Thai Union Group PCL (TU) Is Yet to See Trading Action on Oct 13

October 13, 2017 - By Ellis Scott

Shares of Thai Union Group PCL (BKK:TU) closed at 19 yesterday. Thai Union Group PCL currently has a total float of 4.77B shares and on average sees 11.30M shares exchange hands each day. The stock now has a 52-week low of 18.8 and high of 22.7.

Stock Exchange Of Thailand 50 Index (SET50): Driving Thailand Economy

Stock Exchange of Thailand 50 Index (SET50) is the index of the top 50 largest companies listed on the Stock Exchange of Thailand (SET) in Bangkok. Including Thai Union Group PCL shares. SET50 has its broader sibling called SET100, which tracks the top 100 largest stocks on SET.

Both SET50 and SET100 are market capitalization-weighted indices and they draw their components from SET Index, which tracks all the common stocks listed on the SET.SET50 and SET100 were also developed to facilitate trading in index futures and options. As such, SET50 is an investible index.

SET50 was first published in August 1995 with the base value being set at 1000 points. The index sank to an all-time low of 636.07 points in October 2011 at a time when the global economy was just begin to recover from the aftermath of the worst financial meltdown in recent memory. However, SET50 shot back up in the next few years, hitting a lifetime high of 1079.78 in May 2013 as investor confidence strengthened amid strong returns by Thai companies.

Rebalancing ofSET50

SET50 is revised semi-annually in December and June. It is the time for Thai Union Group PCL to act and win new investors. During the rebalancing of the index, adjustments are made to reflect the recent changes in the stock market such as changes in the market capitalization of a component because of rights issue or debts converting to stock.

The revision of SET50 sometimes leads to certain stocks being eliminated from the index and new ones added. A stock may be dropped from SET50 if it has fallen short of the index listing requirements such a decline in market capitalization and change in the stock liquidity.

But a stock dropped from SET50 may still continue listing on the broader SET100index.

The constituents of SET50 represent various sectors. Energy, Construction materials and Transportation are the top three largest sectors in the index.

The Thai stock market

SET uses computerized trading systems that were first rolled out in April 1991 and have been enhanced multiple times in recent years to simplify stock trading on the platform. Some of those trading system upgrades have improved the interface and increase transaction speed. It helps Thai Union Group PCL to work fast.

Trading on SET rolls out in five sessions lasting between a few minutes and several hours. The morning pre-opening session starts at 9.30 a.m. and ends between 9.55 a.m. and 10.00 a.m. This pre-opening session is used to determine the open price for the regular morning session.

The regular morning session begins at 9.55 a.m. or 10.00 a.m., depending on when the pre-opening session ended, and runs until 12.30 p.m. at which the market takes a lunch break. Afternoon pre-opening session begins at 14.00 p.m. and lasts between 25 and 30 minutes before giving way to regular afternoon trading that begin anywhere between 14.25 p.m. and 14.30 p.m. and continues until 16.30 p.m.

The last session on SET is the afterhours trading that starts immediately the regular afternoon session ends at 16.30 p.m. and runs for 30 minutes to 40 minutes.

Appetite in Thai equities

A mix of diverse investment opportunities in Thailand, efforts to improve corporate governance standards and bright growth prospects of the Thai economy have contributed to strong appetite for Thai equities especially among retail investors from across the Asian region and beyond. They check such companies as Thai Union Group PCL for the liquidity.

More notable recent Thai Union Group PCL (BKK:TU) news were published by: Reuters.com which released: “Tuna giant Thai Union says labour abuse report another wake up call” on December 14, 2015, also Reuters.com with their article: “Thai Union buys stake in US chain Red Lobster in $575 million deal” published on October 10, 2016, Reuters.com published: “UPDATE 1-Thai Union Group scraps $1.5 bln plan to buy Bumble Bee” on December 04, 2015. More interesting news about Thai Union Group PCL (BKK:TU) were released by: Marketwatch.com and their article: “0.65” published on April 28, 2011 as well as Reuters.com‘s news article titled: “Tuna giant Thai Union scraps worker fees to tackle labour abuses” with publication date: April 28, 2016.

Thai Union Group Public Company Limited, formerly known as Thai Union Frozen Products Public Company Limited, is a Thailand firm engaged in the manufacture and export of frozen and canned seafood. The company has market cap of $90.66 billion. The Company’s activities are divided into five groups: production and export of frozen and canned food products, production and distribution of packaging products, production and distribution of animal feeds and agriculture products, food business in domestic market and overseas investment. It has a 15.93 P/E ratio. The Company’s exported products include canned, pouched and seal-contained tuna, sardine, mackerel and seafood, frozen shrimp and frozen tuna loin, among others.

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