -36.9 -149.7 71.8 -37.9 -38.0 0.8 -0.7 -152.7

THB/USD (average) 33.92 32.32 31.74 32.84 31.55 31.92 32.97 32.82 32.79 32.95 32.72 32.32

THB/USD (end of period) 32.57 32.33 33.03 32.33 31.18 33.03 32.32 32.33 33.06 32.94 32.33 32.33

Unit: net flow (billion THB); Data as of Dec 28, 2018

5


Source: Bloomberg; * MSCI EM = MSCI Emerging Markets Index

-1.6 -1.1

0.8 1.3 1.4 1.45.0 4.3 5.3

10.3

4.1

11.6

6.3

-1.7 -1.6

0.6 0.91.3 2.0 3.2 3.3

3.3 3.8 4.1 5.1 6.1

Malaysia Thailand China Taiwan Vietnam Japan Philippines Singapore Korea Indonesia MSCI EM India Hong Kong

USD Local currency

Stock index change (%MTD)

Unit: percent; (end of Nov 2018 - Dec 31, 2018)

-29.3-20.5

-16.6 -13.8-17.0

-10.4 -10.8 -11.6 -11.2 -11.2 -7.6 -8.8-3.0

-25.3-17.3 -16.6

-13.6 -12.8 -12.1 -10.8 -9.8 -9.3 -8.6-5.9 -2.5

5.9

China Korea MSCI EM Hong Kong Philippines Japan Thailand Singapore Vietnam Taiwan Malaysia Indonesia India

USD Local currency

Stock index change (%YTD)

Unit: percent; (end of Dec 2017 – Dec 31, 2018)

6

Source: Bloomberg


Stock index movement (in local currency)

Data as of Dec 31, 2018; rebased end-2017 = 100

70

80

90

100

110

120

130

31-D

ec-1

7

31-J

an-1

8

28-F

eb-1

8

31-M

ar-1

8

30-A

pr-1

8

31-M

ay-1

8

30-J

un-1

8

31-J

ul-1

8

31-A

ug-1

8

30-S

ep-1

8

31-O

ct-1

8

30-N

ov-1

8

31-D

ec-1

8

Indonesia

Malaysia

Vietnam

Singapore

Thailand

Philippines70

80

90

100

110

120

130

31-D

ec-1

7

31-J

an-1

8

28-F

eb-1

8

31-M

ar-1

8

30-A

pr-1

8

31-M

ay-1

8

30-J

un-1

8

31-J

ul-1

8

31-A

ug-1

8

30-S

ep-1

8

31-O

ct-1

8

30-N

ov-1

8

31-D

ec-1

8

MSCI world

index

Thailand

MSCI ASEAN

MSCI asia ex

Japan

MSCI emerging

markets

MSCI frontier

merkets

7

13.7

1

12.7

4

11.0

4

16.9

4

15.5

6

18.9

6

23.0

5

16.6

9

24.6

0

19.0

6

106.

13

10.0

5

10.0

0

11.5

4

12.1

5

13.3

1

16.2

1

18.7

0

19.2

4

19.2

0

15.5

5

49.9

7

9.82

9.84

11.3

6

11.7

2

12.5

4

15.6

2

18.9

5

19.1

3

19.7

0

14.7

5

44.3

0

Hong Kong Korea Singapore China Taiwan Vietnam Philippines Malaysia Indonesia SET mai

31-Dec-2017 30-Nov-2018 31-Dec-2018

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.


Unit: times

Forward P/E of Thailand and regional comparisons

Unit: times

Historical P/E of Thailand and regional comparisons

10.3

7

14.4

6

13.1

8

15.6

2

15.0

3

19.5

8

19.1

6

16.9

4

20.9

8

17.5

1

35.6

4

8.72 10

.62

11.1

6

12.7

8

13.0

4

16.0

6

16.1

5

16.4

6

17.3

2

15.2

7

26.4

3

8.68 10

.28

10.8

2

12.5

7

12.6

6

15.7

8

16.5

4

16.6

2

17.5

8

14.6

0

23.5

1

Korea China Hong Kong Singapore Taiwan Vietnam Indonesia Malaysia Philippines SET mai

31-Dec-2017 30-Nov-2018 31-Dec-2018

Average of 9 countries as of Dec 31, 2018 is 14.30

Average of 9 countries as of Dec 31, 2018 is 13.50

8

Source: Bloomberg

Market dividend yield : Previous 12-month dividend value divided by market capitalization at the end of the month.


Market Dividend Yield

Unit: percent

1.44

1.41

1.94

2.23

1.87

3.24

3.43

3.08

3.79

2.81

1.45

1.68

2.26

2.27

2.12

2.61

3.48

3.79

4.40

4.51

3.18

1.91

1.67

1.98

2.23

2.24

2.71

3.37

3.88

4.37

4.73

3.35

2.12

Philippines Korea Indonesia Vietnam China Malaysia Hong Kong Singapore Taiwan SET mai

31-Dec-2017 30-Nov-2018 31-Dec-2018

Average of 9 countries as of Dec 31, 2018 is 3.02%

9

1,1761,354 1,346

1,601

2,292

1,953 1,8941,733 1,686

1,5441,399 1,354

1,5791,429

1,0991,267

820 8841,020

589505

595

815

416318

462 531689

165 121 159 141

2015 2016 2017 2018 Jan 18 Feb 18 Mar 18 Apr 18 May 18 Jun 18 Jul 18 Aug 18 Sep 18 Oct 18 Nov 18 Dec 18

Thailand Singapore Malaysia Indonesia Philippines


Average daily turnover* (2015 - Dec 2018)

Unit: million USD

Source: World Federation of Exchanges (WFE), Official sources of all stock markets for Dec 2018

* Average daily turnover calculates by trading value / number of business days

10

Source: Bloomberg

*Vietnam exclude The Unlisted Public Company Market (UPCoM)


Size of IPO issued in ASEAN exchanges

(million USD)

Country 2014 2015 2016 2017 2018 2014 – 2018

Thailand 3,024 4,350 1,503 3,428 2,607 14,913

Singapore 2,550 325 1,520 3,257 522 8,174

Malaysia 1,251 1,283 293 1,718 167 4,783

Indonesia 768 878 1,043 709 1,287 4,685

Vietnam 161 10 3 1,165 2,441 3,780

Philippines 316 116 1,017 454 174 2,077

11

%YTD Weight Mkt cap.

2016 2017 2018 Oct 18 Nov 18 Dec 18 Dec 18 Dec 18

SET 19.8 13.7 -10.8 -5.0 -1.6 -4.7 -10.8 100%

SET50 18.6 17.7 -7.9 -4.9 -1.0 -4.3 -7.9 69%

Resource 38.5 19.6 -6.3 -6.2 -3.6 -6.6 -6.3 22%

Service 20.7 19.7 -8.7 -4.3 0.3 -2.1 -8.7 25%

Financial 17.7 11.5 -9.2 -3.7 -0.5 -4.9 -9.2 17%

Property 4.0 6.6 -13.2 -6.0 -0.8 -5.1 -13.2 15%

Industrial 33.6 28.7 -13.9 -5.7 -1.9 -5.5 -13.9 6%

Technology 7.5 7.5 -14.8 -2.9 -5.4 -5.1 -14.8 9%

Agro & Food 36.3 -1.9 -22.4 -5.9 -1.3 -5.8 -22.4 6%

Consumption 6.2 -5.1 -24.5 -7.0 -0.5 -5.2 -24.5 1%

%YoY %MTD

Source: SETSMART

Market Activities

70

80

90

100

110

120

29/1

2/20

17

12/1

/201

8

24/0

1/20

18

5/2/

2018

15/0

2/20

18

27/0

2/20

18

12/3

/201

8

22/0

3/20

18

3/4/

2018

18/0

4/20

18

30/0

4/20

18

11/5

/201

8

23/0

5/20

18

5/6/

2018

15/0

6/20

18

27/0

6/20

18

9/7/

2018

19/0

7/20

18

2/8/

2018

15/0

8/20

18

27/0

8/20

18

6/9/

2018

18/0

9/20

18

28/0

9/20

18

10/1

0/20

18

24/1

0/20

18

5/11

/201

8

15/1

1/20

18

27/1

1/20

18

11/1

2/20

18

21/1

2/20

18

RESOURC

SET50

SERVICE

FINCIAL

SET

PROPCON

INDUS

TECH

AGRO

CONSUMP

SET index classified by industry

SET index classified by industryUnit: percent

(Data as of Dec 28, 2018; rebased end-2017 = 100)

12

338,

836

240,

817

339,

733

314,

715

312,

086

309,

101

285,

476

263,

931

278,

715

282,

105

294,

306

277,

066

268,

638

240,

817

540

356

541 500 491 486 461

417 438 439 456

423 401 356

50

150

250

350

450

550

0

100,000

200,000

300,000

400,000

500,000

2017

2018

Jan

18

Feb

18

Mar

18

Apr

18

May

18

Jun

18

Jul 1

8

Aug

18

Sep

18

Oct

18

Nov

18

Dec

18

17,5

87,4

33

15,9

78,2

52

18,3

31,1

65

18,1

96,3

87

17,8

35,6

43

17,8

72,2

66

17,4

18,7

72

16,1

07,3

92

17,1

98,1

40

17,4

16,1

78

17,7

79,8

64

17,0

36,2

87

16,7

64,2

32

15,9

78,2

52

1,754 1,564

1,827 1,830 1,776 1,780 1,727 1,596 1,702 1,722 1,756 1,669 1,642 1,564

0

400

800

1,200

1,600

0

5,000,000

10,000,000

15,000,000

20,000,000

2017

2018

Jan

18

Feb

18

Mar

18

Apr

18

May

18

Jun

18

Jul 1

8

Aug

18

Sep

-18

Oct

18

Nov

18

Dec

18

SET Market capitalization and SET index

Unit: Market cap.(million THB) (LHS); Index (RHS)

mai Market capitalization and mai index

Source: SETSMART, data as of Dec 28, 2018.

Market Activities

Unit: Market cap.(million THB) (LHS); Index (RHS)

SETMarket Cap(million THB)

Index

High 18,451,181(Jan 24, 18)

1,838.96(Jan 24, 18)

Low 15,819,926(Dec 27, 18)

1,548.37(Dec 27, 18)

Average 17,375,446

%YoY -9.15% -10.82%

maiMarket Cap

(million THB)Index

High 339,733(Jan 31, 18)

540.74(Jan 31, 18)

Low 239,069(Dec 25, 18)

353.72(Dec 25, 18)

Average 292,511

%YoY -28.93% -34.04%

2018

2018

13

47,755

56,409

46,804

55,969

52,07845,308

53,358

40,782 41,449

1,753.71

1,563.881,673.16

1,753.711,756.41

1,563.88 1,669.091,641.801,563.88

0

400

800

1,200

1,600

2,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

2017

2018

Q3/

2017

Q4/

2017

Q3/

2018

Q4/

2018

Oct

18

Nov

18

Dec

18

2,358

1,265

2,339 2,397

1,265895

1,236 803 608

540.37

356.44

570.66540.37

456.38

356.44422.81 400.82

356.44

0

100

200

300

400

500

600

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

2017

2018

Q3/

2017

Q4/

2017

Q3/

2018

Q4/

2018

Oct

18

Nov

18

Dec

18

SET average daily trading value and SET Index

SET and mai (THB million) 2017 2018 H1/2018 H2/2018 Q3/2017 Q4/2017 Q3/2018 Q4/2018 Oct 18 Nov 18 Dec 18

Average daily trading value % YOY

50,114-4.6%

57,67315.1%

65,61041.0%

49,802-7.2%

49,143-19.8%

58,366-6.0%

53,3438.6%

46,203-20.8%

54,595-15.6%

41,585-29.4%

42,057-18.3%

Average daily trading value SET Index at the end of period

mai average daily trading value and mai Index

Average daily trading value mai Index at the end of period

Market Activities

Unit: Trading value (million THB (LHS); Index (RHS) Unit: Trading value (million THB) (LHS); Index (RHS)

Source: SETSMART, Data as of Dec 28, 2018

14

24,208 24,167 26,951 20,15528,107 23,117 21,846 18,437 22,990 16,388 15,630

15,151 21,38323,720

18,278

23,78023,222 19,474

17,06319,455

15,648 16,000

5,5176,134

6,765

5,372

6,9906,050

5,6985,041

5,556

4,421 5,198

5,2387,228

8,174

5,996

8,4427,464

6,3255,662

6,593

5,128 5,229

48.31% 40.81% 41.08% 40.47% 43.08% 38.62% 40.95% 39.90% 42.11% 39.41% 37.16%

30.23% 36.39% 36.15% 36.70% 34.00% 38.80% 36.51% 36.93% 35.63% 37.63% 38.04%

11.01% 10.52% 10.31% 10.79% 10.47% 10.11% 10.68% 10.91% 10.18% 10.63% 12.36%10.45% 12.28% 12.46% 12.04% 12.45% 12.47% 11.86% 12.25% 12.08% 12.33% 12.43%

2017 2018 H1/2018 H2/2018 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Oct 18 Nov 18 Dec 18

Local Investors Foreign Investors Local Institutions Proprietary Trading

Market Activities

Average daily trading value and trading proportion classified by investor types (SET and mai)

Unit: million THB

Unit: percent

Source: SETSMART, Data as of Dec 28, 2018

50,114 58,912 65,610 49,810 67,319 59,853 53,343 46,203 54,594 41,585 42,057

15

Unit: million THB

-26,103

-287,696-179,844

-107,851 -57,992-121,852

-28,978-78,873 -64,317

-13,881 -675

2017 2018 H1/2018 H2/2018 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Oct 18 Nov 18 Dec 18

Source: SETSMART; Data as of Dec 28, 2018

Market Activities

120,800

-287,696

181,549

-14,653

Local Investors Foreign Investors Local Institutions Proprietary Trading

Unit: million THB

2018 Net trading position classified by investor type

Net trading value of foreign investors

16

Fund type

2017 2018 Sep 18 Oct 18 Nov 18 Dec 18

Equity Fund 1,375,319 1,435,848 1,529,308 1,469,633 1,475,501 1,435,848 4.4% 29.6%

Fixed Income Fund 2,712,984 2,507,242 2,554,857 2,531,821 2,522,529 2,507,242 -7.6% 51.7%

Mixed Fund 371,759 352,404 379,538 366,210 364,470 352,404 -5.2% 7.3%

Property Fund 204,053 133,490 151,423 134,661 134,143 133,490 -34.6% 2.8%

Infrastructure fund 247,296 346,132 301,300 302,328 348,751 346,132 40.0% 7.1%

Others 76,434 76,523 76,868 76,595 77,546 76,523 0.1% 1.6%

Total 4,987,846 4,851,639 4,993,294 4,881,249 4,922,940 4,851,639 -2.7% 100.0%

Domestic Equity Fund (Exclude Vayupak Fund) 773,357 843,174 864,715 850,298 850,854 843,174 9.0% 58.7%

Vayupak Fund 369,250 361,645 411,886 386,827 381,524 361,645 -2.1% 25.2%

Foreign Equity Fund 232,712 231,029 252,707 232,508 243,123 231,029 -0.7% 16.1%

Total 1,375,319 1,435,848 1,529,308 1,469,633 1,475,501 1,435,848 4.4% 100.0%

Long-Term Equity Fund (LTF) 397,126 382,164 389,933 379,138 378,141 382,164 -3.8% 26.6%

Retirement Mutual Fund - Equity (RMFEQ) 100,576 106,722 109,330 106,008 106,714 106,722 6.1% 7.4%

Trigger Equity Fund 2,059 2,185 2,212 2,264 2,317 2,185 6.1% 0.2%

Other Equity fund 506,307 583,132 615,948 595,396 606,806 583,132 15.2% 40.6%

Vayupak Fund 369,250 361,645 411,886 386,827 381,524 361,645 -2.1% 25.2%

Total 1,375,319 1,435,848 1,529,308 1,469,633 1,475,501 1,435,848 4.4% 100.0%

Net asset value

End of year End of Month%YTD % proportion

Equity fund classified by destination

Equity fund classified by special fund group

Source: Summation of Asset Size by Classification report, Association of Investment Management Companies

Note: In Jan 2017, AIMC adjusted fund type of 1 Mixed funds to Others fund

Asset under management

Market Activities

Unit: million THB; Data as of Dec 28, 2018

17

Average daily trading contract classified by instruments

Unit: contracts; Data as of Dec 28, 2018

2017 2018 %YOY3 Q1/18 Q2/18 Q3/18 Q4/18 Oct 18 Nov 18 Dec 18 %MOM4

SET50 Index Futures1

107,873 173,649 61.0% 175,814 166,165 175,649 176,778 185,072 155,767 192,781 23.8%

SET50 Index Options 4,433 5,561 25.4% 6,792 5,098 4,606 5,738 5,731 4,714 6,996 48.4%

Single Stock Futures 194,593 225,846 16.1% 285,332 244,626 199,840 173,348 166,438 104,109 266,033 155.5%

50 Baht Gold Futures 783 675 -13.8% 716 642 796 543 688 362 595 64.4%

10 Baht Gold Futures1

14,347 16,745 16.7% 16,921 19,787 16,589 13,734 18,275 10,294 12,642 22.8%

Interest Rate Futures1

- - n.a. - - - - - - - n.a.

Silver Futures1- - n.a. - - - - - - - n.a.

Brent Crude Oil Futures1- - n.a. - - - - - - - n.a.

USD Futures11,422 2,799 96.8% 2,536 2,642 3,109 2,906 3,343 1,878 3,653 94.5%

Sector Index Futures1- - n.a. - - - - - - n.a.

Agricultural Futures644 141 220.5% 16 148 199 201 196 187 224 19.8%

Gold Deferred,6

722 434 -39.9% 691 774 191 88 119 74 70 -5.4%

Gold Online Futures 7

- 2,326 n.a. - - - - - 1,938 2,758 42.3%

All Products2

324,217 426,213 31.5% 488,817 439,882 400,979 374,785 379,863 279,146 485,755 74.0%

Source: SETSMART

Note1 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 2017 with 2018 (YTD).4 Calculated from the average daily trading

volume in November 2018 compared with

October 2018.5 TFEX ready for first agricultural trading

"RSS3 Futures" on Feb 15, 2016

6 TFEX ready for gold deferred futures

trading on Sep 4, 2017

7 TFEX ready for gold online futures trading

on Nov 5, 2017

Market Activities: TFEX

Appendix 1 Market Statistics

As end of December 2018 2017 2018 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Oct 2018 Nov 2018 Dec 2018

SET

SET Index 1,753.71 1,563.88 1,776.26 1,595.58 1,756.41 1,563.88 1,641.80 1,641.80 1,563.88

Market Dividend Yield (%) 2.70 3.22 2.85 3.16 2.87 3.22 2.99 3.05 3.22

Market P/E Ratio 1/ 19.06 14.75 18.29 16.24 17.33 14.75 16.51 15.55 14.75

Market P/BV 2.13 1.78 2.07 1.83 2.00 1.78 1.91 1.86 1.78

Total Turnover Value (M.Baht) 11,652,311 13,820,220 4,306,731 3,520,834 3,228,844 2,763,810 1,120,526 897,200 746,084

Daily Turnover Value (M.Baht) 47,755 56,409 69,463 58,681 52,078 45,308.37 53,358 40,782 41,449

Number of Listed Securities 2,052 2,296 2,306 2,341 2,341 2,296 2,348 2,395 2,296

Newly Listed Companies 22 8 1 - 2 5 3 1 1

Raising value of New Listed Securities (M.Baht) 2/ 390,661 107,430 3,686 - 1,646 102,098 91,225 3,973 6,900

Total value of Newly Listed Securities (M.Baht) 3/ 97,547 21,258 922 - 436 19,901 16,628 1,548 1,725

Delisted Listed Companies 7 4 - - 3 1 - - 1

No. of Companies moved from mai to SET 2 2 - 2 - - - - -

No. of Companies moved from SET to mai 1 - - - - - - - -

Total Capitalization (M.Baht) 17,587,433 15,978,252 17,835,643 16,107,392 17,779,864 15,978,252 17,036,287 16,764,232 15,978,252



mai

mai Index 540.37 356.44 490.65 416.57 456.38 356.44 422.81 400.82 356.44

Market Dividend Yield (%) 1.42 2.09 1.67 1.92 1.73 2.09 1.83 1.88 2.09

Market P/E Ratio 1/ 106.13 44.30 93.49 77.09 70.63 44.30 63.94 49.97 44.30

Market P/BV 2.83 1.83 2.41 2.06 2.25 1.83 2.12 2.04 1.83

Total Turnover Value (M.Baht) 575,437 309,857.95 106,526 70,317 78,436.81 54,579 25,963 17,672 10,944

Daily Turnover Value (M.Baht) 2,348.72 1,264.73 1,718 1,172 1,265.11 894.73 1,236.35 803.25 607.99

Number of Listed Securities 203 203.00 204 200 200 203 203 204 203

Newly Listed Companies 17 10 2 1 2 5 3 1 1

Raising value of New Listed Securities (M.Baht) 2/ 35,688 19,619 2,153 3,813 780 12,874 3,298 7,888 1,688

Total value of Newly Listed Securities (M.Baht) 3/ 8,733 5,223 538 1,023 237 3,425 895 2,102 428

Delisted Listed Companies - - - - - - - -

No. of Companies moved from mai to SET 2 2 - 2 - - - - -

No. of Companies moved from SET to mai 1 - - - - - - - -

Total Capitalization (M.Baht) 338,836 240,817 312,086 263,931 294,306 240,817 277,066 268,638 240,817



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%

Local Investors 48.31% 40.81% 43.08% 38.62% 41.95% 39.90% 42.11% 39.41% 37.16%

Foreign Investors 30.23% 36.39% 34.00% 38.80% 36.51% 36.93% 35.63% 37.63% 38.04%

Local Institutions 11.01% 10.52% 10.47% 10.11% 10.68% 10.91% 10.18% 10.63% 12.36%

Proprietary Trading 10.45% 12.28% 12.45% 12.47% 11.86% 12.25% 12.08% 12.33% 12.43%

Net Buying Position(M.Baht)

Local Investors -95,185 120,800 40,180 76,002 -41,132 45,750 44,685 -1,736 2,801

Foreign Investors -26,103 -287,696 -57,992 -121,852 -28,978 -78,874 -64,317 -13,881 -675

Local Institutions 104,666 181,549 14,514 60,229 63,754 43,051 23,439 14,221 5,391

Proprietary Trading 16,622 -14,653 3,298 -14,380 6,356 -9,927 -3,807 1,395 -7,516

Daily Turnover Value (M.Baht) 50,114 57,674 71,182 59,853 53,343 46,203 54,595 41,585 42,057

Total Capitalization (M.Baht) 17,926,270 16,219,069 18,147,730 16,371,323 18,074,169 16,219,069 17,313,353 17,032,870 16,219,069

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, excluded property funds, REITs and Infrastructure Funds

3/ Calculated from IPO Price multiplies with IPO shares

SET market report for 2018 · 2019-01-08 · SET News 2 /2019 January 7, 2019 SET market report for...

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