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SET forecasts IPO boom in 2013

The Stock Exchange of Thailand expects initial public offerings will reach a record high this year, with market capitalisation of newly listed companies surpassing 120 billion baht. Market capitalisation based on IPO prices of new companies and property funds listed on both the SET and the Market for Alternative Investment (MAI) last year amounted to 116 billion baht.

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The impact of flooding on listed Thai firms has been limited

The Stock Exchange of Thailand expects initial public offerings will reach a record high this year, with market capitalisation of newly listed companies surpassing 120 billion baht. Market capitalisation based on IPO prices of new companies and property funds listed on both the SET and the Market for Alternative Investment (MAI) last year amounted to 116 billion baht.

Their market capitalisation swelled to 180 billion baht at the end of last year. Seven companies have submitted filings to stock regulators to launch their IPOs, while another 10 will likely apply for listing in April and May. “The window of opportunity for IPOs is opening up after being shuttered for many years. Last year was the first time in six years the capital market was free from political unrest and other domestic factors, dating back to the period of capital controls,”

said Chanitr Charnchainarong, head of issuings and listings and the MAI’s president. For the first two months this year, four companies with market capitalisation of 22 billion baht listed on the stock markets _ three on the MAI and one on the SET. The benchmark SET index closed up 0.65% yesterday at 1,559.35 points amid active trading of 60.5 billion baht. Read More

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Forex

How to Trade the EUR/USD Currency Pair: Professional Tips

The behaviour of the EUR/USD pair is a kind of indicator showing the comparative condition of the US and EU economies. If the US economy steadily grows, and problems arise in the EU, the EUR/USD decreases.

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EUR/USD is one of the most popular currency pairs for Forex trading. Since the beginning of trading in 1999, the currency pair has undergone significant changes. For the first two years, the future for the euro was uncertain and the quotation was declining, reaching a minimum of 0.8200.

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Markets

Thailand remains ASEAN’s largest Exporter of Vegetables

Currently, the kingdom has FTA agreements with 17 countries, 13 of which no longer levy import duties on Thai vegetables, including China, Hong Kong, Australia, New Zealand, Japan, Chile, Peru and 6 countries in ASEAN.

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Thailand has FTA agreements with 17 countries, 13 of which no longer levy import duties on Thai vegetables.

LAMPANG (NNT) – Despite economic stagnation and border closures, due to COVID-19, Thailand remains ASEAN’s largest exporter of fresh refrigerated vegetables, while being 14th in the world.

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commodities

Gold rush hits Thailand as prices surge

The value of gold has rocketed by Bt7,000 per baht weight since the beginning of this year, generating returns of over 20 per cent.

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Photo : Adam Jones

People flocked to sell their gold at China town. The Gold Traders Association announced the buying and selling prices of gold has increased by 50 baht to a historic high.

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