Asia Plus Securities Company Limited stated yesterday the Stock Exchange of Thailand (SET) Open to listen to opinions to improve Turnover criteria for calculating shares SET50
and SET100 From the ceiling of 5% per month reduced to 2% per month (begin to take effect on the
the first half of this year 2023)
This is due to the behavior of large stocks at present, having a turnover or a very reduced liquidity. This may result in future SET50 and SET100 index being changed and not reflected.
a real market picture. Therefore, such criteria were revised. in order for the index to reflect the market image.
appropriately, along with the liquidity level consistent with the trading conditions.
in the market
Initially, the research department conducted a research study. “Shares have lost their benefits. from improving the criteria
New” starting from the shares that benefited, divided into 2 groups as follows:
1. Large stocks in SET50, low liquidity (average monthly turnover
reduced to only 3 -4.5%), previously the threshold of 5%, driven by concerns
that it will be more difficult to get off the SET50 in the future, for example, INTUCH has an average monthly turnover.
(During 12/21 – 08/22) 3.04% AWC 3.08% AOT 3.68% OR 3.74% GULF
3.93% PTT 3.94% Other stocks as shown in the table below.
2. Stocks that have the opportunity to enter the SET50 index in the next round and in the future are divided into 3 groups.
2.1. Top large stocks in SET50 trading liquidity
There is a chance to come back to calculate SET50 in the first half of 2023 such as DELTA
BJC (both SET50 and SET100)RATCH while RAM is less likely.
than due Smaller size and liquidity, and still close to the threshold
2.2. Liquidity stocks have risen until recently they have a higher market cap than stocks.
Finally, in the SET50, there is a chance to come back to calculate SET50 in the first half of 2023.
can be maintained if the Market Cap. level can be maintained such as COM7 while CENTEL,
KKP is less likely to come This is because it is similar in size to a stock with a market cap.
The smallest in the SET50 index at present.
2.3. Large stocks may enter the SET50 in the future if trading value increases.
or have higher freefloat, such as MAKRO (currently lacking free float criteria)
and TOA (lack of liquidity criteria)
As for stocks that may be pressured, they may fall off the SET50 in the first half of 2023. Look at the stocks that have the market
Cap. Less in SET50 such as BLA ,KCE ,SAWAD, IRPC
However, the market criterion will use the average Market Cap. in Sept. – Nov. 2022 to rank, so only need to look at the order of Market Cap. at that time once more. Including in the future, small-medium sized stocks may have a chance to enter the SET50 – SET100 index more difficult.
Summary of strategies, recommending outstanding stocks with a chance to enter SET50 in the first half of 2023 to high, such as DELTA, BJC (with a chance to enter both SET50 and SET100), RATCH COM7 (with a chance to enter SET50) are Toppick
