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Investors in limbo as Thailand’s SET ends 2018 down 10.8%

Singapore and Philippine stocks also lost more than 10% each as trade tensions between the US and China caused heavy capital outflows.

Boris Sullivan

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2018 was a grim year for equities all round, as only two exchanges in all of Asia Pacific — Mumbai and Wellington — ended the year with positive returns.

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Shanghai, (-24.9%) for the year to Dec 27, was the world’s second-worst performer behind Athens (-25.5%).

But according to Nikkei editors Thailand, for example, who raised its key interest rate for the first time in seven years, is among Asian equity markets likely to attract buyers if investors rethink their portfolios as the U.S. economy slows and the Fed reviews its monetary policy.

Foreign investors were net sellers on the SET for the fourth year out of the past five (2016 was the exception with net buying of 77.9 billion baht).

But their net sales in 2018, at 287.45 billion baht, were more than 10 times the 2017 total of 25.75 billion, says the Bangkok Post.

For the year, Singapore and Philippine stocks also lost more than 10% each as trade tensions between the US and China sapped risk appetite and caused heavy capital outflows.

Indonesian stocks declined the least, falling about 2.5%.

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SET

Thailand’s Stock Exchange (SET) synergizes with CMDF to strengthen research for capital market development

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The Stock Exchange of Thailand (SET) has joined forces with the Capital Market Development Fund (CMDF) to reinforce the Capital Market Research Institute (CMRI) in conducting quality research studies for the development of Thailand’s capital market, economy and society.

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Thai firms top the world’s sustainability ranking

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Thailand tops the world’s sustainability ranking by number with 11 firms
selected as ‘Gold-Class’ by S&P Global

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BANGKOK, February 10, 2021 – The Stock Exchange of Thailand revealed that 11
Thai firms have been awarded in Gold Class, the world’s highest ranking by
number in sustainability aspect in “The Sustainability Yearbook 2021” conducted
by S&P Global. Of the total 11 companies, 10 are SET-listed companies and the
other one is a Thai company, strikingly resonating that the sustainability
approach is viable and has leveled up the country’s capital market to be widely
recognized in international arena.

SET President Pakorn Peetathawatchai said that SET has continuously promoted the
Thai capital market toward sustainability development to benefit all
stakeholders, in line with SET’s vision ‘To Make the Capital Market Work for
Everyone’. In addition, SET has also encouraged the business sector to embrace
environment, social, and governance or ESG principles in their operation while
enhancing performance to boost balanced growth between business and society
hand in hand.
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“SET supports listed companies across the board at all levels and industries to
integrate sustainability into business operations and promotes sustainable
investing by developing and uplifting quality of ESG disclosure as well as
improving information reporting process to provide utmost benefit to both listed
companies for business operation development and investors for efficient
analysis and securities valuation. Significantly, 11 Thai companies have
recently been ranked in Gold Class category in S&P Global’s “The Sustainability
Yearbook 2021″, remarkably considered the highest number globally.The selection
is based on sustainability assessment of over 7,000 companies across 40
countries,” Pakorn added.

The 11 Thai companies ranked in Gold Class category comprise 10 listed firms:
Banpu pcl (BANPU), BTS Group Holdings pcl (BTS), IRPC pcl (IRPC), PTT pcl (PTT),
PTT Exploration and Production pcl (PTTEP), PTT Global Chemical pcl (PTTGC),
Siam Cement pcl (SCC), Thai Oil pcl (TOP), True Corporation pcl (TRUE) and Thai
Union Group pcl (TU); and a Thailand-based company: Thai Beverage pcl.

This year, the total of 29 Thai companies that ranked in The Sustainability
Yearbook 2021 has made Thailand reach the 7th spot in the world behind the US,
Japan, South Korea, the UK, France and Taiwan.

For further information, please visit
https://www.spglobal.com/esg/csa/yearbook/.

“SET…Make it Work for Everyone”
Follow us on Twitter @SET_Thailand_EN
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Thailand’s Stock Exchange (SET) welcomes leading oil and retail business operator OR

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SET News 10/2021
February 10, 2021

SET welcomes leading oil and retail business operator OR on Feb 11

BANGKOK, February 10, 2021 – The Stock Exchange of Thailand (SET) will list PTT
Oil and Retail Business plc, a leading fuel retailer and retail business
operator, on February 11, under the ticker symbol “OR”. The company has a market
capitalization at its initial public offering (IPO) of THB 208.98 billion
(approx. USD 6.9 billion).

SET Senior Executive Vice President Manpong Senanarong said that OR would list
and start trading on SET in Resources industry group, Energy & Utilities sector.

OR is PTT Group’s flagship company in operating oil and retail business locally
and internationally, making a mark as leader in both retail and commercial
market for fuel, liquified petroleum gas and lubricants in Thailand. With
integrated business model and management, the company has fulfilled customer’s
with value added for all groups of stakeholders in a balanced and sustainable
manner. The company has operated through over 1,900 PTT’s stations across the
country (as of September 30, 2020), gaining 38.9 percent of market share in
terms of retail fuel sales volume in Thailand (according to the data collected
by Wood Mackenzie as of December 31, 2019). In addition, OR also has operated
Caf? Amazon, Thailand’s largest coffeehouse chain by number of branches, with
over 3,100 branches nationwide (as of September 30, 2020). Caf? Amazon is
considered the world’s sixth largest coffee cafe chain by number of branches (as
of December 2019 by Euromonitor). The company has an exclusive license to
operate Texas Chicken brand in Thailand, and master franchise right to operate
food business of Hua Seng Hong Dim Sum brand. Moreover, the company has also
secured a number of strategic partnerships with leading global and local brands.

On the day of the trading debut, OR’s registered paid-up capital will be THB
116.1 billion with a par value of THB 10.00 each. It offered 2.61 billion newly
issued shares to general public at THB 18 each, for a total of THB 46.98 billion
(excluding the over-allotment). Bualuang Securities pcl, Finansa Securities
Co., Ltd., Kasikorn Securities pcl, Kiatnakin Phatra Securities pcl, and Tisco
Securities Co., Ltd. are the five financial advisors and lead underwriters.

OR President & Chief Executive Officer Jiraphon Kawswat said that listing on SET
will strengthen OR’s positioning to be a market leader and enhance the company
to operate business in line with the OR’s vision, to be Thailand’s leading
global brand that creates values to communities through oil, retail and related
businesses. The fundraising will be used to expand gas station network,
penetrate further into commercial market business, invest in petroleum depot and
distribution center, grow entire retail network, as well as investing in
overseas business and new S-Curve business. This move is to ensure the…

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