set market report (june 2017) · set market report for june 2017 26 july 2017 netbuy / sell ... 15...

SET Market Report for June 2017

26 July 2017

Net buy / sell

Yearly 6 months Quarterly Monthly

YTD2014 2015 2016 H2/16 H1/17 4/2016 1/2017 2/2017

2017

May Jun 1-13 Jul

Foreign net trading value into regional stock markets

Unit: million USD, Data as of Jul 13, 2017

SET in the regional context

2014 2015 2016 H2/16 H1/17 4/2016 1/2017 2/2017

May Jun 1-13 Jul

THAILAND -1,091 -4,372 2,240 1,203 393 -1,545 185 208 161 -5 88 481

INDONESIA 3,766 -1,580 1,259 274 1,303 -1,367 626 677 -48 -325 -285 1,018

PHILIPPINES 1,256 -1,194 83 -557 409 -668 -348 757 173 386 -7 402

VIETNAM 136 100 -345 -266 406 -114 154 252 59 93 16 422

TAIWAN 13,190 3,384 10,956 4,712 9,413 -3,305 5,970 3,443 1,565 720 61 9,474

INDIA 16,118 3,274 2,903 -53 8,281 -4,607 6,699 1,582 1,542 385 -134 8,147

KOREA 5,684 -3,580 10,480 7,131 9,012 1,066 4,766 4,246 1,635 1,659 1,040 10,052

Source: Bloomberg

Note: exclude mai2


Unit: net flow (billion THB); Data as of Jul 13, 2017

Foreign net flow into Thai bond and equity markets

Net flow

Yearly Quarterly Monthly Weekly

2014 2015 2016 4/2016 1/2017 2/20172017 19-23

Jun

26-30

Jun

3-7

JulApr May Jun

1.Government bond (LB+TB) 29.7 -71.8 16.4 -22.8 51.0 44.6 10.8 9.8 24.0 5.9 7.7 -2.7

Sources: SETSMART, Thai BMA and BOT

3

1.Government bond (LB+TB) 29.7 -71.8 16.4 -22.8 51.0 44.6 10.8 9.8 24.0 5.9 7.7 -2.7

2.Central bank bond -53.9 -40.4 46.8 -75.1 11.6 -18.6 -17.0 23.2 -24.9 2.1 -3.0 -0.4

3.Equity -35.7 -155.6 78.5 -54.7 6.3 6.7 1.8 0.2 -0.6 -1.4 4.8 2.0

Total (1+2+3) -59.9 -267.8 141.7 -152.6 68.9 32.7 -4.4 33.2 -1.5 6.6 9.5 -1.1

THB/USD (average) 32.48 34.25 35.28 35.40 35.12 34.30 34.46 34.51 33.99 33.98 33.97 34.04

THB/USD (end of period) 32.91 36.03 35.83 35.83 34.35 33.93 34.59 34.05 33.93 33.93 33.93 34.12


8.1 8.211.7 11.7 14.0 18.0

20.6

13.717.3

26.0

18.9

26.9

20.7

2.45.2

6.8 10.111.4 12.3 13.0

16.0 17.1 18.9 19.8 20.3 20.7

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

USD Local currency

Stock index change (%YTD)

Unit: percent; (end of Dec 2016 – July 13, 2017)

4

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

-0.4 -0.1

0.2 0.30.2

-0.5

0.3 0.71.2 0.9

2.23.0

3.9

-0.6

0.0 0.2 0.3 0.3 0.3 0.5 0.6 0.7 1.22.3

3.03.6

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

USD Local currency

Stock index change (%MTD)

Unit: percent; (end of Jun 2017 – July 13, 2017)

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

Stock index movement (in local currency)

Data as of July 13, 2017; rebased end-2016 = 100


120

130Vietnam

Philippines

Singapore

120

130MSCI asia ex

JapanMSCI emerging

markets

Source: Bloomberg

5

90

100

110

31-D

ec-1

6

31-J

an-1

7

28-F

eb-1

7

31-M

ar-1

7

30-A

pr-1

7

31-M

ay-1

7

30-J

un-1

7Singapore

Indonesia

Malaysia

Thailand90

100

110

31-D

ec-1

6

31-J

an-1

7

28-F

eb-1

7

31-M

ar-1

7

30-A

pr-1

7

31-M

ay-1

7

30-J

un-1

7

marketsMSCI frontier

merketsMSCI ASEAN

MSCI world

indexThailand

10.9

4

11.9

5

13.5

9

13.0

5

14.4

3

16.8

0

16.1

6

16.7

2

20.4

8

16.1

0

29.0

2

10.2

5

12.5

1

13.8

5

14.8

2

14.3

0

14.8

7

16.7

7

16.1

6

19.1

7

15.3

8

37.5

6

10.2

9

12.7

2

14.1

4

14.6

5

14.9

0

15.3

8

16.1

7

16.7

2

19.2

2

15.4

3

37.3

8

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

13-Jul-2016 13-Jun-2017 13-Jul-2017Unit: times

Forward P/E of Thailand and regional comparisons


Average of 9 countries as of Jul 13, 2017 is 14.91

12.4

8

11.6

2

16.6

0

16.8

5

18.0

2

17.3

6

15.7

5

23.5

3

26.4

4

22.5

9

61.3

5

13.2

7

13.9

2

15.7

8

16.0

7

16.9

5

16.8

6

17.1

1

21.7

5

23.7

8

16.3

1

92.4

0

13.1

6

14.1

9

16.3

5

16.4

5

16.5

0

17.2

9

17.3

8

21.8

1

24.5

9

16.3

5

95.2

1

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

13-Jul-2016 13-Jun-2017 13-Jul-2017

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

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.

Average of 9 countries as of Jul 30, 2017 is 17.52

6

Unit: times

Historical P/E of Thailand and regional comparisons

3.17

3.08

3.87

3.84 4.

13

3.22

.72 3.04 3.

25

3.28 3.

62

3.16

.71 3.

07 3.28 3.37 3.

76

3.29

13-Jul-2016 13-Jun-2017 13-Jul-2017

Market Dividend Yield

Unit: percent


1.59

1.62 1.

90

1.88

1.341.51 1.60 1.76

2.25

2.

1.66

1.48 1.60 1.

88 2.07

2.

1.53

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

Source: Bloomberg

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

7

Average of 9 countries as of Jul 13, 2017 is 2.58%

65.463.0

35.0 41.4

1,239.5

1,156.0

876.8 910.9

576.0 684.6

Share turnover velocity** (2013 - May 2017)

Unit: percent

Average daily turnover* (2013 - May 2017)

Unit: million USD


30.531.5

35.0 41.4

21.6 18.3

12.815.6

2013 2014 2015 2016 2017 Jan

17

Feb

17

Mar

17

Apr

17

May

17

Thailand Singapore Malaysia

Indonesia Philippines

576.0 684.6

407.8415.6

133.6 160.8

2013 2014 2015 2016 2017 Jan

17

Feb

17

Mar

17

Apr

17

May

17

Thailand Singapore Malaysia

Indonesia Philippines

8

Source: World Federation of Exchanges (WFE)., Data of Indonesia market as of April 2017.

* Average daily turnover calculates by trading value / number of business days

** The turnover velocity is the ratio between the Electronic Order Book (EOB) turnover of domestic shares and their market capitalization. The value is annualized by

multiplying the monthly average by 12.

5,776

3,663

1,952

Domestic Market Capitalization

Unit: billion USD; data as of end May 2017

(...%) Percentage change (MoM); Apr 2017 - May 2017

Number of Listed Companies

Unit: companies; data as of end-May 2017

(…) Change (MoM); Apr 2017 - May 2017


Source: World Federation of Exchanges (WFE), Indonesia Stock Exchange and Bloomberg

* Bombay SE 9

2,027

917 900 751 665 542 267

Indi

a*

Hon

g Kon

g

Tai

wan

Mal

aysi

a

Sin

gapo

re

Tha

iland

Indo

nesi

a

Phi

lippi

nes

1,952

988729

469 463 415 272

Hon

g Kon

g

Indi

a*

Tai

wan

Sin

gapo

re

Indo

nesi

a

Tha

iland

Mal

aysi

a

Phi

lippi

nes

vv(3.0%) (0.3%) (3.8%) (-47) (+7) (+1)(2.0%) (0.8%) (1.0%) (+2) (+1) (-1)(MoM) (+3)(0.9%) (+1)(1.2%)


5.8% 8.2%12.3% 13.6% 14.4% 14.7% 14.7%

25.0%

1.9%

8.6% 9.0%14.1%

10.2% 9.2%15.3%

18.4%

Thailand Indonesia Singapore Philippine Malaysia Taiwan Hong Kong India*

USD Local currency

Domestic Market Capitalization (%YTD)

Unit: percent; (end of Dec 2016 - May 2017)

Source: World Federation of Exchanges (WFE).

* BSE India Limited 10

Thailand Indonesia Singapore Philippine Malaysia Taiwan Hong Kong India*

0.3% 0.8% 0.9% 1.1% 1.2% 2.0% 3.0% 3.8%0.8%

-0.1% -0.4%

1.0%

0.0%

1.8%3.2% 2.8%

India* Singapore Malaysia Indonesia Thailand Taiwan Hong Kong Philippine

USD Local currency

Domestic Market Capitalization (%MoM)

Unit: percent; (end of Apr 2017 - May 2017)

90

110

INDUS

TECH

FINCIAL

SET50

PROPCON

SET

SERVICE

RESOURC

SET index classified by industry

Market Activities

(Data as of Jul 13, 2017; rebased end-2016 = 100)

%YTD Weight Mkt cap.

2014 2015 2016 May 17 Jun 17 1-13 Jul 17 13 Jul 17 13 Jul 17

SET 15.3 -14.0 19.8 -0.3 0.8 0.3 2.4 100%

SET50 13.3 -18.7 18.6 -0.8 0.8 0.5 3.6 66%

Industrial -14.3 -9.7 33.6 -0.5 0.4 0.9 12.8 6%

Technology 22.0 -34.5 7.5 -0.2 2.0 2.1 11.0 10%

Financial 27.9 -22.3 17.7 -0.9 1.8 1.2 4.9 18%

Property 18.8 -0.9 4.0 0.0 0.1 0.1 3.1 17%

Service 22.8 2.9 20.7 1.2 2.7 -0.6 -0.1 23%

Resource -2.3 -20.7 38.5 -1.1 -2.0 0.3 -1.1 19%

Consumption 40.9 -18.3 6.2 -5.4 -0.1 -0.7 -3.6 1%

Agro & Food 8.7 -13.2 36.3 -1.5 0.3 -1.6 -6.0 7%

%YoY %MTD

90

30/1

2/20

16

9/1/

2017

13/0

1/20

17

19/0

1/20

17

25/0

1/20

17

31/0

1/20

17

6/2/

2017

10/2

/201

7

17/0

2/20

17

23/0

2/20

17

1/3/

2017

7/3/

2017

13/0

3/20

17

17/0

3/20

17

23/0

3/20

17

29/0

3/20

17

4/4/

2017

11/4

/201

7

19/0

4/20

17

25/0

4/20

17

2/5/

2017

8/5/

2017

15/0

5/20

17

19/0

5/20

17

25/0

5/20

17

31/0

5/20

17

6/6/

2017

12/6

/201

7

16/0

6/20

17

22/0

6/20

17

28/0

6/20

17

4/7/

2017

11/7

/201

7

RESOURC

CONSUMP

AGRO

Source: SETSMART

SET index classified by industry

Unit: percent

11

15,0

79,2

72

15,6

62,6

33

13,7

92,0

13

14,6

86,0

74

14,9

62,0

71

14,3

64,5

85

14,5

89,7

97

14,7

42,7

71

15,0

79,2

72

15,5

17,9

73

15,3

43,5

15

15,4

91,4

97

15,4

74,2

33

15,4

69,3

37

15,6

12,7

55

15,6

62,6

33

1,543 1,579 1,445 1,524 1,548 1,483 1,496 1,510 1,543 1,577 1,560 1,575 1,566 1,562 1,575 1,579

100

600

1,100

1,600

0

5,000,000

10,000,000

15,000,000

20,000,000

2016

2017

(YTD

)

Jun

16

Jul 1

6

Aug

16

Sep

16

Oct

16

Nov

16

Dec

16

Jan

17

Feb

17

Mar

17

Apr

17

May

17

Jun

17

Jul 1

7

SET Market capitalization and SET index Unit: Market cap.(million THB) (LHS); Index (RHS)

Market Activities

SET Market Cap Index

High 15,730,282(Jun, 27)

1,591.00(Jan 26, 17)

Low 15,099,014(Mar 13, 17)

1,535.51(Mar 13, 17)

Average 15,662,663

%YTD 3.87% 2.36%

2017 (YTD)

425,

364

317,

141

337,

010

382,

584

378,

830

362,

722

379,

484

394,

945

425,

364

335,

866

331,

510

324,

089

320,

679

318,

952

320,

280

317,

141

616 566 527

589 585 552 576 599

616 646 613 597

577 569 566 566

50150250350450550650750

0

100,000

200,000

300,000

400,000

500,000

2016

2017

(YTD

)

Jun

16

Jul 1

6

Aug

16

Sep

16

Oct

16

Nov

16

Dec

16

Jan

17

Feb

17

Mar

17

Apr

17

May

17

Jun

17

13 J

ul 1

7

2016

2017

(YTD

)

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

13 J

ul

mai Market capitalization and mai index

Source: SETSMART, data as of Jul 13, 2017.12

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

%YTD 3.87% 2.36%

mai Market Cap Index

High 436,825

(Jan 5, 17)

646.02

(Jan 31, 17)

Low 303,573

(Mar 15, 17)

545.63

(May 15, 17)

Average 325,775

%YTD -25.44% -8.20%

2017 (YTD)

616.27

565.73

518.40 527.35597.45 565.71 568.88 568.59

565.73

400

500

600

700

800

8,000

10,000

12,000

14,000

50,245

43,884 45,168 44,910 48,337

1,542.941,579.41

1,407.70 1,444.99 1,575.111,574.74

1,561.66 1,574.741,579.41

1,200

1,600

2,000

50,000

60,000

70,000

80,000

SET average daily trading value and SET Index

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 periodUnit: Trading value (million THB (LHS); Index (RHS) Unit: Trading value (million THB) (LHS); Index (RHS)

Market Activities

2,2812,297

1,371 1,9022,528

2,165 2,2132,164

1,498

0

100

200

300

400

0

2,000

4,000

6,000

8,000

2016

2017

(YTD

)

Q1/

2016

Q2/

2016

Q1/

2017

Q2/

2017

May

17

Jun

17

1 -13

Jul 1

7

43,884 45,168 44,910 48,337

39,924 40,781 40,572 39,072

0

400

800

20,000

30,000

40,000

50,000

2016

2017

(YTD

)

Q1/

2016

Q2/

2016

Q1/

2017

Q2/

2017

May

17

Jun

17

1 -13

Jul 1

7

SET and mai(THB million)

2016 2017(YTD)

H1/2016 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Apr 17 May 17 Jun 17 1-13Jul 17

Average daily trading value % YOY

52,52618.56%

46,181-3.18%

46,669-2.16%

46,540-14.40%

46,81215.42%

61,30348.96%

55,08434.22%

50,8659.29%

42,089-10.09%

40,132-8.18%

42,994-4.46%

42,73615.70%

40,570-35.73%

Source: SETSMART

13

28,265 22,500 24,687 25,505 32,565 30,138 25,797 19,798 25,185 20,708 18,179 20,140 20,723 17,219

13,43313,710 11,828 11,681

16,068 14,04114,352

13,03215,778

13,456 12,915 13,578 12,601 13,821

5,3045,204 4,731 4,779

6,0675,606

5,6084,778

5,6364,600 4,566 4,737 4,980 5,269

5,5234,766 5,294 4,846

6,6045,299

5,1074,481

5,6374,426

4,472 4,539 4,433 4,262

Average daily trading value and trading proportion classified by investor types

Unit: million THB

Average daily

Market Activities

53.81% 48.72% 53.05% 54.48% 53.12% 54.71% 50.72% 47.04% 48.21% 47.95% 45.30% 46.84% 48.49% 42.44%

25.57% 29.69% 25.42% 24.95% 26.21% 25.49% 28.22% 30.96% 30.21% 31.16% 32.18% 31.58% 29.49% 34.07%

10.10% 11.27% 10.17% 10.21% 9.90% 10.18% 11.03% 11.35% 10.79% 10.65% 11.38% 11.02% 11.65% 12.99%10.52% 10.32% 11.37% 10.35% 10.77% 9.62% 10.04% 10.65% 10.79% 10.25% 11.14% 10.56% 10.37% 10.50%

2016 2017

(YTD)

Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Feb 17 Mar 17 Apr 17 May 17 Jun 17 1 - 13

Jul 17Local Investors Foreign Investors Local Institutions Proprietary Trading

14

Unit: percent

53,52653,526 46,18146,181 46,54046,540

Average daily

trading value 46,81246,812

Source: SETSMART, Data as of Jul 13, 2017

61,30361,303 50,86550,86555,69355,693 52,23652,236 44,25844,258 40,13240,132 42,99442,994 42,73642,73642,08942,089 40,57040,570

Market Activities

-61,314

16,02249,973

-4,681

Local Investors Foreign Investors Local Institutions Proprietary Trading

Unit: million THB

Net trading position classified by investor type (YTD)

Unit: million THB

78,546 16,022 18,398 17,580 97,293

-54,725

6,371 6,652 5,454

-628

2,999

2016 2017

(YTD)

Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 May 17 Jun 17 1 - 13

Jul 17

Source: SETSMART; Data as of Jul 13, 2017 15

Local Investors Foreign Investors Local Institutions Proprietary Trading

Net trading value of foreign investors

Market Activities

SET10

SET11-30

SET31-50

SET51-100

Non SET100 and mai

Proportion of trading value by market cap

Unit: percent , data as of Jul 13, 2017

28% 25%37% 30% 25% 23% 24% 25% 24% 29%

21% 18%

22%20% 22% 21% 18% 17% 16%

19%

9%11%

13%12% 11% 8% 11% 12% 12%

12%12% 13%

11%13% 13% 12% 12% 14% 15%

14%

30% 33%18% 25% 30% 35% 35% 32% 33% 26%

Proportion of trading value by sector

Unit: percent , data as of Jul 13, 2017

Source: SETSMART

46,540Daily average trading value (Unit: million THB) 46,81246,181 61,303

16

18% 19% 17% 18% 14%22% 17% 20% 21% 20%

13% 12% 15% 13%14%

11%12% 12% 11% 14%

14% 10%20%

13% 13%10%

11% 8% 9% 9%

8%7%

7%8% 10% 8%

7% 6% 8% 8%

7%7%

5%7% 7% 8%

7% 6% 5% 7%6%

7%

4%5% 6% 7%

6% 7% 7%7%

5%5%

6%5% 6% 4%

5% 5% 5%4%

2%5%

2%2% 2% 3%

5% 3%3% 4%4% 3%

4%4% 4% 3% 3%

2%3% 2%

23% 27%19% 25% 25% 24% 27% 32% 27% 24%

2016 2017 (YTD) Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Jun 17 1 - 13

Jul 17

CommerceTransportation

Bank

Information & Communication Technology

Energy

Construction materialsFood & Beverage

Others

55,693 50,86553,526 42,089

FinanceConstruction

42,736 40,570

Market Activities

Type Yearly % YoY Quarterly Monthly

2016 2016 (6M) 2017 (6M) 1/2016 2/2016 3/2016 4/2016 1/2017 2/2017 Apr 17 May 17 Jun 17

Initial Public Offering 52,781 10,551 32,296 206.09% 1,356 9,195 11,062 31,168 2,346 29,949 27,187 2,763 -

Secondary Offering 191,595 89,252 59,802 -33.00% 13,835 74,604 93,821 9,334 25,314 34,489 1,868 20,288 12,333

- Public Offering 1,339 - 1,351 n.a. - - - 1,339 - 1,351 - - 1,351

- Private Placement 12,277 10,022 25,137 150.82% 8,484 724 1,712 1,357 21,038 4,100 936 533 2,631

- Convertible Bond - - - n.a. - - - - - - - -

- Warrant 63,705 53,052 4,269 -91.95% 1,713 51,339 7,445 3,209 1,740 2,529 869 517 1,143

- Right Offering 114,272 26,178 29,046 10.95% 3,637 22,541 84,663 3,430 2,536 26,509 63 19,238 7,208

Grand Total 244,375 99,803 92,098 -7.72% 15,191 83,799 104,883 40,502 27,660 64,438 29,055 23,050 12,333

Unit: million THBFund raising value

new IPOs:

--no IPO in Jun 2017--

Source: SET; Data as of July 4, 2017 17

Accumulated 6 month fund raising value 2017

Grand Total 244,375 99,803 92,098 -7.72% 15,191 83,799 104,883 40,502 27,660 64,438 29,055 23,050 12,333

Accumulated fund raising value in Jun 2017

Property

42,850

Resources

21,954

mai

10,606Financials

6,189

Industrials

4,602Services

3,850

Technology

1,340

Others

708Property

4,690

Resources

500

mai

537

Financials

5,507Industrials

552

Services

11

Technology

459

Others

76

Number of active investors and active rate* Unit: No. of accounts (LHS); % active rate (RHS)

Market Activities

311,907 335,302286,189

305,768 330,045375,550 404,088 389,320

394,105370,530 336,901 384,835 366,720 358,135

323,271351,170

26.2% 25.7%22.4% 23.7% 25.4%

28.8% 30.7% 29.3% 29.6% 27.6%24.9%

28.2% 26.6% 25.7%23.1%

24.8%

0%

10%

20%

30%

40%

0

200,000

400,000

600,000

800,000

clients active rate

Source: SET; Note: 1. 12-month average 2. December info

* calculated by number of active accounts / total accounts; active account is account which trade at least once a month

** Data as of July 4,2017 18

0%0

2015 2016 Apr 16 May 16 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17

2015 20162016 2017

May Jun Jul** Aug Sep Oct Nov Dec Jan Feb Mar Apr May

Number of investors (accounts) 1,244,9072 1,353,2252 1,289,698 1,301,988 1,305,560 1,318,586 1,330,666 1,331,512 1,344,897 1,353,225 1,364,720 1,376,839 1,391,818 1,402,234 1,414,331

% YoY of Number of accounts 13.3%2 8.7% 2 9.7% 9.4% 8.5% 8.5% 8.1% 7.3% 7.4% 8.2% 8.7% 9.3% 9.5% 9.6% 9.7%

Trading Value / Accounts

(Million baht)

2.872 3.182 2.65 3.38 3.08 3.39 3.27 3.22 3.43 2.59 3.03 2.71 2.77 2.11 2.57

% YoY of trading value / Accounts -10.8% 10.8% 11.1% 21.0% 20.5% 18.9% 8.0% 1.7% 26.0% -11.1% -8.7% -15.2% -30.7% -18.7% -2.9%

1 1

Market Activities

224,726 235,570 215,112 237,887 258,352 281,135 273,205 274,319 257,634234,997

269,618 257,421 251,161 244,579 244,637

16% 5% 3% 9% 13% 22% 33% 34% 21% 15% 43% 38% 17% 10%14%

-100%

0%

100%

200%

300%

0

100,000

200,000

300,000

2015 2016 May 16 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17

Number of active internet investor’s account Unit: No. of accounts (LHS); %YoY (RHS)

1 1

Internet Trading Value Unit: million THB (LHS); %YoY (RHS)

Source: SET; Note: 1. monthly average value 2. calculated by average of monthly internet trading value / average of monthly total trading value Active internet

investors is account which trade at least once a month. ; Data as of July 4, 2017.

19

339,746 372,805272,660

391,807 410,638493,252 427,125 428,821 478,158

320,529425,657

325,478 320,370204,788

285,124

-2% 10% 18% 27% 37% 42% 26% 22%56%

12% 41% 13% -22% -18% 5%-200%-100%0%100%200%300%

0

200,000

400,000

600,000

2015 2016 May 16 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17

% Internet trading value 20152 20162 May 16 Jun 16 Jul 16 Aug 16* Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17

Comparing with total trading value (%) 37.9 34.9 33.7 35.1 35.5 36.0 33.6 33.7 37.6 36.7 36.5 32.8 32.3 30.0 31.6

Comparing with trading value of local investors,

excludes local institution (%)

64.0 64.9 64.3 61.7 63.9 66.3 67.6 63.6 63.4 67.5 66.0 68.0 67.3 66.3 67.4

Internet Trading Value

1 1

Fund type

2015 2016 Mar 17 Apr 17 May 17 Jun 17

Equity Fund 979,386 1,141,779 1,139,723 1,164,935 1,161,882 1,160,173 1.6% 24.5%

Fixed Income Fund 2,239,040 2,508,995 2,534,270 2,570,563 2,565,819 2,555,240 1.8% 54.0%

Mixed Fund 115,564 297,695 296,512 303,258 317,573 329,930 10.8% 7.0%

Property Fund 286,408 287,629 288,089 288,610 291,218 292,951 1.9% 6.2%

Infrastructure fund 219,767 235,937 235,455 244,400 244,372 242,735 2.9% 5.1%

Others 134,796 87,511 130,132 133,839 142,517 154,024 76.0% 3.3%

Net asset value

End of year End of Month%YTD % proportion

Asset under management

Market Activities

Unit: million THB; as of Jun 30, 2017

Others 134,796 87,511 130,132 133,839 142,517 154,024 76.0% 3.3%

Total 3,974,960 4,559,545 4,624,181 4,705,605 4,723,381 4,735,052 3.8% 100.0%

Domestic Equity Fund (Exclude Vayupak Fund) 519,973 619,808 626,208 626,448 629,362 633,129 2.1% 54.6%

Vayupak Fund 233,207 328,726 347,677 345,249 345,268 338,789 3.1% 29.2%

Foreign Equity Fund 226,206 193,245 191,050 193,238 187,253 188,255 -2.6% 16.2%

Total 979,386 1,141,779 1,164,935 1,164,935 1,161,882 1,160,173 1.6% 100.0%

Long-Term Equity Fund (LTF) 277,313 337,392 330,412 328,914 328,812 330,810 -2.0% 28.5%

Retirement Mutual Fund - Equity (RMFEQ) 54,209 73,467 75,909 75,800 76,166 77,876 6.0% 6.7%

Trigger Equity Fund 20,610 18,859 15,182 14,345 12,308 9,553 -49.3% 0.8%

Other Equity fund 394,047 383,334 398,183 400,627 399,328 403,146 5.2% 34.7%

Vayupak Fund 233,207 328,726 345,249 345,249 345,268 338,789 3.1% 29.2%

Total 979,386 1,141,779 1,164,935 1,164,935 1,161,882 1,160,173 1.6% 100.0%

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 20

Average daily trading contract classified by instruments

Unit: contracts; Data as of Jul 13, 2017

2016 2017

(YTD)

%YOY3 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 %QOQ4 Jun 17 %MOM5 1 - 13

Jul 17

SET50 Index Futures1

131,938 94,131 -28.66% 120,229 142,120 126,844 100,757 90,324 -10.35% 101,655 24.94% 71,340

SET50 Index Options 1,757 2,993 70.28% 1,358 2,305 2,008 2,450 3,151 28.61% 3,433 29.90% 6,012

Single Stock Futures 138,634 170,742 23.16% 107,834 214,386 159,796 189,815 157,628 -16.96% 179,539 22.16% 121,271

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.

Market Activities: TFEX

Single Stock Futures 138,634 170,742 23.16% 107,834 214,386 159,796 189,815 157,628 -16.96% 179,539 22.16% 121,271

50 Baht Gold Futures 747 665 -10.93% 659 478 1,083 693 622 -10.25% 764 55.44% 774

10 Baht Gold Futures1

11,155 11,335 1.61% 11,699 10,523 10,190 9,093 13,209 45.27% 17,269 53.49% 14,654

Interest Rate Futures1

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

Silver Futures1- - n.a. - - - - - n.a. - n.a. -

Brent Crude Oil Futures1119 - n.a. 122 41 - - - n.a. - n.a. -

USD Futures1838 1,052 25.55% 524 758 1,084 907 1,244 37.16% 1,358 21.69% 734

Sector Index Futures1- - n.a. - - - - - n.a. - n.a. -

Agricultural Futures6, 71 34 2,870.09% 2 2 - 7 55 685.71% 101 96.70% 97

All Products2

285,189 280,952 -1.449% 242,426 370,614 301,006 303,721 266,234 -12.34% 304,119 24.70% 214,881

Source: SETSMART

each instrument.3 Calculated from the average daily trading

volume of year 2016 with year 2017 (YTD).4 Calculated from the average daily trading

volume in Q2/2017 with Q1/2017.5 Calculated from the average daily trading

volume in June 2017 compared with May

2017.6 TFEX ready for first agricultural trading

"RSS3 Futures" on Feb 15, 2016

21

600

700

800

MSCI ASEAN

6,500

7,000

7,500

8,000

UK: FTSE100

20,000

20,500

21,000

21,500

US: Down Jones

Appendix

Index movement

+9.0% YTD

+1.0% MTD

+14.0% YTD

0.2% MTD

Data as of Jun 13, 2017

+3.8% YTD

+1.4%MTD 600

1-Ja

n

1-Feb

1-M

ar

1-Apr

1-M

ay

1-Ju

n

1-Ju

l

1,500

1,600

1-Ja

n

1-Feb

1-M

ar

1-Apr

1-M

ay

1-Ju

n

1-Ju

l

TH: SET

17,000

18,000

19,000

20,000

21,000

1-Ja

n

1-Feb

1-M

ar

1-Apr

1-M

ay

1-Ju

n

1-Ju

l

JP: Nikkei

3,000

3,200

3,400

3,600

3,800

1-Ja

n

1-Feb

1-M

ar

1-Apr

1-M

ay

1-Ju

n

1-Ju

l

CN: SHSZ300

6,500

1-Ja

n

1-Feb

1-M

ar

1-Apr

1-M

ay

1-Ju

n

1-Ju

l19,500

20,000

1-Ja

n

1-Feb

1-M

ar

1-Apr

1-M

ay

1-Ju

n

1-Ju

l

22

+1.0% MTD0.2% MTD

+5.2% YTD

+0.3% MTD

+ 11.4% YTD

+0.5% MTD

+1.4%MTD

+2.4% YTD

+0.3%MTD

Source: Bloomberg

0

1,0002,0003,0004,000

Rubber

1,000

1,100

1,200

1,300

Gold

30

40

50

60

Crude oil

Appendix

Commodities price movement

-14.2% YTD

+0.1% MTD

+ 6.1% YTD

-1.9%MTD

+ 16.0%YTD

+1.0% MTD

Data as of Jul 13, 2017

(USD/barrel)(USD/ounce) (TOCOM rubber index)

800

1,000

1,200

1,400

1,600

Dec

-16

Jan-

17

Feb

-17

Mar

-17

Apr

-17

May

-17

Tapioca

5

10

15

20

25D

ec-1

6

Jan-

17

Feb

-17

Mar

-17

Apr

-17

May

-17

Jun-

17

Sugar

350

400

450

500

Dec

-16

Jan-

17

Feb

-17

Mar

-17

Apr

-17

May

-17

Jun-

17

Thai white rice

0

Dec

-16

Jan-

17

Feb

-17

Mar

-17

Apr

-17

May

-17

Jun-

17

1,000

Dec

-16

Jan-

17

Feb

-17

Mar

-17

Apr

-17

May

-17

Jun-

17

30

Dec

-16

Jan-

17

Feb

-17

Mar

-17

Apr

-17

May

-17

Jun-

17

23

+0.1% MTD-1.9%MTD +1.0% MTD

+11.3% YTD

-9.8% MTD

(USD/metric ton) (cents/ pound) (THB/metric ton)

-23.4% YTD

-0.2% MTD

Source: Bloomberg, Office of Agricultural Economics

-27.1% YTD

-13.3% MTD

Appendix

Exchange rate movement

Data as of Jul 13, 2017

-1.9%

0.9% 2.3% 3.1% 4.3% 4.9% 5.0% 5.3%8.4%

+ = Appreciation against USD

%YTD

24

-1.9%

PHP IDR CNY JPY MYR GBP SGD THB EUR

Source: Bloomberg

%MTD

-0.8% -0.7%-0.2% -0.1% 0.0% 0.0%

0.0% 0.0% 0.1%

JPY GBP EUR PHP CNY THB IDR MYR SGD

Appendix 1 Market Statistics

As end of June 2017 2015 2016 2017 (YTD) Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Apr 2017 May 2017 Jun 2017

SET

SET Index 1,288.02 1,542.94 1,574.74 1,407.70 1,444.99 1,483.21 1,542.94 1,575.11 1,574.74 1,566.32 1,561.66 1,574.74

Market Dividend Yield (%) 3.36 3.04 3.09 3.38 3.29 3.19 3.04 3.13 3.09 3.14 3.11 3.09

Market P/E Ratio 1/ 22.57 18.55 16.32 20.65 21.96 21.76 18.55 17.38 16.32 17.32 16.18 16.32

Market P/BV 1.74 1.96 1.89 1.84 1.86 1.89 1.96 1.93 1.89 1.92 1.88 1.89

Total Turnover Value (M.Baht) 9,997,371.76 12,259,773 5,392,326.73 2,845,608.18 2,559,842.18 3,602,253.63 3,252,068.52 2,996,891.18 2,395,435.55 646,434.96 856,406.29 892,594.30

Daily Turnover Value (M.Baht) 41,141.45 50,245 45,168.38 44,909.51 58,100.87 52,452.72 48,336.95 39,923.93 38,025.59 40,781.25 40,572.47

Number of Listed Securities 1,646 7,207 1,962 1,709 1,781 1,838 1,879 1,891 1,962 1,906 1,910 1,962

Newly Listed Companies 22 11 5 1 - 4 6 2 3 2 1 -

Raising value of New Listed Securities (M.Baht) 2/ 179,880.20 135,864 99,550.21 4,320.00 8,148.00 31,230.00 92,166.02 4,620.60 94,929.61 83,878.94 11,050.67 -

Total value of Newly Listed Securities (M.Baht) 3/ 35,306.59 46,868 32,295.69 1,080.00 8,148.00 8,783.73 28,856.51 1,422.44 28,541.61 25,778.94 2,762.67 -

Delisted Listed Companies 9 8 3 1 1 4 2 1 2 - - 2

No. of Companies moved from mai to SET 3 1 1 - - 1 - 1 - - - -

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

Total Capitalization (M.Baht) 12,282,755 15,079,272.11 15,612,755.04 13,407,064.75 13,792,013 14,364,585 15,079,272.11 15,491,497 15,612,755 15,474,233 15,469,337 15,612,755

mai

mai Index 522.62 616.27 616.27 518.40 527.35 551.74 616.27 597.45 565.71 577.47 568.88 565.71

Market Dividend Yield (%) 1.00 1.24 1.24 1.66 1.60 1.47 1.24 1.44 1.53 1.45 1.53 1.53

Market P/E Ratio 1/ 52.94 63.27 63.27 58.62 62.11 60.31 63.27 90.93 92.13 94.13 90.78 92.13

Market P/BV 3.29 3.82 3.82 3.18 3.19 3.43 3.82 3.05 2.85 3.02 2.84 2.85

Total Turnover Value (M.Baht) 768,097.73 556,487 286,603.98 86,387.58 108,421.30 198,556.69 163,120.94 156,712.91 129,891.07 35,808.89 46,475.77 47,606.41 Total Turnover Value (M.Baht) 768,097.73 556,487 286,603.98 86,387.58 108,421.30 198,556.69 163,120.94 156,712.91 129,891.07 35,808.89 46,475.77 47,606.41

Daily Turnover Value (M.Baht) 3,160.90 2,280.68 2,349.21 1,371.23 1,902.13 3,202.53 2,630.98 2,527.63 2,164.85 2,106.41 2,213.13 2,163.93

Number of Listed Securities 166 1,047 192 167 175 527 178 184 192 185 183 192

Newly Listed Companies 13 13 2 1 4 4 4.00 - 2 2 - -

Raising value of New Listed Securities (M.Baht) 2/ 18,729.54 21,902 10,434.24 1,104.00 3,932.00 7,435.00 9,431.38 3,696.00 6,738.24 6,738.24 - -

Total value of Newly Listed Securities (M.Baht) 3/ 4,593.83 5,912 3,255.64 276.00 1,047.00 2,278.75 2,310.74 924.00 2,331.64 1,407.64 - -

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

No. of Companies moved from mai to SET 3 1 1 - - 1 - 1 - - - -

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

Total Capitalization (M.Baht) 323,478.44 425,364.18 98,565.26 326,122.79 337,010.33 425,364.18 425,364.18 96,583.13 98,565.26 97,884.27 98,287.89 98,565.26

Appendix 1 Market Statistics

As end of June 2017 2015 2016 2017 (YTD) Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Apr 2017 May 2017 Jun 2017

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% 100.00% 100.00%

Local Investors 59.21% 53.81% 49.08% 53.05% 54.48% 53.12% 54.71% 50.72% 49.08% 45.30% 46.84% 48.49%

Foreign Investors 22.20% 25.57% 29.44% 25.42% 24.95% 26.21% 25.49% 28.22% 29.44% 32.18% 31.58% 29.49%

Local Institutions 9.39% 10.10% 11.17% 10.17% 10.21% 9.90% 10.18% 11.03% 11.17% 11.38% 11.02% 11.65%

Proprietary Trading 9.20% 10.52% 10.31% 11.37% 10.35% 10.77% 9.62% 10.04% 10.31% 11.14% 10.56% 10.37%

Net Buying Position(M.Baht)

Local Investors 79,895.83 -104,054.06 -63,280.96 -26,756.76 -21,497.55 -58,811.23 3,011.49 -34,362.26 -28,918.70 -13,001.72 -5,407.11 -10,509.87

Foreign Investors -155,630.70 78,545.98 13,022.45 18,398.01 17,580.17 97,293.38 -54,725.58 6,370.85 6,651.60 1,826.11 5,453.92 -628.42

Local Institutions 82,133.01 132.09 51,434.87 -6,296.77 2,077.47 -41,078.31 45,429.70 28,422.95 23,011.92 7,389.73 3,232.11 12,390.08

Proprietary Trading -6,398.13 25,375.98 -1,176.36 14,655.51 1,839.92 2,596.16 6,284.39 -431.53 -744.83 3,785.88 -3,278.92 -1,251.79

Daily Turnover Value (M.Baht) 44,302.35 52,525.65 2,349.21 46,539.61 46,811.64 61,303.39 55,083.70 50,864.58 42,088.78 40,132.00 42,994.38 42,736.40

Total Capitalization (M.Baht) 12,606,233.14 15,504,636.29 15,711,320.30 13,733,187.54 14,129,023.30 14,789,948.76 15,504,636.29 15,588,080.06 15,711,320.30 15,572,117.26 15,567,624.66 15,711,320.30

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

3/ Calculated from IPO Price multiplies with IPO shares

set market report (june 2017) · set market report for june 2017 26 july 2017 netbuy / sell ... 15...

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