The Stock Exchange of Thailand (SET) performs strongly in January 2023 with companies continuing to mobilise fund through the bourse in various forms. (Photo: coindesk.com)Bangkok (VNA) – The Securities and Exchange Commission of Thailand (SEC) on February14 said that the Stock Exchange of Thailand (SET) performed strongly in January2023 with companies continuing to mobilise fund through the bourse in variousforms to expand their business.
According to SEC,last month, three securities issued initial public offerings (IPO) with a totalvalue of 3.43 billion THB (101.32 million USD).
About 14companies are having their listing application vetted while other 74 companiesare in the consulting process to raise fund from the stock market.
Regardingfundraising via crowdfunding, 16 companies have completed their projects worth537 million THB, bringing the total of such companies to 380 with 6.29 billion THB raised through crowdfunding.
Nineteen small and medium-sized enterprises (SMEs) have completed the private placement (PP) fundraisingphase by 2022. To date, 19 SMEs have completed the PP offering phase with totalvalue of 272 million THB.
For corporatebonds, long-term bonds worth 1.26 billion THB were issued last year, of which 1.16 billion THB were investment-grade bonds and 98 billion THB were high-yield bonds.
According to SET, trading volume on the Thai stockmarket is still the highest in the Association of Southeast Asian Nations(ASEAN).
In January, theaverage daily turnover on the main stock market and the Alternative InvestmentMarket totaled 72 billion THB, up from 56.2 billion THB a month earlier, butdown 23 .7% over the same period last year.
Also during thisperiod, foreign investors were net buyers for the fourth consecutive month, spending 19billion THB on Thai securities.
Soraphol Tulayasathien, SET senior executive vice-president said that the SET’s marketcapitalisation ranks third in ASEAN and that if more companies continue tolist on the bourse, the SET can potentially overtake Singapore for top marketcap in ASEAN.
As of December,Singapore led ASEAN in market capitalisation with 619 billion USD, followed byIndonesia with 614 billion USD, Thailand 604 billion USD, Malaysia 381 billionUSD and the Philippines 239 billion USD./.
