shares
- Thailand News
Finance Ministry to sell 50% stake shares for 30 to 40 billion baht
The State Enterprise Policy Office (SEPO) is set to divest shares held by the Finance Ministry, where stakes are below 50%, over the next four to five years. The sale will utilise a mark-to-market pricing method to ensure fair market value is considered. Tibordee Wattanakul, SEPO Director-General, highlighted the challenges faced in previous attempts to offload these shares. A lack…
- Business News
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)…
- Thailand News
Thai Airways to issue new shares worth 42 billion baht
Thai Airways International Plc (THAI) is set to issue new shares valued at a minimum of 42 billion baht by December, marking a significant move towards concluding its court-monitored debt restructuring and resuming trading on the Stock Exchange of Thailand (SET). The national airline plans to offer 6.81 billion new shares to creditors as part of a debt-to-equity swap, as…
- Business News
Finance Ministry to launch 500 billion baht fund to boost shares
Stock analysts are backing the Finance Ministry’s initiative to establish a new fund aimed at boosting investment in Thai shares, predicting a surge in trading activity in the fourth quarter. To revitalise the sluggish stock market, Finance Minister Pichai Chunhavajira announced that the ministry is exploring the creation of a new fund similar to the Vayupak Fund, a former state-managed…
- Business News
Asian shares plunge over 2% amid rising Middle East tensions
Asian shares experienced a significant plunge of over 2% as tensions rose in the Middle East, according to MSCI’s broadest index of Asia-Pacific shares. This was in response to reported Israeli missile attacks on Iranian sites, which also caused US stock futures to drop by 1.3%. The escalation in hostilities has driven the bond yields to tumble, with US long-term…
- Thailand News
Former Transport Minister Saksayam found guilty in shares concealment case
The Constitutional Court has declared former Transport Minister Saksayam Chidchob guilty of concealing his shares and ownership in a construction company that scored numerous projects from his own ministry, with the ruling of a 7-1 vote. According to the court, Saksayam’s ownership of Buricharoen Construction Co Ltd was confirmed, as alleged by 54 opposition MPs. One judge, Wiroon Saengthian, was notably…
- Business News
Innobic divests Alvogen Malta shares, refocuses on Asia-Pacific pharmaceutical market
In a strategic move to refocus its pharmaceutical sector, Innobic (Asia) Co, the life sciences division of the PTT Plc national oil and gas conglomerate, has entirely divested its shares in Alvogen Malta (Out-licensing) Holding (AMOLH). The shares were acquired by Floki Holding Société à Responsibilité Limitée, a healthcare and pharmaceutical firm based in Luxembourg. The transaction is expected to…
- Business News
Delta Electronics cites external factors in share price fluctuations
There’s been a recent development with Delta Electronics (Thailand). The company has informed the Stock Exchange of Thailand (SET) that the company’s recent share price fluctuations are the result of external factors and that its financial fundamentals remain strong. Following a slump of 18.3% on Tuesday, Delta’s shares experienced volatility yesterday, closing up 0.26%. The trading alert on Delta’s shares…
- Business News
TBN shares surge 144% on MAI debut, SET issues cautionary note
The Market for Alternative Investment (MAI) saw the debut of TBN Corporation shares on Monday, leading the Stock Exchange of Thailand (SET) to issue a cautionary note to investors in light of high trading speculation. Yesterday morning, TBN shares experienced a trading turnover ratio of 85%, reaching 41.5 baht by midday. The 144% increase was up from the initial public…
- Business News
Delta Electronics shares plunge 20%, triggering 1% drop in Thai Stock Exchange
Delta Electronics saw its shares plummet by approximately 20% recently, negatively impacting the Stock Exchange of Thailand (SET) after the implementation of market surveillance measures due to irregular price increases. Analysts from Krungsri Capital Securities (KCS) and Maybank Securities identified the primary cause of the 1% drop in the SET index as Delta’s share price decline, as the electronics parts…
- Thailand News
TV tangle: MFP leader’s shareholding scandal sparks iTV’s clarification clash
In the midst of a Thai shareholding scandal involving Move Forward Party (MFP) leader Pita Limjaroenrat, iTV has released a statement to clarify inconsistencies between the official minutes from its annual shareholders’ meeting and a video taken on April 26. The central issue revolves around whether iTV is still operating in the media business, which could have implications for Pita’s…
- Business News
Stock exchange warns investors: Tread carefully on OTO shares
Following irregular trading of One to One Contacts Plc (OTO) shares, the Stock Exchange of Thailand (SET) issued a warning for investors to be cautious and examine information thoroughly. OTO, which offers outsourced contact centre services to government agencies and corporations, faced a spike in trading volume, mainly concentrated among a few investors. Previously placed under the Level 1 trading regulations…
- Business News
Foreign investors sell 100 billion baht in Thai stocks and shares amid global rate rise
In the first five months of this year, foreign investors offloaded almost 100 billion baht worth of Thai shares, with 33.4 billion baht sold in May alone, due to increasing global interest rates and uncertainties surrounding the formation of a new government. Despite this, the Stock Exchange of Thailand (SET) expressed optimism yesterday, believing that the recent easing of the…
