SET market report for July 2017...SET News 61/2017 August 21, 2017 SET market report for July 2017 -...
Transcript of SET market report for July 2017...SET News 61/2017 August 21, 2017 SET market report for July 2017 -...
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SET News 61/2017 August 21, 2017
SET market report for July 2017
- SET Index closed at 1,576.08 points, up 2.15 pct from end-2016.
- Average daily securities trading value at THB 41.48 bln
- Market cap at THB 15.9 trillion, a 2.47 pct rise from end-2016
BANGKOK, August 21, 2017 – The Stock Exchange of Thailand (SET) Index ended July at 1,576.08 points, gaining 2.15 percent from the end of 2016. Since the start of 2017, three industry groups outperformed the SET index were Industrials, Technology and Property & Construction. At the end of July, a combined market capitalization of SET and Market for Alternative Investment (mai) was THB 15.9 trillion (approx. USD 468 billion), up 2.47 percent from the end of 2016. The average daily trading value of SET and mai in July totaled THB 41.48 billion. Key highlights for July Securities:
SET Index ended July at 1,576.08 points, up 2.15 pct from end-2016.
Market capitalization of SET stood at THB 15.58 trillion, up 3.29 pct from end-2016, while market value of mai amounted to THB 311.26 billion, down 26.83 percent from end-2016.
Forward P/E ratio of SET was 15.55 times, while mai's was 36.32 times.
Dividend yield ratio of SET was 3.11 percent at end-July, while mai's was 1.59 percent.
In July, the average daily trading value of SET and mai fell 35.53 pct compared to the same period a year earlier to THB 41.48 billion, and dropped by 6.35 pct year-on-year to THB 45.87 billion for the January-July period.
Foreign investors were net sellers of Thai shares in July at THB 6.49 billion, while being the net buyer at THB 6.54 billion during January-July.
In July, SET and mai-listed companies raised funds through equity worth a combined THB 45.77 billion, of which THB 10.87 billion was from the primary market and THB 34.90 billion from the secondary market. For the first seven months, the total fund raised reached THB 137.88 billion.
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Derivatives:
The average derivatives trading volume was 209,310 contracts per day in July. For the first seven months, the average derivatives trading volume decreased 3.56 percent from a year earlier to 275,047 contracts a day, the decrease was largely driven by the decrease in transactions of SET50 Index Futures.
For more information, please visit http://www.set.or.th/th/setresearch/information/press_release.html .
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SET Market Report for July 2017
August 21, 2017
Key highlights for July 2017
• The Stock Exchange of Thailand (SET) Index ended July 2017 at 1,576.08 points, gaining 2.15 percent from the end of 2016. Since the start of 2017,
three industry groups outperformed the SET index were Industrials, Technology and Property & Construction.
• In July, the average daily trading value of SET and mai fell 35.53 pct compared to the same period a year earlier to THB 41.48 billion, and dropped by
6.35 pct year-on-year to THB 45.87 billion for the January-July period.
• Foreign investors were net sellers of Thai shares in July at THB 6.49 billion, while being the net buyer at THB 6.54 billion during January-July.
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• Foreign investors were net sellers of Thai shares in July at THB 6.49 billion, while being the net buyer at THB 6.54 billion during January-July.
• In July, SET and mai-listed companies raised funds through equity worth a combined THB 45.77 billion, of which THB 10.87 billion was from the primary
• market and THB 34.90 billion from the secondary market. For the first seven months, the total fund raised reached THB 137.88 billion.
• The average derivatives trading volume was 209,310 contracts per day in July. For the first seven months, the average derivatives trading volume
decreased 3.56 percent from a year earlier to 275,047 contracts a day, the decrease was largely driven by the decrease in transactions of SET50 Index
Futures.
Net buy / sell
Yearly 6 months Quarterly Monthly
YTD2014 2015 2016 H2/16 H1/17 4/2016 1/2017 2/2017
2017
May Jun Jul
Foreign net trading value into regional stock markets
Unit: million USD, Data as of Jul 31, 2017
SET in the regional context
2014 2015 2016 H2/16 H1/17 4/2016 1/2017 2/2017
May Jun Jul
THAILAND -1,091 -4,372 2,240 1,203 393 -1,545 185 208 161 -5 -199 194
INDONESIA 3,766 -1,580 1,259 274 1,303 -1,367 626 677 -48 -325 -798 505
PHILIPPINES 1,256 -1,194 83 -557 409 -668 -348 757 173 386 38 447
VIETNAM 136 100 -345 -266 406 -114 154 252 59 93 112 518
TAIWAN 13,190 3,384 10,956 4,712 9,413 -3,305 5,970 3,443 1,565 720 22 9,435
INDIA 16,118 3,274 2,903 -53 8,281 -4,607 6,699 1,808 1,542 610 579 9,086
KOREA 5,684 -3,580 10,480 7,131 9,012 1,066 4,766 4,246 1,635 1,659 -381 8,631
Source: Bloomberg
Note: exclude mai3
SET in the regional context
Unit: net flow (billion THB); Data as of Jul 27, 2017
Foreign net flow into Thai bond and equity markets
Net flow
Yearly Quarterly Monthly Weekly
2014 2015 2016 4/2016 1/2017 2/20172017 11-14
Jul
17-21
Jul
24-27
JulMay Jun Jul
1.Government bond (LB+TB) 29.7 -71.8 16.4 -22.8 51.0 44.6 9.8 24.0 -11.0 -10.3 0.8 1.2
Sources: SETSMART, Thai BMA and BOT
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1.Government bond (LB+TB) 29.7 -71.8 16.4 -22.8 51.0 44.6 9.8 24.0 -11.0 -10.3 0.8 1.2
2.Central bank bond -53.9 -40.4 46.8 -75.1 11.6 -18.6 23.2 -24.9 4.2 -1.3 -3.5 9.4
3.Equity -35.7 -155.6 78.5 -54.7 6.3 6.7 0.2 -0.6 0.7 1.4 -0.1 -2.6
Total (1+2+3) -59.9 -267.8 141.7 -152.6 68.9 32.7 33.2 -1.5 -6.1 -10.2 -2.8 8.0
THB/USD (average) 32.48 34.25 35.28 35.40 35.12 34.30 34.51 33.99 33.77 33.93 33.56 33.40
THB/USD (end of period) 32.91 36.03 35.83 35.83 34.35 33.93 34.05 33.93 33.33 33.75 33.44 33.33
SET in the regional context
10.0 10.1 12.4 12.1
20.7
16.523.3
15.118.1
27.4 29.323.7 23.3
2.1 4.27.2 10.3
12.7 12.915.6 17.2 17.9 18.6
22.1 23.7 24.2
Thailand Japan Malaysia Indonesia Taiwan China Singapore Philippines Vietnam Korea India MSCI EM Hong Kong
USD Local currency
Stock index change (%YTD)
Unit: percent; (end of Dec 2016 – July 31, 2017)
5
Source: Bloomberg; * MSCI EM = MSCI Emerging Markets Index
1.2 0.22.0
0.20.8
2.30.9
2.6 2.2
4.75.9 5.5 6.0
-0.5 -0.2
0.1 0.2 0.3 0.5 0.91.9 2.2
3.2
5.2 5.56.1
Japan Malaysia Thailand Indonesia Taiwan Korea Vietnam China Philippines Singapore India MSCI EM Hong Kong
USD Local currency
Stock index change (%MTD)
Unit: percent; (end of Jun 2017 – July 31, 2017)
Thailand Japan Malaysia Indonesia Taiwan China Singapore Philippines Vietnam Korea India MSCI EM Hong Kong
Stock index movement (in local currency)
Data as of July 31, 2017; rebased end-2016 = 100
SET in the regional context
120
130Vietnam
Philippines
Singapore
120
130 MSCI asia ex
Japan
MSCI emerging
markets
Source: Bloomberg
6
90
100
110
31-D
ec-1
6
31-J
an-1
7
28-F
eb-1
7
31-M
ar-1
7
30-A
pr-1
7
31-M
ay-1
7
30-J
un-1
7
31-J
ul-1
7
Singapore
Indonesia
Malaysia
Thailand90
100
110
31-D
ec-1
6
31-J
an-1
7
28-F
eb-1
7
31-M
ar-1
7
30-A
pr-1
7
31-M
ay-1
7
30-J
un-1
7
31-J
ul-1
7
markets
MSCI frontier
merkets
MSCI ASEAN
MSCI world
index
Thailand
10.8
9
12.2
3
13.3
6
14.6
7
13.0
7
16.1
4
16.1
2
17.0
6
20.5
0
16.5
3
31.6
4
10.2
9
12.4
3
14.0
3
14.7
1
14.6
7
15.7
4
16.3
4
16.7
6
19.0
0
15.3
9
37.2
8
10.1
9
13.0
8
14.4
2
14.8
5
15.1
2
15.6
2
16.2
6
16.7
5
19.3
9
15.5
5
36.3
2
Korea Hong Kong China Taiwan Singapore Vietnam Malaysia Indonesia Philippines SET mai
31-Jul-2016 30-Jun-2017 31-Jul-2017Unit: times
Forward P/E of Thailand and regional comparisons
SET in the regional context
Average of 9 countries as of Jul 31, 2017 is 15.08
12.3
0
11.9
3
16.7
7
16.3
9
17.9
5
15.8
7
16.9
1
23.5
9
26.8
7
23.3
3
67.0
2
12.9
3
13.5
5
16.1
1
16.2
1
16.6
6
17.2
4
17.0
2
21.5
5
24.4
6
16.3
2
92.1
3
13.3
5
14.3
6
16.0
2
16.1
9
16.6
2
17.3
8
17.5
8
22.0
3
24.3
9
16.3
8
93.0
8
Singapore Hong Kong Taiwan Vietnam Malaysia Korea China Philippines Indonesia SET mai
31-Jul-2016 30-Jun-2017 31-Jul-2017
Korea Hong Kong China Taiwan Singapore Vietnam Malaysia Indonesia Philippines 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.
Average of 9 countries as of Jul 31, 2017 is 17.55
7
Unit: times
Historical P/E of Thailand and regional comparisons
3.27
3.09
3.90
3.73
4.03
3.13
2.23
.75 3.06
3.29
3.41
3.67
3.16
2.98
3.06
3.18
3.26
3.84
3.11
31-Jul-2016 30-Jun-2017 31-Jul-2017
Market Dividend Yield
Unit: percent
SET in the regional context
1.61
1.63
2.01
1.85
1.24
1.49
1.61
1.76
2.23
2.
1.67
1.47
1.58
1.93
2.07
1.59
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.
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Average of 9 countries as of Jul 31, 2017 is 2.60%
65.263.0 64.0
31.533.9
41.4
28.4
1,220.71,156.0
1,135.2
859.2 910.9772.9566.9 684.6
Share turnover velocity** (2013 - June 2017)
Unit: percent
Average daily turnover* (2013 - June 2017)
Unit: million USD
SET in the regional context
29.8
31.5
26.4
33.941.4
28.4
20.623.5
13.713.4 15.6
16.4
2013 2014 2015 2016 2017 Jan
17
Feb
17
Mar
17
Apr
17
May
17
Jun
17
Thailand Singapore Malaysia
Indonesia Philippines
772.9566.9 684.6518.6
411.0 459.4363.5
142.2 160.8184.8
2013 2014 2015 2016 2017 Jan
17
Feb
17
Mar
17
Apr
17
May
17
Jun
17
Thailand Singapore Malaysia
Indonesia Philippines
9
Source: World Federation of Exchanges (WFE)., Data of Indonesia market as of April 2017.
* 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.
5,795
3,674
1,948
Domestic Market Capitalization
Unit: billion USD; data as of end June 2017
(...%) Percentage change (MoM); May 2017 - Jun 2017
Number of Listed Companies
Unit: companies; data as of end-June 2017
(…) Change (MoM); May 2017 - Jun 2017
SET in the regional context
Source: World Federation of Exchanges (WFE), Indonesia Stock Exchange and Bloomberg
* Bombay SE 10
2,034
918 900 752 663 553 268
Indi
a*
Hon
g Kon
g
Tai
wan
Mal
aysi
a
Sin
gapo
re
Tha
iland
Indo
nesi
a
Phi
lippi
nes
1,948
1,015738
479 468 415 270
Hon
g Kon
g
Indi
a*
Tai
wan
Sin
gapo
re
Indo
nesi
a
Tha
iland
Mal
aysi
a
Phi
lippi
nes
vv(0.3%) (-0.2%) (-1.0%) (+19) (+7) (+1)(2.7%) (1.2%) (2.1%) (+1) (0) (+1)(MoM) (+10)(0.0%) (-2)(1.2%)
SET in the regional context
7.1% 10.4% 12.5% 13.6% 14.4% 15.1% 17.8%24.8%
2.8%
10.8%14.5%
9.8% 10.5%15.8%
13.2%18.6%
Thailand Indonesia Philippine Singapore Malaysia Hong Kong Taiwan India
USD Local currency
Domestic Market Capitalization (%YTD)
Unit: percent; (end of Dec 2016 - Jun 2017)
Source: World Federation of Exchanges (WFE).
* BSE India Limited 11
Thailand Indonesia Philippine Singapore Malaysia Hong Kong Taiwan India
-1.0% -0.2%
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%
3.6%
Philippine India Malaysia Hong Kong Singapore Thailand Indonesia Taiwan
USD Local currency
Domestic Market Capitalization (%MoM)
Unit: percent; (end of May 2017 - Jun 2017)
90
110
INDUS
TECH
SET50
PROPCON
SET
RESOURC
SERVICE
FINCIAL
SET index classified by industry
Market Activities
(Data as of Jul 31, 2017; rebased end-2016 = 100)
%YTD Weight Mkt cap.
2014 2015 2016 May 17 Jun 17 Jul 17 Jul 17 Jul 17
SET 15.3 -14.0 19.8 -0.3 0.8 0.1 2.1 100%
SET50 13.3 -18.7 18.6 -0.8 0.8 1.0 4.1 66%
Industrial -14.3 -9.7 33.6 -0.5 0.4 0.8 12.7 6%
Technology 22.0 -34.5 7.5 -0.2 2.0 -0.2 8.5 11%
Property 18.8 -0.9 4.0 0.0 0.1 -0.7 2.3 16%
Resource -2.3 -20.7 38.5 -1.1 -2.0 3.5 2.0 20%
Service 22.8 2.9 20.7 1.2 2.7 0.6 1.0 24%
Financial 27.9 -22.3 17.7 -0.9 1.8 -2.9 0.7 17%
Consumption 40.9 -18.3 6.2 -5.4 -0.1 -0.3 -3.3 1%
Agro & Food 8.7 -13.2 36.3 -1.5 0.3 -1.7 -6.1 7%
%YoY %MTD
90
30/1
2/20
16
9/1/
2017
13/0
1/20
17
19/0
1/20
17
25/0
1/20
17
31/0
1/20
17
6/2/
2017
10/2
/201
7
17/0
2/20
17
23/0
2/20
17
1/3/
2017
7/3/
2017
13/0
3/20
17
17/0
3/20
17
23/0
3/20
17
29/0
3/20
17
4/4/
2017
11/4
/201
7
19/0
4/20
17
25/0
4/20
17
2/5/
2017
8/5/
2017
15/0
5/20
17
19/0
5/20
17
25/0
5/20
17
31/0
5/20
17
6/6/
2017
12/6
/201
7
16/0
6/20
17
22/0
6/20
17
28/0
6/20
17
4/7/
2017
11/7
/201
7
17/0
7/20
17
21/0
7/20
17
27/0
7/20
17
FINCIAL
CONSUMP
AGRO
Source: SETSMART
SET index classified by industry
Unit: percent
12
15,0
79,2
72
15,5
75,6
90
13,7
92,0
13
14,6
86,0
74
14,9
62,0
71
14,3
64,5
85
14,5
89,7
97
14,7
42,7
71
15,0
79,2
72
15,5
17,9
73
15,3
43,5
15
15,4
91,4
97
15,4
74,2
33
15,4
69,3
37
15,6
12,7
55
15,5
75,6
90
1,543 1,576 1,445 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
100
600
1,100
1,600
0
5,000,000
10,000,000
15,000,000
20,000,000
2016
2017
(YTD
)
Jun
16
Jul 1
6
Aug
16
Sep
16
Oct
16
Nov
16
Dec
16
Jan
17
Feb
17
Mar
17
Apr
17
May
17
Jun
17
Jul 1
7
SET Market capitalization and SET index Unit: Market cap.(million THB) (LHS); Index (RHS)
Market Activities
SET Market Cap Index
High 15,730,282(Jun, 27)
1,591.00(Jan 26, 17)
Low 15,099,014(Mar 13, 17)
1,535.51(Mar 13, 17)
Average 15,498,911
%YTD 3.29% 2.15%
2017 (YTD)
425,
364
311,
257
337,
010
382,
584
378,
830
362,
722
379,
484
394,
945
425,
364
335,
866
331,
510
324,
089
320,
679
318,
952
320,
280
311,
257
616 551 527
589 585 552 576 599
616 646 613 597
577 569 566 551
50150250350450550650750
0
100,000
200,000
300,000
400,000
500,000
2016
2017
(YTD
)
Jun
16
Jul 1
6
Aug
16
Sep
16
Oct
16
Nov
16
Dec
16
Jan
17
Feb
17
Mar
17
Apr
17
May
17
Jun
17
Jul 1
7
2016
2017
(YTD
)
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
mai Market capitalization and mai index
Source: SETSMART, data as of Jul 31, 2017.13
Unit: Market cap.(million THB) (LHS); Index (RHS)
%YTD 3.29% 2.15%
mai Market Cap Index
High 436,825
(Jan 5, 17)
646.02
(Jan 31, 17)
Low 303,573
(Mar 15, 17)
545.63
(May 15, 17)
Average 325,775
%YTD -26.83% -10.59%
2017 (YTD)
616.27
551.03518.40 527.35
597.45 565.71 568.88 568.59551.03
400
500
600
700
800
8,000
10,000
12,000
14,000
50,245
43,613 45,168 44,910 48,337
1,542.941,576.08
1,407.70 1,444.99 1,575.111,574.741,561.66 1,574.74
1,576.08
1,200
1,600
2,000
50,000
60,000
70,000
80,000
SET average daily trading value and SET Index
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 periodUnit: Trading value (million THB (LHS); Index (RHS) Unit: Trading value (million THB) (LHS); Index (RHS)
Market Activities
2,2812,252
1,371 1,9022,528
2,165 2,2132,164 1,631
0
100
200
300
400
0
2,000
4,000
6,000
8,000
2016
2017
(YTD
)
Q1/
2016
Q2/
2016
Q1/
2017
Q2/
2017
May
17
Jun
17
Jul 1
7
43,613 45,168 44,910 48,337
39,924 40,781 40,572 39,852
0
400
800
20,000
30,000
40,000
50,000
2016
2017
(YTD
)
Q1/
2016
Q2/
2016
Q1/
2017
Q2/
2017
May
17
Jun
17
Jul 1
7
SET and mai(THB million)
2016 2017(YTD)
H1/2016 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Apr 17 May 17 Jun 17 Jul 17
Average daily trading value % YOY
52,52618.56%
45,866-6.35%
46,669-2.16%
46,540-14.40%
46,81215.42%
61,30348.96%
55,08434.22%
50,8659.29%
42,089-10.09%
40,132-8.18%
42,994-4.46%
42,73615.70%
41,483-35.53%
Source: SETSMART
14
28,265 22,192 24,687 25,505 32,565 30,138 25,797 19,798 25,185 20,708 18,179 20,140 20,723 17,989
13,43313,750 11,828 11,681
16,068 14,04114,352
13,03215,778
13,456 12,915 13,578 12,601 14,054
5,3045,196 4,731 4,779
6,0675,606
5,6084,778
5,6364,600 4,566 4,737 4,980 5,170
5,5234,728
5,294 4,846
6,6045,299
5,1074,481
5,6374,426
4,472 4,539 4,433 4,270
Average daily trading value and trading proportion classified by investor types
Unit: million THB
Average daily
Market Activities
53.81% 48.38% 53.05% 54.48% 53.12% 54.71% 50.72% 47.04% 48.21% 47.95% 45.30% 46.84% 48.49% 43.36%
25.57% 29.98% 25.42% 24.95% 26.21% 25.49% 28.22% 30.96% 30.21% 31.16% 32.18% 31.58% 29.49% 33.88%
10.10% 11.33% 10.17% 10.21% 9.90% 10.18% 11.03% 11.35% 10.79% 10.65% 11.38% 11.02% 11.65% 12.46%10.52% 10.31% 11.37% 10.35% 10.77% 9.62% 10.04% 10.65% 10.79% 10.25% 11.14% 10.56% 10.37% 10.29%
2016 2017
(YTD)
Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17
Local Investors Foreign Investors Local Institutions Proprietary Trading
15
Unit: percent
53,52653,526 45,86645,866 46,54046,540
Average daily
trading value 46,81246,812
Source: SETSMART, Data as of Jul 31, 2017
61,30361,303 50,86550,86555,69355,693 52,23652,236 44,25844,258 40,13240,132 42,99442,994 42,73642,73642,08942,089 41,48341,483
Market Activities
-48,528
6,53746,565
-4,574
Local Investors Foreign Investors Local Institutions Proprietary Trading
Unit: million THB
Net trading position classified by investor type (YTD)
Unit: million THB
78,546 6,537 18,398 17,580 97,293
-54,725
6,371 6,652 5,454
-628 -6,486
2016 2017
(YTD)
Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 May 17 Jun 17 Jul 17
Source: SETSMART; Data as of Jul 31, 2017 16
Local Investors Foreign Investors Local Institutions Proprietary Trading
Net trading value of foreign investors
Market Activities
SET10
SET11-30
SET31-50
SET51-100
Non SET100 and mai
Proportion of trading value by market cap
Unit: percent , data as of Jul 31, 2017
28% 25%37% 30% 25% 23% 24% 25% 24% 30%
21% 18%22%
20% 22% 21% 18% 17% 16%19%
9% 11%
13%12% 11% 8% 11% 12% 12%
12%12% 13%
11%13% 13% 12% 12% 14% 15%
13%
30% 33%18% 25% 30% 35% 35% 32% 33% 27%
Proportion of trading value by sector
Unit: percent , data as of Jul 31, 2017
Source: SETSMART
46,540Daily average trading value (Unit: million THB) 46,81245,866 61,303
17
18% 19% 17% 18% 14%22% 17% 20% 21% 21%
13% 13% 15% 13%14%
11%12% 12% 11% 15%
14% 9%20%
13% 13%10%
11% 8% 9%9%
8%7%
7%8% 10% 8%
7% 6% 8%8%
7%7%
5%7% 7% 8%
7% 6% 5%7%
6%7%
4%5% 6% 7%
6% 7% 7%6%
5%5%
6%5% 6% 4%
5% 5% 5%4%
2% 4%2%
2% 2% 3%5% 3%
3% 4%4% 3%4%
4% 4% 3% 3%2%
3% 2%
23% 27%19% 25% 25% 24% 27% 32% 27% 24%
2016 2017 (YTD) Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Jun 17 Jul 17
CommerceTransportation
Bank
Information & Communication Technology
Energy
Construction materialsFood & Beverage
Others
55,693 50,86553,526 42,089
FinanceConstruction
42,736 41,483
Market Activities
Type Yearly % YoY Quarterly Monthly
2016 2016 (7M) 2017 (7M) 1/2016 2/2016 3/2016 4/2016 1/2017 2/2017 May 17 Jun 17 Jul 17
Initial Public Offering 52,781 13,233 43,167 226.21% 1,356 9,195 11,062 31,168 2,346 29,949 2,763 - 10,871
Secondary Offering 199,529 147,442 94,712 -35.76% 13,814 75,407 93,821 16,487 25,314 34,498 20,288 12,342 34,901
- Public Offering 1,339 - 1,351 n.a. - - - 1,339 - 1,351 - 1,351 -
- Private Placement 20,245 11,511 47,769 314.99% 8,484 1,538 1,712 8,511 21,038 4,100 533 2,631 22,631
- Convertible Bond - - - n.a. - - - - - - - - -
- Warrant 63,672 53,275 16,274 -69.45% 1,692 51,328 7,445 3,207 1,740 2,486 517 1,100 12,048
- Right Offering 114,272 82,656 29,319 -64.53% 3,637 22,541 84,664 3,430 2,536 26,562 19,238 7,260 221
Unit: million THBFund raising value New IPOs:
1. B. Grimm Power Plc.
Value 10,428.80
million baht
2. Firetrade Engineering
plc. Value 442.50
million baht
Source: SET; Data as of August 15, 2017. 18
Accumulated 7 month fund raising value 2017
Grand Total 252,310 160,675 137,879 -14.19% 15,170 84,602 104,884 47,655 27,660 64,447 23,050 12,342 45,772
Accumulated fund raising value in July 2017
Property
48,443
Resources
31,941
mai
11,499
Financials
22,805
Industrials
16,532
Services
4,369
Technology
1,340
Others
950 Property
5,517
Resources
10,429
mai
839
Financials
16,599
Services
459
Number of active investors and active rate* Unit: No. of accounts (LHS); % active rate (RHS)
Market Activities
311,907 335,302 330,045375,550 404,088 389,320 394,105 370,530 336,901 384,835 366,720 358,135 323,271 351,170 351,331
26.2% 25.7% 25.4%28.8% 30.7% 29.3% 29.6% 27.6%
24.9%28.2% 26.6% 25.7%
23.1% 24.8% 24.6%
0%
10%
20%
30%
40%
0
200,000
400,000
600,000
800,000
clients active rate
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 1,2017 19
0%0
2015 2016 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17
2015 20162016 2017
Jun Jul** Aug Sep Oct Nov Dec Jan Feb Mar Apr May June
Number of investors (accounts) 1,244,9072 1,353,2252 1,301,988 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 1,426,178
% YoY of Number of accounts 13.3%2 8.7% 2 9.4% 8.5% 8.5% 8.1% 7.3% 7.4% 8.2% 8.7% 9.3% 9.5% 9.6% 9.7% 9.5%
Trading Value / Accounts
(Million baht)
2.872 3.182 3.38 3.08 3.39 3.27 3.22 3.43 2.59 3.03 2.71 2.77 2.11 2.57 2.68
% YoY of trading value /
Accounts -10.8% 10.8% 21.0% 20.5% 18.9% 8.0% 1.7% 26.0% -11.1% -8.7% -15.2% -30.7% -18.7% -2.9% -20.8%
1 1
Market Activities
224,726 235,570 237,887 258,352 281,135 273,205 274,319 257,634 234,997269,618
257,421 251,161 244,579 244,637 243,864
16% 5% 9% 13% 22% 33% 34% 21% 15% 43% 38% 17% 10% 14% 3%-100%
0%
100%
200%
300%
0
100,000
200,000
300,000
2015 2016 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17
Number of active internet investor’s account Unit: No. of accounts (LHS); %YoY (RHS)
1 1
Internet Trading Value Unit: million THB (LHS); %YoY (RHS)
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, 2017.
20
339,746 372,805 391,807410,638 493,252 427,125 428,821 478,158
320,529
425,657
325,478 320,370204,788
285,124 310,820
-2% 10% 27% 37% 42% 26% 22% 56% 12% 41% 13% -22% -18%5% -21%
-200%-100%0%100%200%300%
0
200,000
400,000
600,000
2015 2016 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17
% Internet trading value 20152 20162 Jun 16 Jul 16 Aug 16* Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17
Comparing with total trading value (%) 37.9 34.9 35.1 35.5 36.0 33.6 33.7 37.6 36.7 36.5 32.8 32.3 30.0 31.6 33.1
Comparing with trading value of local investors,
excludes local institution (%)
64.0 64.9 61.7 63.9 66.3 67.6 63.6 63.4 67.5 66.0 68.0 67.3 66.3 67.4 68.2
Internet Trading Value
1 1
Fund type
2015 2016 Apr 17 May 17 Jun 17 Jul 17
Equity Fund 979,386 1,141,779 1,164,935 1,161,882 1,160,173 1,155,886 1.2% 24.1%
Fixed Income Fund 2,239,040 2,508,995 2,570,563 2,565,819 2,555,240 2,605,640 3.9% 54.4%
Mixed Fund 115,564 297,695 303,258 317,573 329,930 324,363 9.0% 6.8%
Property Fund 286,408 287,629 288,610 291,218 292,951 298,095 3.6% 6.2%
Infrastructure fund 219,767 235,937 244,400 244,372 242,735 244,311 3.5% 5.1%
Net asset value
End of year End of Month%YTD % proportion
Asset under management
Market Activities
Unit: million THB; as of Jul 31, 2017
Infrastructure fund 219,767 235,937 244,400 244,372 242,735 244,311 3.5% 5.1%
Others 134,796 87,511 133,839 142,517 154,024 161,577 84.6% 3.4%
Total 3,974,960 4,559,545 4,705,605 4,723,381 4,735,052 4,789,872 5.1% 100.0%
Domestic Equity Fund (Exclude Vayupak Fund) 519,973 619,808 626,448 627,653 633,129 628,745 1.4% 54.4%
Vayupak Fund 233,207 328,726 345,249 345,268 338,789 338,395 2.9% 29.3%
Foreign Equity Fund 226,206 193,245 193,238 187,253 188,255 188,746 -2.3% 16.3%
Total 979,386 1,141,779 1,164,935 1,160,173 1,160,173 1,155,886 1.2% 100.0%
Long-Term Equity Fund (LTF) 277,313 337,392 328,914 328,812 330,810 330,288 -2.1% 28.6%
Retirement Mutual Fund - Equity (RMFEQ) 54,209 73,467 75,800 76,166 77,876 77,991 6.2% 6.7%
Trigger Equity Fund 20,610 18,859 14,345 12,308 9,553 7,791 -58.7% 0.7%
Other Equity fund 394,047 383,334 400,627 404,098 403,146 401,421 4.7% 34.7%
Vayupak Fund 233,207 328,726 345,249 338,789 338,789 338,395 2.9% 29.3%
Total 979,386 1,141,779 1,164,935 1,160,173 1,160,173 1,155,886 1.2% 100.0%
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 21
Average daily trading contract classified by instruments
Unit: contracts; Data as of Jul 31, 2017
2016 2017
(YTD)
%YOY3 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 %QOQ4 Jun 17 Jul 17 %MOM5
SET50 Index Futures1
131,938 92,148 -30.16% 120,229 142,120 126,844 100,757 90,324 -10.35% 101,655 69,817 -31.32%
SET50 Index Options 1,757 3,158 79.70% 1,358 2,305 2,008 2,450 3,151 28.61% 3,433 5,492 59.97%
Single Stock Futures 138,634 166,571 20.15% 107,834 214,386 159,796 189,815 157,628 -16.96% 179,539 118,959 -33.74%
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.
Market Activities: TFEX
Single Stock Futures 138,634 166,571 20.15% 107,834 214,386 159,796 189,815 157,628 -16.96% 179,539 118,959 -33.74%
50 Baht Gold Futures 747 671 -10.11% 659 478 1,083 693 622 -10.25% 764 756 -1.13%
10 Baht Gold Futures1
11,155 11,335 1.62% 11,699 10,523 10,190 9,093 13,209 45.27% 17,269 12,738 -26.24%
Interest Rate Futures1
- - n.a. - - - - - n.a. - - n.a.
Silver Futures1- - n.a. - - - - - n.a. - - n.a.
Brent Crude Oil Futures1119 - n.a. 122 41 - - - n.a. - - n.a.
USD Futures1838 1,124 34.12% 524 758 1,084 907 1,244 37.16% 1,358 1,451 6.91%
Sector Index Futures1- - n.a. - - - - - n.a. - - n.a.
Agricultural Futures6, 71 39 3,275.21% 2 2 - 7 55 685.71% 101 96 -4.51%
All Products2
285,189 275,047 -3.56% 242,426 370,614 301,006 303,721 266,234 -12.34% 304,119 209,310 -31.17%
Source: SETSMART
each instrument.3 Calculated from the average daily trading
volume of year 2016 with year 2017 (YTD).4 Calculated from the average daily trading
volume in Q2/2017 with Q1/2017.5 Calculated from the average daily trading
volume in July 2017 compared with June
2017.6 TFEX ready for first agricultural trading
"RSS3 Futures" on Feb 15, 2016
22
600
700
800
900
MSCI ASEAN
6,500
7,000
7,500
8,000
UK: FTSE100
20,00020,50021,00021,50022,000
US: Down Jones
Appendix
Index movement
+10.7% YTD
+2.5% MTD
+16.4% YTD
+2.3% MTD
Data as of Jun 31, 2017
+3.2% YTD
+0.8%MTD 600
1-Ja
n
1-Feb
1-M
ar
1-Apr
1-M
ay
1-Ju
n
1-Ju
l
1,500
1,600
1-Ja
n
1-Feb
1-M
ar
1-Apr
1-M
ay
1-Ju
n
1-Ju
l
TH: SET
17,000
18,000
19,000
20,000
21,0001-
Jan
1-Feb
1-M
ar
1-Apr
1-M
ay
1-Ju
n
1-Ju
l
JP: Nikkei
3,000
3,200
3,400
3,600
3,800
1-Ja
n
1-Feb
1-M
ar
1-Apr
1-M
ay
1-Ju
n
1-Ju
l
CN: SHSZ300
6,500
1-Ja
n
1-Feb
1-M
ar
1-Apr
1-M
ay
1-Ju
n
1-Ju
l19,50020,000
1-Ja
n
1-Feb
1-M
ar
1-Apr
1-M
ay
1-Ju
n
1-Ju
l
23
+2.5% MTD+2.3% MTD
+4.2% YTD
-0.5% MTD
+ 12.9% YTD
+1.9% MTD
+0.8%MTD
+2.1% YTD
+0.1%MTD
Source: Bloomberg
2,000
3,000
4,000
Rubber
1,000
1,100
1,200
1,300
Gold
30
40
50
60
Crude oil
Appendix
Commodities price movement
-6.6% YTD
+8.9% MTD
+10.6% YTD
+2.2%MTD
+11.4%YTD
-2.8% MTD
Data as of Jul 31, 2017
(USD/barrel)(USD/ounce) (TOCOM rubber index)
5
10
15
20
25
Dec
-16
Jan-
17
Feb
-17
Mar
-17
Apr
-17
May
-17
Jun-
17
Jul-1
7
Sugar
350
400
450
500
Dec
-16
Jan-
17
Feb
-17
Mar
-17
Apr
-17
May
-17
Jun-
17
Jul-1
7
Thai white rice
2,000
Dec
-16
Jan-
17
Feb
-17
Mar
-17
Apr
-17
May
-17
Jun-
17
Jul-1
7
1,000
Dec
-16
Jan-
17
Feb
-17
Mar
-17
Apr
-17
May
-17
Jun-
17
Jul-1
7
30
Dec
-16
Jan-
17
Feb
-17
Mar
-17
Apr
-17
May
-17
Jun-
17
Jul-1
7
800
1,000
1,200
1,400
1,600
Jan-
17
Feb
-17
Mar
-17
Apr
-17
May
-17
Jun-
17
Tapioca
24
+2.2%MTD
+11.5% YTD
-9.6% MTD
(USD/metric ton) (cents/ pound) (THB/metric ton)
-18.5% YTD
+6.5% MTD
Source: Bloomberg, Office of Agricultural Economics
-23.8% YTD
-2.5% MTD
Appendix
Exchange rate movement
Data as of Jul 31, 2017
-1.8%
1.1%3.1% 4.6% 5.7% 6.3% 7.1% 7.1% 11.2%
+ = Appreciation against USD
%YTD
25
-1.8%
PHP IDR CNY MYR JPY SGD THB GBP EUR
Source: Bloomberg
%MTD
0.0%
0.2% 0.3%0.8%
1.5% 1.5% 1.9% 1.9% 3.5%
PHP IDR MYR CNY GBP SGD THB JPY EUR
Appendix 1 Market Statistics
As end of July 2017 2015 2016 2017 (YTD) Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 May 2017 Jun 2017 Jul 2017
SET
SET Index 1,288.02 1,542.94 1,576.08 1,407.70 1,444.99 1,483.21 1,542.94 1,575.11 1,574.74 1,561.66 1,574.74 1,576.08 Market Dividend Yield (%) 3.36 3.04 3.07 3.38 3.29 3.19 3.04 3.13 3.09 3.11 3.09 3.07
Market P/E Ratio 1/ 22.57 18.55 16.38 20.65 21.96 21.76 18.55 17.38 16.32 16.18 16.32 16.38 Market P/BV 1.74 1.96 1.91 1.84 1.86 1.89 1.96 1.93 1.89 1.88 1.89 1.91
Total Turnover Value (M.Baht) 9,997,371.76 12,259,773 6,149,509.99 2,845,608.18 2,559,842.18 3,602,253.63 3,252,068.52 2,996,891.18 2,395,435.55 856,406.29 892,594.30 757,183.26 Daily Turnover Value (M.Baht) 41,141.45 50,245 43,613.55 45,168.38 44,909.51 58,100.87 52,452.72 48,336.95 39,923.93 40,781.25 40,572.47 39,851.75
Number of Listed Securities 1,646 7,207 2,015 1,709 1,781 1,838 1,879 1,891 1,962 1,910 1,962 2,015 Newly Listed Companies 22 11 7.00 1 - 4 6 2 3 1 - 2
Raising value of New Listed Securities (M.Baht) 2/ 179,880.20 135,864 141,989.01 4,320.00 8,148.00 31,230.00 92,166.02 4,620.60 94,929.61 11,050.67 - 42,438.80
Total value of Newly Listed Securities (M.Baht) 3/ 35,306.59 46,868 40,835.35 1,080.00 8,148.00 8,783.73 28,856.51 1,422.44 28,541.61 2,762.67 - 10,871.30 Delisted Listed Companies 9 8 3 1 1 4 2 1 2 - 2 -
No. of Companies moved from mai to SET 3 1 2 - - 1 - 1 - - - 1 No. of Companies moved from SET to mai 1 - 1 - - - - 1 - - - -
Total Capitalization (M.Baht) 12,282,755 15,079,272.11 15,575,690.07 13,407,064.75 13,792,013 14,364,585 15,079,272.11 15,491,497 15,612,755 15,469,337 15,612,755 15,575,690
maimai Index 522.62 616.27 551.03 518.40 527.35 551.74 616.27 597.45 565.71 568.88 565.71 551.03
Market Dividend Yield (%) 1.00 1.24 1.56 1.66 1.60 1.47 1.24 1.44 1.53 1.53 1.53 1.56
Market P/E Ratio 1/ 52.94 63.27 93.08 58.62 62.11 60.31 63.27 90.93 92.13 90.78 92.13 93.08 Market P/BV 3.29 3.82 2.79 3.18 3.19 3.43 3.82 3.05 2.85 2.84 2.85 2.79
Total Turnover Value (M.Baht) 768,097.73 556,487 317,592.91 86,387.58 108,421.30 198,556.69 163,120.94 156,712.91 129,891.07 46,475.77 47,606.41 30,988.93 Daily Turnover Value (M.Baht) 3,160.90 2,280.68 2,252.43 1,371.23 1,902.13 3,202.53 2,630.98 2,527.63 2,164.85 2,213.13 2,163.93 1,631.00
Number of Listed Securities 166 1,047 193 167 175 527 178 184 192 183 192 193 Newly Listed Companies 13 13 5 1 4 4 4 3 2 - - -
Raising value of New Listed Securities (M.Baht) 2/ 18,729.54 10,434.24 1,104.00 3,932.00 7,435.00 9,431.38 3,696.00 6,738.24 - - -
Total value of Newly Listed Securities (M.Baht) 3/ 4,593.83 5,912 2,331.64 276.00 1,047.00 2,278.75 2,310.74 924.00 1,407.64 - - - Delisted Listed Companies - - - - - - - - - - - -
No. of Companies moved from mai to SET 3 1 2 - - 1 - 1 - - - 1 No. of Companies moved from SET to mai - - 1 - - - - 1 - - - -
Total Capitalization (M.Baht) 323,478.44 425,364.18 98,580.52 326,122.79 337,010.33 425,364.18 425,364.18 96,583.13 98,565.26 98,287.89 98,565.26 98,580.52
Appendix 1 Market Statistics
As end of July 2017 2015 2016 2017 (YTD) Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 May 2017 Jun 2017 Jul 2017
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% 100.00% 99.50%
Local Investors 59.21% 53.81% 48.38% 53.05% 54.48% 53.12% 54.71% 50.72% 49.08% 46.84% 48.49% 43.36%Foreign Investors 22.20% 25.57% 29.98% 25.42% 24.95% 26.21% 25.49% 28.22% 29.44% 31.58% 29.49% 33.39%Local Institutions 9.39% 10.10% 11.33% 10.17% 10.21% 9.90% 10.18% 11.03% 11.17% 11.02% 11.65% 12.46%
Proprietary Trading 9.20% 10.52% 10.31% 11.37% 10.35% 10.77% 9.62% 10.04% 10.31% 10.56% 10.37% 10.29%Net Buying Position(M.Baht)
Local Investors 79,895.83 -104,054.06 -48,528.02 -26,756.76 -21,497.55 -58,811.23 3,011.49 -34,362.26 -28,918.98 -5,407.11 -10,509.87 14,752.94Foreign Investors -155,630.70 78,545.98 6,536.88 18,398.01 17,580.17 97,293.38 -54,725.58 6,370.85 6,651.60 5,453.92 -628.42 -6,485.56 Local Institutions 82,133.01 132.09 46,565.45 -6,296.77 2,077.47 -41,078.31 45,429.70 28,422.95 23,011.92 3,232.11 12,390.08 -4,869.42
Proprietary Trading -6,398.13 25,375.98 -4,574.32 14,655.51 1,839.92 2,596.16 6,284.39 -431.53 -744.83 -3,278.92 -1,251.79 -3,397.96 Daily Turnover Value (M.Baht) 44,302.35 52,525.65 45,865.98 46,539.61 46,811.64 61,303.39 55,083.70 50,864.58 42,088.78 42,994.38 42,736.40 41,482.75
Total Capitalization (M.Baht) 12,606,233.14 15,504,636.29 15,674,270.59 13,733,187.54 14,129,023.30 14,789,948.76 15,504,636.29 15,588,080.06 15,711,320.30 15,567,624.66 15,711,320.30 15,674,270.59
Source: The Stock Exchange of ThailandNote:
1/ Historical P/E which calculated from market price of common stock divided / earnign per share2/ Calculated from IPO Price multiplies with number of listed shares3/ Calculated from IPO Price multiplies with IPO shares