set market report for 2018 · 2019-01-08 · set news 2 /2019 january 7, 2019 set market report for...
TRANSCRIPT
SET News 2 /2019 January 7, 2019
SET market report for 2018 BANGKOK, January 7, 2019 - The Stock Exchange of Thailand (SET) Index ended 2018
at 1,563.88 points, down 10.8 percent from end-2017, while the average daily trading value of SET and Market for Alternative Investment (mai) in 2018 surged 15.1 percent to THB 57.67 billion (USD 1.75 billion). Local institutional and retail investors were net buyers of Thai shares in 2018. SET Senior Executive Vice President Soraphol Tulayasathien said that SET index in
2018 was weighed down by external factors, while the Thai economic fundamental remained robust and the growth outpaced a year earlier. Foreign investors' selling spree in Thai shares was in tandem with most Asian stock markets. However, the Thai bourse's average daily trading value in 2018 rose from the preceding year, with the year-on-year increase in the first three quarters before dropping in the fourth quarter, in line with most ASEAN markets as investors turned to be more cautious on global capital market investment amid the global trade disputes. Key highlights for 2018 Securities market:
- SET Index ended December at 1,563.88 points, down 10.8 percent from end-2017 and 1.6 percent from the previous month. Resources, Services and Financials industry groups outperformed SET Index. - In 2018, foreign investors cashed out a net THB 287.7 billion, with the highest net sales in the second quarter before decelerating in the last quarter. Foreign investors' sell-off in Thai shares was in line with most Asian peers. - The average daily trading value of SET and mai in 2018 was THB 57.67 billion, up 15.1 percent from the same period a year earlier, recorded an increase specifically during the first three quarters before declining in the fourth quarter similarly to most ASEAN markets. - Forward P/E ratio of SET was 14.60 times at end-2018, while historical P/E ratio was 14.75 times, exceeding the average of the Asian markets at 13.50 times and 14.30 times, respectively. - Dividend yield ratio of SET was 3.35 percent at end-2018, surpassing Asian stock markets' average ratio of 3.02 percent. - A combined market capitalization of SET and mai at end-2018 amounted to THB 16.2 trillion, down 9.5 percent from the end of 2017, moving in accordance with SET Index. Derivatives market:
- In 2018, the average derivatives trading volume jumped 31.5 percent from the previous year to 426,213 contracts per day, due to the increase in transactions of most products.
“SET…Make it Work for Everyone”
Members of the media please contact the Corporate Communications Dept.: Arada Kultawanich tel:+66 (0) 2009 9483 / Darawan Maleesri tel: +66 (0) 2009 9484/ Kanokwan Khemmalai tel: +66 (0) 2009 9478.
SET market report for December 2018
Dec 31, 2018
2
Agenda
• SET in the regional context
• Market Activities
3
Source: Bloomberg
Note: exclude mai
Foreign net trading value into regional stock markets
SET in the regional context
Net buy / sell
Yearly 6 months Quarterly Monthly2018
YTD2017 2018 H1/18 H2/18 1/2018 2/2018 3/2018 4/20182018
Oct Nov Dec
THAILAND -796 -8,913 -5,642 -3,272 -1,838 -3,803 -876 -2,396 -1,963 -424 -9 -8,913
INDONESIA -2,960 -3,656 -3,570 -87 -1,713 -1,857 -117 30 -224 609 -355 -3,656
PHILIPPINES 1,095 -1,080 -1,219 139 -621 -598 -351 490 -202 706 -14 -1,080
VIETNAM 1,163 1,884 1,564 318 488 1,076 -169 487 396 60 31 1,884
TAIWAN 6,489 -12,228 -8,916 -3,313 -2,361 -6,555 3,248 -6,561 -4,917 678 -2,322 -12,228
INDIA 8,108 -4,481 -622 -3,859 2,125 -2,747 -1,384 -2,475 -3,698 891 332 -4,481
KOREA 8,267 -5,676 -3,706 -1,970 -1,084 -2,622 1,618 -3,588 -4,059 335 136 -5,676
Unit: million USD, Data as of Dec 31, 2018
4
Sources: SETSMART, Thai BMA and BOT
SET in the regional context
Foreign net flow into Thai bond and equity markets
Net flow
Yearly 6 months Quarterly Monthly2018
YTD2017 2018 H1/18 H2/18 1/2018 2/2018 3/2018 4/20182018
Oct Nov Dec
1.Government bond (LB+TB) 113.1 190.5 27.5 163 -8.7 36.2 89.3 73.7 26.6 25.8 21.3 190.5
2.Central bank bond 104.1 -55.5 -34.3 -21.2 29.8 -64.1 11.5 -32.7 -3.3 -8.1 -21.3 -55.5
3.Equity -26.0 -287.7 -179.8 -107.9 -58.0 -121.8 -29.0 -78.9 -61.3 -16.9 -0.7 -287.7
Total (1+2+3) 191.2 -152.7 -186.6 33.9 -36.9 -149.7 71.8 -37.9 -38.0 0.8 -0.7 -152.7
THB/USD (average) 33.92 32.32 31.74 32.84 31.55 31.92 32.97 32.82 32.79 32.95 32.72 32.32
THB/USD (end of period) 32.57 32.33 33.03 32.33 31.18 33.03 32.32 32.33 33.06 32.94 32.33 32.33
Unit: net flow (billion THB); Data as of Dec 28, 2018
5
SET in the regional context
Source: Bloomberg; * MSCI EM = MSCI Emerging Markets Index
-1.6 -1.1
0.8 1.3 1.4 1.45.0 4.3 5.3
10.3
4.1
11.6
6.3
-1.7 -1.6
0.6 0.91.3 2.0 3.2 3.3
3.3 3.8 4.1 5.1 6.1
Malaysia Thailand China Taiwan Vietnam Japan Philippines Singapore Korea Indonesia MSCI EM India Hong Kong
USD Local currency
Stock index change (%MTD)
Unit: percent; (end of Nov 2018 - Dec 31, 2018)
-29.3-20.5
-16.6 -13.8-17.0
-10.4 -10.8 -11.6 -11.2 -11.2 -7.6 -8.8-3.0
-25.3-17.3 -16.6
-13.6 -12.8 -12.1 -10.8 -9.8 -9.3 -8.6-5.9 -2.5
5.9
China Korea MSCI EM Hong Kong Philippines Japan Thailand Singapore Vietnam Taiwan Malaysia Indonesia India
USD Local currency
Stock index change (%YTD)
Unit: percent; (end of Dec 2017 – Dec 31, 2018)
6
Source: Bloomberg
SET in the regional context
Stock index movement (in local currency)
Data as of Dec 31, 2018; rebased end-2017 = 100
70
80
90
100
110
120
130
31-D
ec-1
7
31-J
an-1
8
28-F
eb-1
8
31-M
ar-1
8
30-A
pr-1
8
31-M
ay-1
8
30-J
un-1
8
31-J
ul-1
8
31-A
ug-1
8
30-S
ep-1
8
31-O
ct-1
8
30-N
ov-1
8
31-D
ec-1
8
Indonesia
Malaysia
Vietnam
Singapore
Thailand
Philippines70
80
90
100
110
120
130
31-D
ec-1
7
31-J
an-1
8
28-F
eb-1
8
31-M
ar-1
8
30-A
pr-1
8
31-M
ay-1
8
30-J
un-1
8
31-J
ul-1
8
31-A
ug-1
8
30-S
ep-1
8
31-O
ct-1
8
30-N
ov-1
8
31-D
ec-1
8
MSCI world
index
Thailand
MSCI ASEAN
MSCI asia ex
Japan
MSCI emerging
markets
MSCI frontier
merkets
7
13.7
1
12.7
4
11.0
4
16.9
4
15.5
6
18.9
6
23.0
5
16.6
9
24.6
0
19.0
6
106.
13
10.0
5
10.0
0
11.5
4
12.1
5
13.3
1
16.2
1
18.7
0
19.2
4
19.2
0
15.5
5
49.9
7
9.82
9.84
11.3
6
11.7
2
12.5
4
15.6
2
18.9
5
19.1
3
19.7
0
14.7
5
44.3
0
Hong Kong Korea Singapore China Taiwan Vietnam Philippines Malaysia Indonesia SET mai
31-Dec-2017 30-Nov-2018 31-Dec-2018
Source: Bloomberg, *Historical P/E of SET and mai from SETSMART
Forward P/E Ratio : The measure of the price-to-earning ratio (P/E) using forecasted earnings for the next 12 months from analyst consensus in Bloomberg data base.
Historical P/E Ratio: The measure of the price-to-earning ratio( P/E) using trailing 12 months earning in the calculation.
SET in the regional context
Unit: times
Forward P/E of Thailand and regional comparisons
Unit: times
Historical P/E of Thailand and regional comparisons
10.3
7
14.4
6
13.1
8
15.6
2
15.0
3
19.5
8
19.1
6
16.9
4
20.9
8
17.5
1
35.6
4
8.72 10
.62
11.1
6
12.7
8
13.0
4
16.0
6
16.1
5
16.4
6
17.3
2
15.2
7
26.4
3
8.68 10
.28
10.8
2
12.5
7
12.6
6
15.7
8
16.5
4
16.6
2
17.5
8
14.6
0
23.5
1
Korea China Hong Kong Singapore Taiwan Vietnam Indonesia Malaysia Philippines SET mai
31-Dec-2017 30-Nov-2018 31-Dec-2018
Average of 9 countries as of Dec 31, 2018 is 14.30
Average of 9 countries as of Dec 31, 2018 is 13.50
8
Source: Bloomberg
Market dividend yield : Previous 12-month dividend value divided by market capitalization at the end of the month.
SET in the regional context
Market Dividend Yield
Unit: percent
1.44
1.41
1.94
2.23
1.87
3.24
3.43
3.08
3.79
2.81
1.45
1.68
2.26
2.27
2.12
2.61
3.48
3.79
4.40
4.51
3.18
1.91
1.67
1.98
2.23
2.24
2.71
3.37
3.88
4.37
4.73
3.35
2.12
Philippines Korea Indonesia Vietnam China Malaysia Hong Kong Singapore Taiwan SET mai
31-Dec-2017 30-Nov-2018 31-Dec-2018
Average of 9 countries as of Dec 31, 2018 is 3.02%
9
1,1761,354 1,346
1,601
2,292
1,953 1,8941,733 1,686
1,5441,399 1,354
1,5791,429
1,0991,267
820 8841,020
589505
595
815
416318
462 531689
165 121 159 141
2015 2016 2017 2018 Jan 18 Feb 18 Mar 18 Apr 18 May 18 Jun 18 Jul 18 Aug 18 Sep 18 Oct 18 Nov 18 Dec 18
Thailand Singapore Malaysia Indonesia Philippines
SET in the regional context
Average daily turnover* (2015 - Dec 2018)
Unit: million USD
Source: World Federation of Exchanges (WFE), Official sources of all stock markets for Dec 2018
* Average daily turnover calculates by trading value / number of business days
10
Source: Bloomberg
*Vietnam exclude The Unlisted Public Company Market (UPCoM)
SET in the regional context
Size of IPO issued in ASEAN exchanges
(million USD)
Country 2014 2015 2016 2017 2018 2014 – 2018
Thailand 3,024 4,350 1,503 3,428 2,607 14,913
Singapore 2,550 325 1,520 3,257 522 8,174
Malaysia 1,251 1,283 293 1,718 167 4,783
Indonesia 768 878 1,043 709 1,287 4,685
Vietnam 161 10 3 1,165 2,441 3,780
Philippines 316 116 1,017 454 174 2,077
11
%YTD Weight Mkt cap.
2016 2017 2018 Oct 18 Nov 18 Dec 18 Dec 18 Dec 18
SET 19.8 13.7 -10.8 -5.0 -1.6 -4.7 -10.8 100%
SET50 18.6 17.7 -7.9 -4.9 -1.0 -4.3 -7.9 69%
Resource 38.5 19.6 -6.3 -6.2 -3.6 -6.6 -6.3 22%
Service 20.7 19.7 -8.7 -4.3 0.3 -2.1 -8.7 25%
Financial 17.7 11.5 -9.2 -3.7 -0.5 -4.9 -9.2 17%
Property 4.0 6.6 -13.2 -6.0 -0.8 -5.1 -13.2 15%
Industrial 33.6 28.7 -13.9 -5.7 -1.9 -5.5 -13.9 6%
Technology 7.5 7.5 -14.8 -2.9 -5.4 -5.1 -14.8 9%
Agro & Food 36.3 -1.9 -22.4 -5.9 -1.3 -5.8 -22.4 6%
Consumption 6.2 -5.1 -24.5 -7.0 -0.5 -5.2 -24.5 1%
%YoY %MTD
Source: SETSMART
Market Activities
70
80
90
100
110
120
29/1
2/20
17
12/1
/201
8
24/0
1/20
18
5/2/
2018
15/0
2/20
18
27/0
2/20
18
12/3
/201
8
22/0
3/20
18
3/4/
2018
18/0
4/20
18
30/0
4/20
18
11/5
/201
8
23/0
5/20
18
5/6/
2018
15/0
6/20
18
27/0
6/20
18
9/7/
2018
19/0
7/20
18
2/8/
2018
15/0
8/20
18
27/0
8/20
18
6/9/
2018
18/0
9/20
18
28/0
9/20
18
10/1
0/20
18
24/1
0/20
18
5/11
/201
8
15/1
1/20
18
27/1
1/20
18
11/1
2/20
18
21/1
2/20
18
RESOURC
SET50
SERVICE
FINCIAL
SET
PROPCON
INDUS
TECH
AGRO
CONSUMP
SET index classified by industry
SET index classified by industryUnit: percent
(Data as of Dec 28, 2018; rebased end-2017 = 100)
12
338,
836
240,
817
339,
733
314,
715
312,
086
309,
101
285,
476
263,
931
278,
715
282,
105
294,
306
277,
066
268,
638
240,
817
540
356
541 500 491 486 461
417 438 439 456
423 401 356
50
150
250
350
450
550
0
100,000
200,000
300,000
400,000
500,000
2017
2018
Jan
18
Feb
18
Mar
18
Apr
18
May
18
Jun
18
Jul 1
8
Aug
18
Sep
18
Oct
18
Nov
18
Dec
18
17,5
87,4
33
15,9
78,2
52
18,3
31,1
65
18,1
96,3
87
17,8
35,6
43
17,8
72,2
66
17,4
18,7
72
16,1
07,3
92
17,1
98,1
40
17,4
16,1
78
17,7
79,8
64
17,0
36,2
87
16,7
64,2
32
15,9
78,2
52
1,754 1,564
1,827 1,830 1,776 1,780 1,727 1,596 1,702 1,722 1,756 1,669 1,642 1,564
0
400
800
1,200
1,600
0
5,000,000
10,000,000
15,000,000
20,000,000
2017
2018
Jan
18
Feb
18
Mar
18
Apr
18
May
18
Jun
18
Jul 1
8
Aug
18
Sep
-18
Oct
18
Nov
18
Dec
18
SET Market capitalization and SET index
Unit: Market cap.(million THB) (LHS); Index (RHS)
mai Market capitalization and mai index
Source: SETSMART, data as of Dec 28, 2018.
Market Activities
Unit: Market cap.(million THB) (LHS); Index (RHS)
SETMarket Cap(million THB)
Index
High 18,451,181(Jan 24, 18)
1,838.96(Jan 24, 18)
Low 15,819,926(Dec 27, 18)
1,548.37(Dec 27, 18)
Average 17,375,446
%YoY -9.15% -10.82%
maiMarket Cap
(million THB)Index
High 339,733(Jan 31, 18)
540.74(Jan 31, 18)
Low 239,069(Dec 25, 18)
353.72(Dec 25, 18)
Average 292,511
%YoY -28.93% -34.04%
2018
2018
13
47,755
56,409
46,804
55,969
52,07845,308
53,358
40,782 41,449
1,753.71
1,563.881,673.16
1,753.711,756.41
1,563.88 1,669.091,641.801,563.88
0
400
800
1,200
1,600
2,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
2017
2018
Q3/
2017
Q4/
2017
Q3/
2018
Q4/
2018
Oct
18
Nov
18
Dec
18
2,358
1,265
2,339 2,397
1,265895
1,236 803 608
540.37
356.44
570.66540.37
456.38
356.44422.81 400.82
356.44
0
100
200
300
400
500
600
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
2017
2018
Q3/
2017
Q4/
2017
Q3/
2018
Q4/
2018
Oct
18
Nov
18
Dec
18
SET average daily trading value and SET Index
SET and mai (THB million) 2017 2018 H1/2018 H2/2018 Q3/2017 Q4/2017 Q3/2018 Q4/2018 Oct 18 Nov 18 Dec 18
Average daily trading value % YOY
50,114-4.6%
57,67315.1%
65,61041.0%
49,802-7.2%
49,143-19.8%
58,366-6.0%
53,3438.6%
46,203-20.8%
54,595-15.6%
41,585-29.4%
42,057-18.3%
Average daily trading value SET Index at the end of period
mai average daily trading value and mai Index
Average daily trading value mai Index at the end of period
Market Activities
Unit: Trading value (million THB (LHS); Index (RHS) Unit: Trading value (million THB) (LHS); Index (RHS)
Source: SETSMART, Data as of Dec 28, 2018
14
24,208 24,167 26,951 20,15528,107 23,117 21,846 18,437 22,990 16,388 15,630
15,151 21,38323,720
18,278
23,78023,222 19,474
17,06319,455
15,648 16,000
5,5176,134
6,765
5,372
6,9906,050
5,6985,041
5,556
4,421 5,198
5,2387,228
8,174
5,996
8,4427,464
6,3255,662
6,593
5,128 5,229
48.31% 40.81% 41.08% 40.47% 43.08% 38.62% 40.95% 39.90% 42.11% 39.41% 37.16%
30.23% 36.39% 36.15% 36.70% 34.00% 38.80% 36.51% 36.93% 35.63% 37.63% 38.04%
11.01% 10.52% 10.31% 10.79% 10.47% 10.11% 10.68% 10.91% 10.18% 10.63% 12.36%10.45% 12.28% 12.46% 12.04% 12.45% 12.47% 11.86% 12.25% 12.08% 12.33% 12.43%
2017 2018 H1/2018 H2/2018 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Oct 18 Nov 18 Dec 18
Local Investors Foreign Investors Local Institutions Proprietary Trading
Market Activities
Average daily trading value and trading proportion classified by investor types (SET and mai)
Unit: million THB
Unit: percent
Source: SETSMART, Data as of Dec 28, 2018
50,114 58,912 65,610 49,810 67,319 59,853 53,343 46,203 54,594 41,585 42,057
15
Unit: million THB
-26,103
-287,696-179,844
-107,851 -57,992-121,852
-28,978-78,873 -64,317
-13,881 -675
2017 2018 H1/2018 H2/2018 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Oct 18 Nov 18 Dec 18
Source: SETSMART; Data as of Dec 28, 2018
Market Activities
120,800
-287,696
181,549
-14,653
Local Investors Foreign Investors Local Institutions Proprietary Trading
Unit: million THB
2018 Net trading position classified by investor type
Net trading value of foreign investors
16
Fund type
2017 2018 Sep 18 Oct 18 Nov 18 Dec 18
Equity Fund 1,375,319 1,435,848 1,529,308 1,469,633 1,475,501 1,435,848 4.4% 29.6%
Fixed Income Fund 2,712,984 2,507,242 2,554,857 2,531,821 2,522,529 2,507,242 -7.6% 51.7%
Mixed Fund 371,759 352,404 379,538 366,210 364,470 352,404 -5.2% 7.3%
Property Fund 204,053 133,490 151,423 134,661 134,143 133,490 -34.6% 2.8%
Infrastructure fund 247,296 346,132 301,300 302,328 348,751 346,132 40.0% 7.1%
Others 76,434 76,523 76,868 76,595 77,546 76,523 0.1% 1.6%
Total 4,987,846 4,851,639 4,993,294 4,881,249 4,922,940 4,851,639 -2.7% 100.0%
Domestic Equity Fund (Exclude Vayupak Fund) 773,357 843,174 864,715 850,298 850,854 843,174 9.0% 58.7%
Vayupak Fund 369,250 361,645 411,886 386,827 381,524 361,645 -2.1% 25.2%
Foreign Equity Fund 232,712 231,029 252,707 232,508 243,123 231,029 -0.7% 16.1%
Total 1,375,319 1,435,848 1,529,308 1,469,633 1,475,501 1,435,848 4.4% 100.0%
Long-Term Equity Fund (LTF) 397,126 382,164 389,933 379,138 378,141 382,164 -3.8% 26.6%
Retirement Mutual Fund - Equity (RMFEQ) 100,576 106,722 109,330 106,008 106,714 106,722 6.1% 7.4%
Trigger Equity Fund 2,059 2,185 2,212 2,264 2,317 2,185 6.1% 0.2%
Other Equity fund 506,307 583,132 615,948 595,396 606,806 583,132 15.2% 40.6%
Vayupak Fund 369,250 361,645 411,886 386,827 381,524 361,645 -2.1% 25.2%
Total 1,375,319 1,435,848 1,529,308 1,469,633 1,475,501 1,435,848 4.4% 100.0%
Net asset value
End of year End of Month%YTD % proportion
Equity fund classified by destination
Equity fund classified by special fund group
Source: Summation of Asset Size by Classification report, Association of Investment Management Companies
Note: In Jan 2017, AIMC adjusted fund type of 1 Mixed funds to Others fund
Asset under management
Market Activities
Unit: million THB; Data as of Dec 28, 2018
17
Average daily trading contract classified by instruments
Unit: contracts; Data as of Dec 28, 2018
2017 2018 %YOY3 Q1/18 Q2/18 Q3/18 Q4/18 Oct 18 Nov 18 Dec 18 %MOM4
SET50 Index Futures1
107,873 173,649 61.0% 175,814 166,165 175,649 176,778 185,072 155,767 192,781 23.8%
SET50 Index Options 4,433 5,561 25.4% 6,792 5,098 4,606 5,738 5,731 4,714 6,996 48.4%
Single Stock Futures 194,593 225,846 16.1% 285,332 244,626 199,840 173,348 166,438 104,109 266,033 155.5%
50 Baht Gold Futures 783 675 -13.8% 716 642 796 543 688 362 595 64.4%
10 Baht Gold Futures1
14,347 16,745 16.7% 16,921 19,787 16,589 13,734 18,275 10,294 12,642 22.8%
Interest Rate Futures1
- - n.a. - - - - - - - n.a.
Silver Futures1- - n.a. - - - - - - - n.a.
Brent Crude Oil Futures1- - n.a. - - - - - - - n.a.
USD Futures11,422 2,799 96.8% 2,536 2,642 3,109 2,906 3,343 1,878 3,653 94.5%
Sector Index Futures1- - n.a. - - - - - - n.a.
Agricultural Futures644 141 220.5% 16 148 199 201 196 187 224 19.8%
Gold Deferred,6
722 434 -39.9% 691 774 191 88 119 74 70 -5.4%
Gold Online Futures 7
- 2,326 n.a. - - - - - 1,938 2,758 42.3%
All Products2
324,217 426,213 31.5% 488,817 439,882 400,979 374,785 379,863 279,146 485,755 74.0%
Source: SETSMART
Note1 Calculate from the total volume traded
during that period, divided by the number
of business days in that period.2 Calculate by total trading volume of each
instrument / number of business days of
each instrument.3 Calculated from the average daily trading
volume of 2017 with 2018 (YTD).4 Calculated from the average daily trading
volume in November 2018 compared with
October 2018.5 TFEX ready for first agricultural trading
"RSS3 Futures" on Feb 15, 2016
6 TFEX ready for gold deferred futures
trading on Sep 4, 2017
7 TFEX ready for gold online futures trading
on Nov 5, 2017
Market Activities: TFEX
Appendix 1 Market Statistics
As end of December 2018 2017 2018 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Oct 2018 Nov 2018 Dec 2018
SET
SET Index 1,753.71 1,563.88 1,776.26 1,595.58 1,756.41 1,563.88 1,641.80 1,641.80 1,563.88
Market Dividend Yield (%) 2.70 3.22 2.85 3.16 2.87 3.22 2.99 3.05 3.22
Market P/E Ratio 1/ 19.06 14.75 18.29 16.24 17.33 14.75 16.51 15.55 14.75
Market P/BV 2.13 1.78 2.07 1.83 2.00 1.78 1.91 1.86 1.78
Total Turnover Value (M.Baht) 11,652,311 13,820,220 4,306,731 3,520,834 3,228,844 2,763,810 1,120,526 897,200 746,084
Daily Turnover Value (M.Baht) 47,755 56,409 69,463 58,681 52,078 45,308.37 53,358 40,782 41,449
Number of Listed Securities 2,052 2,296 2,306 2,341 2,341 2,296 2,348 2,395 2,296
Newly Listed Companies 22 8 1 - 2 5 3 1 1
Raising value of New Listed Securities (M.Baht) 2/ 390,661 107,430 3,686 - 1,646 102,098 91,225 3,973 6,900
Total value of Newly Listed Securities (M.Baht) 3/ 97,547 21,258 922 - 436 19,901 16,628 1,548 1,725
Delisted Listed Companies 7 4 - - 3 1 - - 1
No. of Companies moved from mai to SET 2 2 - 2 - - - - -
No. of Companies moved from SET to mai 1 - - - - - - - -
Total Capitalization (M.Baht) 17,587,433 15,978,252 17,835,643 16,107,392 17,779,864 15,978,252 17,036,287 16,764,232 15,978,252
Appendix 1 Market Statistics
As end of December 2018 2017 2018 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Oct 2018 Nov 2018 Dec 2018
mai
mai Index 540.37 356.44 490.65 416.57 456.38 356.44 422.81 400.82 356.44
Market Dividend Yield (%) 1.42 2.09 1.67 1.92 1.73 2.09 1.83 1.88 2.09
Market P/E Ratio 1/ 106.13 44.30 93.49 77.09 70.63 44.30 63.94 49.97 44.30
Market P/BV 2.83 1.83 2.41 2.06 2.25 1.83 2.12 2.04 1.83
Total Turnover Value (M.Baht) 575,437 309,857.95 106,526 70,317 78,436.81 54,579 25,963 17,672 10,944
Daily Turnover Value (M.Baht) 2,348.72 1,264.73 1,718 1,172 1,265.11 894.73 1,236.35 803.25 607.99
Number of Listed Securities 203 203.00 204 200 200 203 203 204 203
Newly Listed Companies 17 10 2 1 2 5 3 1 1
Raising value of New Listed Securities (M.Baht) 2/ 35,688 19,619 2,153 3,813 780 12,874 3,298 7,888 1,688
Total value of Newly Listed Securities (M.Baht) 3/ 8,733 5,223 538 1,023 237 3,425 895 2,102 428
Delisted Listed Companies - - - - - - - -
No. of Companies moved from mai to SET 2 2 - 2 - - - - -
No. of Companies moved from SET to mai 1 - - - - - - - -
Total Capitalization (M.Baht) 338,836 240,817 312,086 263,931 294,306 240,817 277,066 268,638 240,817
Appendix 1 Market Statistics
As end of December 2018 2017 2018 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Oct 2018 Nov 2018 Dec 2018
SET & mai
Trading value proportion separated by investor types 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Local Investors 48.31% 40.81% 43.08% 38.62% 41.95% 39.90% 42.11% 39.41% 37.16%
Foreign Investors 30.23% 36.39% 34.00% 38.80% 36.51% 36.93% 35.63% 37.63% 38.04%
Local Institutions 11.01% 10.52% 10.47% 10.11% 10.68% 10.91% 10.18% 10.63% 12.36%
Proprietary Trading 10.45% 12.28% 12.45% 12.47% 11.86% 12.25% 12.08% 12.33% 12.43%
Net Buying Position(M.Baht)
Local Investors -95,185 120,800 40,180 76,002 -41,132 45,750 44,685 -1,736 2,801
Foreign Investors -26,103 -287,696 -57,992 -121,852 -28,978 -78,874 -64,317 -13,881 -675
Local Institutions 104,666 181,549 14,514 60,229 63,754 43,051 23,439 14,221 5,391
Proprietary Trading 16,622 -14,653 3,298 -14,380 6,356 -9,927 -3,807 1,395 -7,516
Daily Turnover Value (M.Baht) 50,114 57,674 71,182 59,853 53,343 46,203 54,595 41,585 42,057
Total Capitalization (M.Baht) 17,926,270 16,219,069 18,147,730 16,371,323 18,074,169 16,219,069 17,313,353 17,032,870 16,219,069
Source: The Stock Exchange of Thailand
Note:
1/ Historical P/E which calculated from market price of common stock divided / earnign per share
2/ Calculated from IPO Price multiplies with number of listed shares, excluded property funds, REITs and Infrastructure Funds
3/ Calculated from IPO Price multiplies with IPO shares