SET

  • Business NewsThailand’s SET ESG Ratings 2024 hits milestone with 228 companies

    Thailand’s SET ESG Ratings 2024 hits milestone with 228 companies

    The Stock Exchange of Thailand (SET) reported a significant achievement with its ESG Ratings 2024, as 228 listed companies have been recognised, marking a new milestone in sustainable investments both locally and globally. This year’s ratings awarded AAA status to 56 companies, AA to 80, A to 71, and BBB to 21. These firms together account for 82% of the…

  • Thailand NewsSET soon to adpot AI for monitoring of listed companies

    SET soon to adpot AI for monitoring of listed companies

    The Stock Exchange of Thailand (SET) is set to implement artificial intelligence (AI) tools to enhance its monitoring of listed companies amid growing concerns about corporate fraud. SET President Asadej Kongsiri explained that the AI adoption will enable the bourse to more rapidly detect irregular share price movements and trading activities, allowing for quicker investor notifications. Asadej highlighted that late…

  • Thailand NewsTHG distances from former chairman’s fraud allegations

    THG distances from former chairman’s fraud allegations

    In a statement to the Stock Exchange of Thailand (SET) today, November 25, Thonburi Healthcare Group (THG) Plc affirmed that its operations remain unaffected by the alleged fraud scandal surrounding its former chairman, Doctor Boon Vanasin, and his family members. The healthcare group emphasised that Dr Boon stepped down from his positions as chairman and director in August 2022, and…

  • Business NewsThai ESG fund rockets to top spot with impressive returns

    Thai ESG fund rockets to top spot with impressive returns

    One Equity Thailand ESG Fund (ONE-THAIESG) is stealing the spotlight in the Thai ESG fund scene, boasting a whopping 8.53% return this year, as proudly announced by One Asset Management (ONEAM). What’s behind this stellar performance? A one-two punch of a policy rate cut by the US Federal Reserve and Thailand’s very own economic comeback. TESG funds are the latest…

  • Business NewsThailand’s stock market sees a ‘baht’ of foreign interest

    Thailand’s stock market sees a ‘baht’ of foreign interest

    Foreign investors have increased their holdings of Thai shares by 1.37% in the first eight months of 2024, reaching a total of 5.18 trillion baht, based on data from the Stock Exchange of Thailand (SET). This rise highlights the growing interest in the technology, financial, and services sectors. By August 2024, foreign investors held over 5.18 trillion baht (US$155 billion)…

  • Business NewsPolitical payout: Listed companies to rake in the baht

    Political payout: Listed companies to rake in the baht

    Listed companies across a swath of sectors are set to cash in big, thanks to the Pheu Thai-led administration’s progressive new policies, Bualuang Securities (BLS) revealed. The brokerage is urging investors to zoom in on mid-cap stocks, particularly in retail, consumer goods, food, finance, construction, transport, tourism, and healthcare. The launch of Vayupak Fund units has already sent the Stock…

  • Business NewsSET unveils sustainable growth strategies amid global challenges

    SET unveils sustainable growth strategies amid global challenges

    The Stock Exchange of Thailand (SET) has unveiled three core strategies to foster sustainable growth within the Thai capital market amid challenging global financial conditions and political uncertainties. This initiative aims to enhance inclusivity within the market. SET chairman Kitipong Urapeepatanapong, addressing the Thailand Focus 2024: Adapting to a Changing World seminar, highlighted the strategic pillars: bolstering reliability and trust,…

  • Thailand NewsSCB X delays end of Robinhood food delivery service

    SCB X delays end of Robinhood food delivery service

    Siam Commercial Bank (SCB) X PCL has made a significant decision to delay the termination of its Robinhood food delivery service, initially planned for the end of this month. The company yesterday, July 29, submitted a formal request to the Stock Exchange of Thailand (SET) to extend the service’s operation. Manop Sangiambut, Chief Financial Officer of SCB X, revealed the…

  • Business NewsThai stock market set for a drop due to US inflation

    Thai stock market set for a drop due to US inflation

    Kasikorn Asset Management (K-Asset) anticipates a downward trend in the Thai stock market over the forthcoming quarter, prompted by a slow decrease in US inflation and interest rates. The asset management firm advises investors to mitigate risk through portfolio diversification, targeting the US and Indian stock markets. K-Asset CEO Wajana Wongsupasawat forecasts an additional drop in the Thai market in…

  • Business NewsThai dividend stocks outperform bank deposits

    Thai dividend stocks outperform bank deposits

    The quest for investments with steady returns in an era of global volatility and high interest rates has led many investors to gravitate towards dividend stocks. With the potential for yields exceeding 5% and a payout that can reach up to 20% yearly, these stocks offer a lucrative alternative to conventional bank deposits. A study conducted by the Stock Exchange of…

  • Business NewsSET extends deadline due to few presidential applicants

    SET extends deadline due to few presidential applicants

    The Stock Exchange of Thailand (SET) has delayed the application deadline for its presidential role until May 15, following a lack of applicants. The present president, Pakorn Peetathawatchai, is due to step down in September. The SET chairman role also remains unfilled after Pichai Chunhavajira’s recent resignation. The exchange is seeking candidates who can support its vision of making the…

  • Business NewsThai stocks shed by foreign investors amidst delayed US rate cuts

    Thai stocks shed by foreign investors amidst delayed US rate cuts

    The Stock Exchange of Thailand (SET) reported that foreign investors offloaded Thai stocks to the tune of 68.9 billion baht (US$ 2 billion) in the first quarter, with 41.2 billion sold in March alone. This trend is linked to the delayed US interest rate cuts, weaker financial performance of Thai companies compared to those on other exchanges, and overall economic…

  • Business NewsThailand Stock Exchange shakes up trading oversight

    Thailand Stock Exchange shakes up trading oversight

    The Thailand Stock Exchange (SET) has launched a series of initiatives to bolster trading oversight and refine company listing criteria. This move is to regain investor confidence, following a 15.5% negative return last year, the worst performance globally among stock exchanges. Foreign investors offloaded 192 billion baht worth of Thai shares last year, with this trend continuing into the first…

  • Business NewsIndex Living Mall targets low-income success defies mortgage setbacks

    Index Living Mall targets low-income success defies mortgage setbacks

    Index Living Mall (ILM), a Stock Exchange of Thailand (SET)-listed company, has observed rapid growth in the low-income segment, despite soaring mortgage rejection rates. This trend led to a strategic shift in the company’s approach, expanding its product range to include non-branded furniture and budget-friendly products imported from China. Kridchanok Patamasatayasonthi, ILM Managing Director, highlighted the exceptional 100% growth within…

  • Thailand NewsStocking up: SET chairman tipped for Finance Minister role

    Stocking up: SET chairman tipped for Finance Minister role

    The chairman of the Stock of Thailand (SET) is reportedly poised to ascend to the position of Finance Minister, according to insider sources. The anticipated transition is slated to occur at the culmination of the ongoing parliamentary session on April 9, disclosed the informants. This strategic move aims to relieve Prime Minister Srettha Thavisin of his dual role, allowing him to…

  • Business NewsThailand intensifies crackdown on illegal short selling

    Thailand intensifies crackdown on illegal short selling

    The Chairman of the Stock Exchange of Thailand (SET), Pichai Chunhavajira, announced plans to intensify the country’s crackdown on illegal short selling as shares continue to underperform. Currently, the law permits penalisation of only the securities companies that initiate the short-selling order. However, the market authorities are contemplating amending the law to allow the prosecution of both individuals and companies…

  • Business NewsEnhancing transparency and trust: SEC’s cautionary measures

    Enhancing transparency and trust: SEC’s cautionary measures

    In a bid to enhance transparency and trust in the capital market, the Securities and Exchange Commission (SEC) is set to introduce cautionary measures for securities that fail to conform to the listing regulations. This initiative will start on April 1. The SEC is also considering a revamp of its listing rules to elevate the quality of listed companies by…

  • Business NewsPromising future for Thai SET in healthcare, tourism, food sectors

    Promising future for Thai SET in healthcare, tourism, food sectors

    Despite the slow recovery of the Stock Exchange of Thailand (SET) from last year’s significant slump, executives see a promising future in healthcare, tourism, and food stocks. They believe these sectors can offer attractive opportunities for investors and encourage more companies to enlist on the bourse. Manpong Senanarong, SET Senior Executive Vice-President and head of the Issuer and Listing Division,…

  • Business NewsSET-listed banks’ net profit surges 15.6% due to rate hikes

    SET-listed banks’ net profit surges 15.6% due to rate hikes

    Interest income growth due to policy rate hikes has contributed to a 15.6% year-on-year increase in consolidated net profit for ten Stock Exchange of Thailand (SET) -listed commercial banks in 2023, reaching a total of 232 billion baht. The previous year’s profit was around 201 billion baht. In the context of these rising interest rates, the banking sector demonstrated a…

  • Business NewsSET anticipates Oliver Wyman’s report on Thailand’s securities trading

    SET anticipates Oliver Wyman’s report on Thailand’s securities trading

    The Stock Exchange of Thailand (SET) anticipates an imminent report from international consultant Oliver Wyman. The report, expected to be completed in the first week of February, focuses on the suitability of Thailand’s securities trading programs and the prevention of naked short selling. This initiative, led by SET President Pakorn Peetathawatchai, follows investigations into four alleged instances of naked short…

  • Business NewsUBE pivots towards functional food sector for increased revenue

    UBE pivots towards functional food sector for increased revenue

    Following its listing on the Stock Exchange of Thailand two years ago, Ubon Bio Ethanol Plc (UBE) is actively pursuing a shift in its corporate branding. The company, originally known for its ethanol business, is now focusing on the development of value-added products, primarily in the functional food sector. This new direction is expected to increase revenue and offer innovative…

  • Business NewsSET foresees market recovery with return of foreign investment

    SET foresees market recovery with return of foreign investment

    The Stock Exchange of Thailand (SET) anticipates a recovery in return on investment this year, mirroring trends in regional markets due to an influx of foreign capital since 2023’s final quarter. Last year, foreign investors sold off Thai stocks amounting to US$5.51 billion, contrasting with 2022’s net purchase of US$5.96 billion. Nevertheless, foreign long-term investors held steady, owning around 30%…

  • Business NewsCPN predicts 20% retail sales surge due to Chinese New Year and tax scheme

    CPN predicts 20% retail sales surge due to Chinese New Year and tax scheme

    Central Pattana (CPN), a SET-listed firm, is forecasting a 20% surge in retail sales for the first quarter, attributing the anticipated boost to the Chinese New Year festival and the Thai government’s Easy E-Receipt scheme. The company predicts a cash flow of 15 billion baht across all Central shopping mall branches. Nattakit Tangpoonsinthana, the chief marketing officer of CPN, expressed…

  • Business NewsThai stock market could sink below 1,300 amid foreign investor exodus

    Thai stock market could sink below 1,300 amid foreign investor exodus

    In a worrying development, analysts signalled that the Stock Exchange of Thailand (SET) index, which plummeted to a three-year trough yesterday, could continue its descent to below 1,300 points in the short term as foreign funds persist in their exodus. The Thai stock market appears unaffected by the recent resurgence of other equity markets, despite encouraging indicators emerging since last…

  • Business NewsNo evidence of naked short selling in Thai stock market, says ASCO

    No evidence of naked short selling in Thai stock market, says ASCO

    The Stock Exchange of Thailand (SET) and the Association of Securities Companies (ASCO) confirmed that there is no occurrence of naked short selling within the Thai exchange. This comes amidst the Securities and Exchange Commission’s (SEC) request for ASCO members to align their short-sell guidelines with those of the SEC. Pichet Sithi-Amnuai, ASCO president, revealed that regular inspections of short…

  • Business NewsThai stock exchange investigates potential naked short selling offences

    Thai stock exchange investigates potential naked short selling offences

    A specialised committee has been established by the Stock Exchange of Thailand (SET), designed to delve into the issue of naked short selling. The team will comprise representatives from the Korea Exchange and Nasdaq stock exchange in the US, brought in to aid Thai regulators in their investigation into potential offences. The committee’s work is slated to commence imminently, as…

  • Business NewsSET forecasted to dip amid US bond yield uncertainty

    SET forecasted to dip amid US bond yield uncertainty

    The Stock Exchange of Thailand (SET) index, which dipped below 1,400 points last Friday, is anticipated to continue its downward trajectory this week, potentially hitting 1,330 to 1,350 points, as per market analysts’ predictions. Factors contributing to this trend include fluctuating US bond yields and uncertainties in global factors. Wikij Tirawannarat, a senior executive at Bualuang Securities, pointed out that…

  • Business NewsThailand’s SET considers extending trading hours to boost volume

    Thailand’s SET considers extending trading hours to boost volume

    The Stock Exchange of Thailand (SET) is mulling over an extension of trading hours hoping to rekindle its diminished trading volume and value this year. Despite six years of study, no decision had been previously made on the matter. However, Prime Minister Srettha Thavisin recently directed SET to thoroughly analyse the pros and cons of such a move. A preliminary…

  • Business NewsSET anticipates foreign investor return amid economic policy progress

    SET anticipates foreign investor return amid economic policy progress

    The Stock Exchange of Thailand (SET) anticipates a resurgence of foreign investors as progress in the nation’s economic policies, baht stability, and economic recovery gains momentum. Over the past eight months, foreign investors have sold more than they purchased, resulting in a net outflow of 22.4 billion baht (US$ 606,388,832). Despite this, the foreign investor trading ratio remained the highest…

  • Business NewsStock slide stalls: Thai stock market slump set to stabilise as analysts predict limited decreases

    Stock slide stalls: Thai stock market slump set to stabilise as analysts predict limited decreases

    The Stock Exchange of Thailand (SET) index has been subjected to a downward revision this year, dipping to a three-month low of roughly 1,470 points. This has led market analysts to believe that further decreases are now limited. Kasikorn Securities (KSEC) consequently altered its SET index target to 1,544 points by the close of 2023, a significant drop from the…