SET News · KOREA -5,676 921 4,524 -3,603 4,534 -2,209 13,708 10,543 3,963 3301 -20,972 Foreign net...

18
SET News 30 /2020 June 12, 2020 SET market report for May 2020 BANGKOK, June 12, 2020 - The Stock Exchange of Thailand (SET) Index closed up 3.2 percent from the previous month at 1,342.85 points at the end of May, with a 22 percent surge in the average daily trading value of SET and Market for Alternative Investment (mai) from the 2019 average to THB 65.03 billion (approx. USD 2.06 billion). Foreign investors reduced their net exposure in Thai shares by THB 31.58 billion, down from the preceding month and in tandem with other Asian markets. SET Senior Executive Vice President Soraphol Tulayasathien said that in May the Thai bourse continued to bounce back from the previous month, moving in the same direction as other Asian markets. The Thai stock market's gain was attributable to the improved sign of the COVID-19 infections situation, the second and the third-phase of the lockdown relaxation and the increased weightings of Thai equities in MSCI Index. However, investors are recommended to keep eyes on such external factors as the geopolitical tension between the US and China which could reignite trade retaliation amid efforts to recover the global economy after the COVID-19 crisis. Key highlights for May Securities market: SET Index ended May at 1,342.85 points, up 3.2 percent from the preceding month. Industrials, Agro & Food Industry, Technology, Consumer Products, and Services industry groups outpaced SET Index. In May, foreign investors sold a net THB 31.58 billion. The average daily trading value of SET and mai in May amounted to THB 65.03 billion, rising 22 percent from the average in 2019. Forward P/E ratio of SET was 19.8 times at the end of May, while historical P/E ratio stood at 18.5 times, exceeding the average of the Asian markets at 14.5 times and 15.2 times, respectively. Dividend yield ratio of SET was 3.68 percent at end-May, above Asian stock markets' average ratio of 3.32 percent. The combined market capitalization of SET and mai at end-May fell 13.6 percent from end-2019 to THB 14.6 trillion. For the five months to May, the fundraising via initial public offering (IPO) totaled THB 56.12 billion, while the secondary public offering (SPO) amounted to THB 15.12 billion. Derivatives market: In May, the derivatives trading volume averaged 318,201 contracts per day, down 12.9 percent from the previous month. “SET…Make it Work for Everyone” Follow us on Twitter @SET_Thailand Members of the media please contact the Media Relations Unit, Corporate Communications Dept.: Ornsiri Boontam tel: +66 (0) 2009 9484 / Arada Therdthammakun tel: +66 (0) 2009 9483 / Kanokwan Khemmalai tel:+66 (0) 2009 9478.

Transcript of SET News · KOREA -5,676 921 4,524 -3,603 4,534 -2,209 13,708 10,543 3,963 3301 -20,972 Foreign net...

SET News 30 /2020

June 12, 2020 SET market report for May 2020 BANGKOK, June 12, 2020 - The Stock Exchange of Thailand (SET) Index closed up 3.2 percent from the previous month at 1,342.85 points at the end of May, with a 22 percent surge in the average daily trading value of SET and Market for Alternative Investment (mai) from the 2019 average to THB 65.03 billion (approx. USD 2.06 billion). Foreign investors reduced their net exposure in Thai shares by THB 31.58 billion, down from the preceding month and in tandem with other Asian markets. SET Senior Executive Vice President Soraphol Tulayasathien said that in May the Thai bourse continued to bounce back from the previous month, moving in the same direction as other Asian markets. The Thai stock market's gain was attributable to the improved sign of the COVID-19 infections situation, the second and the third-phase of the lockdown relaxation and the increased weightings of Thai equities in MSCI Index. However, investors are recommended to keep eyes on such external factors as the geopolitical tension between the US and China which could reignite trade retaliation amid efforts to recover the global economy after the COVID-19 crisis. Key highlights for May Securities market:

SET Index ended May at 1,342.85 points, up 3.2 percent from the preceding month. Industrials, Agro & Food Industry, Technology, Consumer Products, and Services industry groups outpaced SET Index.

In May, foreign investors sold a net THB 31.58 billion.

The average daily trading value of SET and mai in May amounted to THB 65.03 billion, rising 22 percent from the average in 2019.

Forward P/E ratio of SET was 19.8 times at the end of May, while historical P/E ratio stood at 18.5 times, exceeding the average of the Asian markets at 14.5 times and 15.2 times, respectively.

Dividend yield ratio of SET was 3.68 percent at end-May, above Asian stock markets' average ratio of 3.32 percent.

The combined market capitalization of SET and mai at end-May fell 13.6 percent from end-2019 to THB 14.6 trillion.

For the five months to May, the fundraising via initial public offering (IPO) totaled THB 56.12 billion, while the secondary public offering (SPO) amounted to THB 15.12 billion.

Derivatives market:

In May, the derivatives trading volume averaged 318,201 contracts per day, down 12.9 percent from the previous month.

“SET…Make it Work for Everyone” Follow us on Twitter @SET_Thailand

Members of the media please contact the Media Relations Unit, Corporate Communications Dept.: Ornsiri Boontam tel: +66 (0) 2009 9484 / Arada Therdthammakun tel: +66 (0) 2009 9483 / Kanokwan Khemmalai tel:+66 (0) 2009 9478.

SET market report for May 2020

12 June 2020

2

• ณ สิน้เดอืนพฤษภาคม SET Index ปรบัเพิม่ขึน้ 3.2% จากสิน้เดอืนก่อนในสกุลเงนิบาท และ 5.3% ในสกุลดอลลาร ์

• เมือ่เทยีบกบัสิน้ปีก่อน 4 กลุ่มอุตสาหกรรมทีป่รบัตวัเพิม่ขึน้มากกวา่ SET Index ไดแ้ก่ กลุ่มเกษตรและอุตสาหกรรมอาหาร กลุ่มเทคโนโลย ีกลุ่มสนิคา้อุปโภคบรโิภค และกลุ่มบรกิาร

• ในเดอืนพฤษภาคม 2563 ผูล้งทุนต่างชาตขิายสทุธใินตลาดหลกัทรพัยไ์ทยเชน่เดยีวกบัตลาดอื่นในภมูภิาค แต่มลูคา่ขายลดลงจากเดอืนก่อน

• ในเดอืนพฤษภาคม 2563 มลูคา่ซือ้ขายเฉลีย่ต่อวนัรวมใน SET และ mai เพิม่ขึน้ 22.2% จากคา่เฉลีย่ในปี 2562

• ไทยยงัคงเป็นผูน้ าในดา้นมลูคา่การระดมทุนในตลาดแรก (IPO) ใน 5 เดอืนแรกของปี 2563

สรปุสถิติส ำคญัตลำดหลกัทรพัยไ์ทย พฤษภำคม 2563

3

ตลำดหลกัทรพัยไ์ทยฟ้ืนตวัจำกจดุต ำ่สดุได้ดีกว่ำหลำยตลำดในอำเซียน

Source: Bloomberg

Stock index movement (in local currency) Data as of May 29, 2020; rebased end-2019 = 100

50

60

70

80

90

100

110

Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20

Malaysia

Vietnam

Thailand

Singapore

Indonesia

Philippines50

60

70

80

90

100

110

Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20

MSCI world index

MSCI asia ex japan

Thailand

MSCI frontier markets

MSCI emerging market

MSCI ASEAN

4

-24.9 -28.5 -23.2 -25.9 -25.9

-18.2 -16.5 -20.0 -10.5 -9.1 -13.6

-6.6 -12.8 -7.9

-25.3 -24.5 -23.2 -22.1 -21.4 -18.5 -16.5 -15.0 -10.0 -8.8 -7.6 -7.5 -7.3 -5.6

Philippines Indonesia MSCIASEAN

Singapore India Hong Kong MSCI EM Thailand Vietnam Taiwan Korea Japan Malaysia China

USD Local currency

ณ ส้ินเดือนพฤษภำคม SET Index ปรบัเพ่ิมขึน้ 3.2% จำกส้ินเดือนก่อนในสกลุเงินบำท และ 5.3% ในสกลุดอลลำร ์

Source: Bloomberg, * MSCI EM = MSCI Emerging Markets Index

-6.8 -4.6 -4.3 -2.2 -1.4

0.6 3.4 1.3 2.3 5.3

2.1 3.4 7.5

13.1

-6.8 -4.3 -3.8 -1.2 -0.5

0.6 0.8 1.3 2.4 3.2 4.2 4.7 8.3

12.4

Hong Kong Singapore India China Taiwan MSCI EM Indonesia MSCIASEAN

Philippines Thailand Korea Malaysia Japan Vietnam

USD Local currency

Stock index price change (%MTD ) Unit: percent; (end of Apr 2020 – May 29 , 2020)

Stock index price change 2020 (%YTD) Unit: percent; (end of Dec 2019 – May 29 , 2020)

5

เมื่อเทียบกบัส้ินปีก่อน 4 กลุ่มอตุสำหกรรมท่ีปรบัตวัเพ่ิมขึน้มำกกว่ำ SET Index ได้แก่ กลุ่มเกษตรและอตุสำหกรรมอำหำร กลุ่มเทคโนโลยี กลุ่มสินค้ำอปุโภคบริโภค และกลุ่มบริกำร

SET Index classified by industry (Data as of May 29, 2020; rebased end-2019 = 100)

Source: SETSMART

%YoY %MTD %YTD Weight Mkt cap. 2017 2018 2019 Mar 20 Apr 20 May 20 May 20 May 20

SET 13.7 -10.8 1.0 -16.0 15.6 3.2 -15.0 100% SET50 17.7 -7.9 2.3 -15.7 15.4 2.6 -16.1 70%

Agro & Food -1.9 -22.4 13.0 -14.8 14.1 9.5 -2.1 7% Technology 7.5 -14.8 10.2 -4.9 4.3 1.6 -9.7 10%

Consumption -5.1 -24.5 -13.5 -12.2 7.2 6.7 -9.7 1% Service 19.7 -8.7 3.5 -12.3 18.6 2.4 -11.8 28%

Resource 19.6 -6.3 8.9 -19.2 20.8 2.2 -15.5 22% Property 6.6 -13.2 -5.4 -16.8 17.0 0.8 -16.6 14% Industrial 28.7 -13.9 -22.8 -19.4 23.4 4.7 -17.0 4% Financial 11.5 -9.2 -7.4 -23.8 8.4 6.3 -26.5 14%

6 Note: exclude mai Source: Bloomberg

ในเดือนพฤษภำคม 2563 ผูล้งทนุต่ำงชำติขำยสทุธิในตลำดหลกัทรพัยไ์ทยเช่นเดียวกบัตลำดอ่ืนในภมิูภำค แต่มลูค่ำขำยลดลงจำกเดือนก่อน

Net buy / sell Yearly 6 months Quarterly Monthly

2020 YTD 2018 2019 H1/19 H2/19 1/2019 4/2019 1/2020

2020 Mar Apr May

THAILAND -8,913 -1,495 1,318 -2,813 -407 -1,323 -3,639 -2,450 -1,439 -984 -6,062

INDONESIA -3,656 3,463 4,843 -1,380 843 -190 -714 -375 -560 552 -722 MALAYSIA -2,885 -2,524 -1,131 -1,393 -332 -620 -1737 -1,314 -612 -673 -3,022 PHILIPPINES -1,080 -239 407 -646 622 -358 -646 -303 -325 -165 -1,136 VIETNAM 1,884 287 432 -145 222 -150 -372 -340 -256 -19 -647 TAIWAN -12,228 10,050 3,479 6,571 4,440 7,440 -16,806 -12,077 818 -5,050 -21,038

INDIA -4,481 13,438 10,267 3,171 6,942 6,174 -5,636 -7,885 -30 1,560 -4,106

KOREA -5,676 921 4,524 -3,603 4,534 -2,209 -13,708 -10,543 -3,963 -3301 -20,972

Foreign net trading value into regional stock markets Unit: million USD, Data as of May 29, 2020

7 Sources: SETSMART, Thai BMA and BOT

ในเดือนพฤษภำคม 2563 ผูล้งทนุต่ำงชำติขำยสทุธิในตลำดหุ้นและตลำดตรำสำรหน้ี

Foreign net flow into Thai bond and equity markets Unit: net flow (billion THB); Data as of May 29, 2020

Net flow Yearly Quarterly Monthly

2020 YTD 2017 2018 2019 1/2019 4/2019 1/2020

2020 Mar Apr May

1.Government bond 113.1 190.5 -35.1 -21.4 6.4 -51.5 -42.5 -27.5 -4.0 -83.1 2.Central bank bond 104.1 -55.5 -38.4 -21.4 -9.4 -35.1 -34.2 -0.8 -2.6 -38.5 3.Equity -26.0 -287.7 -44.6 -13.3 -40.0 -115.1 -78.4 -47.0 -31.6 -193.7 Total 191.2 -152.7 -118.1 -56.1 -43.0 -201.7 -155.1 -75.4 -38.2 -315.3 THB/USD (average) 33.92 32.32 31.05 31.63 30.26 31.28 32.09 32.60 32.08 31.71 THB/USD (end of period) 32.57 32.33 29.97 31.74 29.97 32.75 32.75 32.46 31.81 31.81

8

47,897 45,833 41,208 41,413 58,114 59,640 62,772 64,648 56,736 51,480 52,029 46,783

62,460 65,193 71,257 67,548 64,057 56,409 52,468

1,641.73 1,653.48 1,638.65 1,673.52 1,620.22 1,730.34 1,711.97 1,654.92 1,637.22 1,601.49 1,590.59 1,579.84 1,514.14 1,340.52 1,125.86 1,301.66 1,342.85

1,563.88 1,579.84

0

400

800

1,200

1,600

2,000

20,00030,00040,00050,00060,00070,00080,000

Jan

19

Feb

19

Mar 1

9

Apr 1

9

May 1

9

Jun

19

Jul-1

9

Aug

19

Sep

19

Oct 1

9

Nov 1

9

Dec 1

9

Jan

20

Feb

20

Mar 2

0

Apr 2

0

May 2

0

2018

2019

Average daily trading value (million THB) SET Index at the end of period

685 937 619 502 578 893 1,279 707 682 579 769 446 527 667 457 545 974 1,265 724

380.45 379.59 364.12 366.15 339.82 363.58 369.16 352.72 345.62 325.46 318.88 309.64 299.57 261.76 216.05 256.19 284.87 356.44 309.64

0

200

400

600

0

1,000

2,000

3,000

Jan

19

Feb

19

Mar 1

9

Apr 1

9

May 1

9

Jun

19

Jul 1

9

Aug

19

Sep

19

Oct 1

9

Nov 1

9

Dec 1

9

Jan

20

Feb

20

Mar 2

0

Apr 2

0

May 2

0

2018

2019

Average daily trading value (million THB) mai Index at the end of period

SET average daily trading value and SET Index

mai average daily trading value and mai Index

ในเดือนพฤษภำคม 2563 มลูค่ำซ้ือขำยเฉล่ียต่อวนัรวมใน SET และ mai เพ่ิมขึน้ 22.2% จำกค่ำเฉล่ียในปี 2562

Source: The Stock Exchange of Thailand

9

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.

Forward และ historical P/E ของไทยสงูกว่ำค่ำเฉล่ียในภมิูภำค 10

.60

12.68

19.57

16.66

14.00

20.45

21.04

15.80

11.51

17.70

45.37

10.25

10.29

13.44

12.71

14.71

14.83

17.23

18.69

22.50

17.93

15.83

9.55

9.97 13

.77

14.29

14.50

14.94

18.03

18.58

23.39

18.50

17.46

Hong Kong Singapore Philippines Vietnam China Indonesia Malaysia Taiwan Korea SET mai

31-May-2019 30-Apr-2020 29-May-2020

Unit: times Forward P/E of Thailand and regional comparisons

Unit: times Historical P/E of Thailand and regional comparisons

10.58

11.14

12.31

11.88

15.68

16.11

17.14

15.44

16.71

15.12

15.67

11.11

11.55

12.72

13.44

12.77

12.24

13.18

16.64

16.44

17.74

11.81

10.81

11.70

13.38

14.29

14.32

14.65

15.57

16.85

19.05

19.81

13.13

Hong Kong China Singapore Korea Indonesia Vietnam Philippines Taiwan Malaysia SET mai

31-May-2019 30-Apr-2020 29-May-2020

Average of 9 countries as of May 29, 2020 is 15.22

Average of 9 countries as of May 29, 2020 is 14.51

10

Source: Bloomberg Market dividend yield : Previous 12-month dividend value divided by market capitalization at the end of the month.

อตัรำเงินปันผลตอบแทนของไทยอยู่ท่ีระดบั 3.68% ซ่ึงสงูกว่ำค่ำเฉล่ียในภมิูภำค

Market Dividend Yield Unit: percent

1.66

1.92

2.34

2.34

2.37

3.66

4.47

3.47

4.01

3.23

2.91

2.10

2.40

2.37

2.32

3.49

3.78

4.17

4.49

4.85

3.98

3.80

2.12

2.13

2.28

2.35

3.41 4.0

5

4.19

4.28 5.0

2

3.68

3.16

Philippines Vietnam Korea China Indonesia Hong Kong Taiwan Malaysia Singapore SET mai

31-May-2019 30-Apr-2020 29-May-2020

Average of 9 countries as of May 29, 2020 is 3.32%

11 Source: Bloomberg

ใน 5 เดือนแรกของปี 2563 ตลำดหลกัทรพัยไ์ทยมีมลูค่ำกำรระดมทนุครัง้แรก (IPO) เป็นอนัดบั 1 ในอำเซียน

Size of IPO issued in ASEAN exchanges Unit: million USD ; Data as of May 29, 2020

Top 5 IPO size in 5M2020 Country 2018 2019 Mar 20 Apr 20 May 20 5M2020

Thailand 2,406 2,714 0 0 0 2,328

Indonesia 1,287 899 93 62 5 272

Singapore 522 1,175 5 0 0 184

Malaysia 167 460 6 0 0 45

Vietnam 2,441 0 0 0 0 0

Philippines 174 332 0 0 0 0

*cross-border IPO excluded

Listed company Country Industry IPO value

(million USD)

Listing month

Central Retail Corp PCL Thailand Retail 2,321.1 Feb

Elite Commercial REIT Singapore REIT 176.4 Feb

Metro Healthcare Indonesia Indonesia Healthcare 75.1 Mar

InNature Bhd Malaysia Retail 27.8 Feb

Sejahtera Bintang Abadi Textile

Indonesia Textile 16.5 Apr

12

Average daily trading contract classified by instruments Unit: contracts; Data as of May 29, 2020

2019 (5M) 2020 (5M) %YoY3 Q1/2020 Mar 20 Apr 20 May 20 %MOM4

SET50 Index Futures1

157,521 245,195 55.7% 288,319 408,589 204,778 141,412 -30.9%

SET50 Index Options 5,174 5,945 14.9% 7,783 7,691 2,579 3,441 33.4%

Single Stock Futures 151,979 191,095 25.7% 231,031 242,895 112,719 142,757 26.7%

50 Baht Gold Futures 436 495 13.5% 588 668 516 144 -72.1%

10 Baht Gold Futures1

12,660 12,204 -3.6% 14,921 16,423 9,803 6,060 -38.2% Interest Rate Futures

1 - - n.a. - - - - n.a.

Silver Futures1 - - n.a. - - - - n.a. Brent Crude Oil Futures1 - - n.a. - - - - n.a. USD Futures1 2,695 8,527 216.4% 8,718 12,213 11,429 4,473 -60.9% Sector Index Futures1 - - n.a. - - - - n.a. Agricultural Futures5 200 156 -22.0% 241 234 6 33 409.3% Gold Deferred,6 72 19 -73.6% 31 27 - - n.a. Gold Online Futures 7 7,471 34,701 364.5% 42,705 65,394 23,393 19,881 -15.0%

All Products2

338,208 498,436 47.4% 594,337 754,133 365,223 318,201 -12.9%

Source: SETSMART

Note 1 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 the first 4 months

of 2019 and 2018. 4 Calculated from the average daily trading volume in May 2020 compared with Apr 2020. 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

ในเดือนพฤษภำคม ตลำดสญัญำซ้ือขำยล่วงหน้ำมีปริมำณกำรซ้ือขำยเฉล่ียต่อวนัลดลง 12.9% จำกเดือนก่อน

Appendix

15

215,1

56

194,9

75

218,4

36

242,3

41

245,0

36

215,1

56

233,4

97

220,3

12

219,1

44

215,1

56

209,3

05

180,9

95

148,8

50

176,9

70

194,9

75

310 285 340 364 369 353 346

325 319 310 300 262 216

256 285

50

150

250

350

0

100,000

200,000

300,000

400,000

500,000

2019

2020

May 1

9

Jun

19

Jul 1

9

Aug

19

Sep

19

Oct 1

9

Nov 1

9

Dec 1

9

Jan

20

Feb

20

Mar 2

0

Apr 2

0

May 2

0

16,74

7,456

14,44

9,798

16,60

2,700

17,74

6,877

17,67

2,566

17,10

9,908

16,91

9,401

16,85

4,718

16,82

3,530

16,74

7,456

16,26

4,140

14,42

7,773

12,11

1,619

14,00

3,025

14,44

9,798

1,580 1,343

1,620 1,730 1,712 1,655 1,637 1,601 1,591 1,580 1,514 1,341 1,126 1,302 1,343

04008001,2001,600

500,000

5,500,000

10,500,000

15,500,000

2019

2020

May 1

9

Jun

19

Jul 1

9

Aug

19

Sep

19

Oct 1

9

Nov 1

9

Dec 1

9

Jan

20

Feb

20

Mar 2

0

Apr 2

0

May 2

0

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 May 29, 2020

Market Activities

Unit: Market cap.(million THB) (LHS); Index (RHS)

SET Market Cap (million THB) Index

High

16,966,345 (Jan 17, 20)

1,600.48 (Jan 17, 20)

Low

11,0201,54 (Mar 23, 20)

1,024.46 (Mar 23, 20)

Average 14,451,982 %YTD -13.72% -15.00%

mai Market Cap (million THB) Index

High

216,584 (Jan 3, 20)

311.58 (Jan 3, 20)

Low

145,119 (Mar 24, 20)

210.79 (Mar 24, 20)

Average 185,557 %YTD -9.38% -8.00%

2020

2020

16

Unit: million THB

Source: The Stock Exchange of Thailand; Data as of Jun 5, 2020.

Types Yearly Quarterly Monthly

2019 2019 (5M) 2020 (5M) %YoY 1/2019 2/2019 3/2019 4/2019 1/2020 Mar 20 Apr 20 May 20

Initial Public Offering 90,839 7,887 56,127 611.68% 6,052 2,477 14,311 67,999 56,127 - - - Secondary Offering 311,321 20,926 15,125 -27.72% 9,644 29,546 57,987 208,995 11,552 977 132 3,440 - Public Offering 97,482 - 3,146 n.a. - - 19,285 78,197 3,146 - - Private Placement 48,511 10,945 5,738 -47.57% 5,461 5,496 25,908 11,646 5,351 - 106 281 - Convertible Bond 4,732 24 232 854.29% 24 385 4,318 - 230 230 3 - - Warrant 61,843 3,549 3,730 5.08% 1,019 14,194 3,766 37,715 633 465 24 3,073 - Right Offering 98,754 6,407 2,279 -64.44% 3,140 9,470 4,711 81,433 2,192 282 - 86 Grand Total 402,159 28,812 71,252 147.30% 15,696 32,023 72,298 276,994 67,679 977 132 3,440

Accumulated fund raising value in Jan - May 2020 (YTD)

Property 4,273

mai 962

Financials 5,750

Services 59,258

Technology 859

Consumption 24

Others 78

Accumulated fund raising value in May 2020

Property 1,121

mai 367

Financials 1,952

Market Activities

Appendix 1 Market Statistics

(As of 29/5/2020) 2019 2020 Q1/2019 Q2/2019 Q1/2020 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020

SET

SET Index 1,579.84 1,342.85 1,638.65 1,730.34 1,125.86 1,514.14 1,340.52 1,125.86 1,301.66 1,342.85

Market Dividend Yield (%) 3.14 3.82 3.13 2.96 4.40 3.31 3.71 4.40 3.99 3.82

Market P/E Ratio 1/ 19.40 18.94 17.12 18.64 13.04 18.39 15.71 13.04 15.13 18.94

Market P/BV 1.79 1.48 1.82 1.89 1.23 1.71 1.49 1.23 1.43 1.48

Total Turnover Value (M.Baht) 12,802,086 6,752,011 2,789,932 3,082,299 4,180,460 1,374,136 1,238,667 1,567,657 1,418,509 1,153,042

Daily Turnover Value (M.Baht) 52,468 66,196 44,999 53,143 66356.50016 62,461 65,193 71,257 67,548 64,058

Number of Listed Securities 2,832 2,474.00 2,493 2,581 2,726.00 2,939 2,856 2,726 2,557 2,474

Newly Listed Companies 13 1 1 1 1 - 1 - - -

Raising value of New Listed Securities (M.Baht) 2/ 365,158 253,302 8,368 3,197 253,302 - 253,302 - - -

Total value of Newly Listed Securities (M.Baht) 3/ 85,857 55,902 5,443 750 55,902 - 55,902 - - -

Delisted Listed Companies 8 3 - 1 3 - 2 1 - -

No. of Companies moved from mai to SET 6 1 1 2 1 - 1 - - -

No. of Companies moved from SET to mai - - - - - - - - - -

Total Capitalization (M.Baht) 16,747,456 14,449,798 16,756,438 17,746,877 12,111,619.01 16,054,835 14,427,773 12,111,619 14,003,025 14,449,798

mai

mai Index 309.64 284.87 364.12 363.58 216.05 299.57 261.76 216.05 256.19 284.87

Market Dividend Yield (%) 2.91 3.25 2.73 2.68 4.34 2.98 3.68 4.34 3.64 3.25

Market P/E Ratio 1/ 23.08 21.55 52.07 43.36 14.59 22.44 17.89 14.59 17.33 21.55

Market P/BV 1.55 1.38 1.79 1.82 1.04 1.51 1.26 1.04 1.24 1.38

Total Turnover Value (M.Baht) 176,768 63,311 45,874 38,070 34,328 11,602 12,667 10,058 11,449 17,535

Daily Turnover Value (M.Baht) 724 620.70 740 656 545 527 667 457 545 974

Number of Listed Securities 197 197.00 202 194 197.00 199 197 197 198 197

Newly Listed Companies 17 1 3 4 1 1 - - - -

Raising value of New Listed Securities (M.Baht) 2/ 18,591 900 2,057 6,676 900 900 - - - -

Total value of Newly Listed Securities (M.Baht) 3/ 4,981 225 609 1,727 225 225 - - - -

Delisted Listed Companies 1 - - - - - - - - -

No. of Companies moved from mai to SET 6 1 1 2 1 - 1 - - -

No. of Companies moved from SET to mai - - - - - - - - - -

Total Capitalization (M.Baht) 215,156 194,975 241,802 242,341 148,850.21 209,305 180,995 148,850 176,970 194,975

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% 100.00%

Local Investors 33.72% 41.52% 36.45% 32.90% 40.06% 35.09% 35.94% 41.68% 47.86% 47.17%

Foreign Investors 41.38% 46.97% 39.94% 43.76% 40.95% 38.45% 39.09% 38.46% 34.03% 34.52%

Local Institutions 11.35% 11.39% 11.17% 10.67% 6.95% 13.14% 12.10% 11.39% 10.11% 10.10%

Proprietary Trading 13.55% 10.12% 12.45% 12.67% 12.04% 13.31% 12.87% 8.47% 8.00% 8.22%

Net Buying Position(M.Baht)

Local Investors -21,463 127,727 -21,389 -59,825 95,898 30,320 23,024 42,555 18,592 13,237

Foreign Investors -44,791 -193,354 -13,367 54,040 114,993- -17,231 -19,399 -78,363 -46,782 -31,580

Local Institutions 51,341 67,899 32,075 -9,200 26,249 -12,288 -3,805 42,342 23,661 17,988

Proprietary Trading 14,914 -2,271 2,680 14,984 7,155- -801 180 -6,533 4,528 355

Daily Turnover Value (M.Baht) 53,192 66,817 45,739 53,799 66,901 62,988 65,860 71,714 68,093 65,032

Total Capitalization (M.Baht) 16,962,612 14,644,773 16,998,240 17,989,218 12,260,469 16,264,140 14,608,769 12,260,469 14,179,994 14,644,773

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