SET keeps eye on surging Delta Electronics shares
Firm attributes gain to right strategy
published : 29 Dec 2020 at 07:11
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The Stock Exchange of Thailand (SET) is closely monitoring the volatility of Delta Electronics Thailand s shares, which have surged 250% in one month, 400% in three months and 1,400% in a year.
The SET is keeping an eye on shares with low free float and small supply that have increased exponentially in value over the past year.
In one day, Delta shares reached an all-time high of 838 baht, up 22% in the morning before dropping an hour before the market closed to end the day at 560 baht, down 18.1% from the previous day, in trade worth 12.2 million baht.
3 Central Retail Corp (CRC) executives pose for a group photo at a press conference for the company s initial public offering on Jan 17, 2020. (Bangkok Post file photo)
Thailand grabbed the No.2 spot for initial public offerings (IPOs) in Asia in 2020, raising US$4.96 billion in total, behind only China if excluding cross-listed shares from other bourses such as infrastructure funds (IFFs) and real estate investment trusts (REITs).
The number of IPO launches from the start of the year to Dec 25 stood at 26 deals, excluding IFFs and REITS, below the 28 recorded last year, said Soraphol Tulayasathien, senior executive-vice president of the Stock Exchange of Thailand (SET).
Source: Xinhua|
Editor: huaxia
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BEIJING Chinese stocks closed lower on Tuesday, with the benchmark Shanghai Composite Index down 0.54 percent, at 3,379.04 points.
The Shenzhen Component Index closed 0.53 percent lower at 13,970.21 points.
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BANGKOK The Stock Exchange of Thailand (SET) index Tuesday moved up 9.28 points, or 0.64 percent, to close at 1,461.95 points.
Some 22.53 billion shares worth 77.72 billion baht (about 2.59 billion U.S. dollars) changed hands.
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KUALA LUMPUR The Malaysian stock market ended lower on Tuesday.
The Kuala Lumpur Composite Index (KLCI) was at 1,634.99 down 8.91 points, or 0.54 percent and the Emas was at 11,806.59 down 41.32 points, or 0.35 percent.
published : 28 Dec 2020 at 11:39
Frasers Property Industrial REIT Management (Thailand) Company Limited, or “FIRM”, as the manager of FTREIT, disclosed that the Office of the Securities and Exchange Commission (SEC) has granted approval for FIRM to issue additional trust units for the third capital increase of FTREIT.
The total number of additional trust units issued will be up to 241,000,000 units worth approximately 2.8 billion Baht, by means of General Mandate and will be offered to general public who are existing trust unitholders.
FIRM will utilise the capital received from the sale of the additional trust units for the purpose of repayment of the borrowings utilised as necessity for the investment in the additional assets of FTREIT prior to obtaining the proceeds from the capital increase to make such investment and to maintain the appropriate ratio of FTREIT’s interest bearing debt to total asset value.
TRIS Rating affirms the company rating on TSFC Securities PLC (TSFC) at ?BBB? with a ?stable? rating outlook. The rating reflects the company?s moderate business position, strong capital, leverage, and earnings assessment, strong risk position, and manageable funding and liquidity profile.
KEY RATING CONSIDERATIONS
Moderate business position
The company?s business position is supported by its unique role as the only securities finance company (SFC) in Thailand with missions to provide liquidity for securities firms and to act as a supporting arm to help with the development of Thai capital markets.
TSFC?s business stability is determined by the nature of its business, which concentrates on margin lending. Its business volume and revenue tend to move in tandem with the stock market performance and investor demand. For instance, at the end of September 2020 outstanding margin loans stood at THB2.6 billion, a 30% drop from THB3.7 billion at the end of December 2019. This was due to