SET Indices Semi-Annual Index Changes

Following on from the FTSE changes , here are the SET’s changes to the SET50, SET100 and SETHD indices. Here’s the summary and the official announcement below:

SET50 Inclusion: BEM, GPSC, KCE & MTLS
SET50 Exclusion: ITD, JAS, M & SCCC

SET100 Inclusion: BCH, COM7, ERW, GLOBAL, IFEC, JWD, MTLS, TRC & TVO
SET100 Exclusion: EARTH, JAS, M, PLAT, SAMTEL, SCCC, SCN, TICON & UV

SETHD Inclusion: ANAN, BJCHI, BLAND, KTC, STPI, TASCO, TTCL & TVO
SETHD Exclusion: BEM, JAS, LH, PTT, PTTEP, SAMTEL, SCCC & TICON

SET50 Index (SET50): 4 companies to be added as index constituents are Bangkok Expressway and Metro Pcl. (BEM), Global Power Synergy Pcl. (GPSC), KCE Electronics Pcl. (KCE) and Muangthai Leasing Pcl. (MTLS), resulting in a combined market capitalization of the SET50 index worth THB 8.61 trillion, accounting for 69 percent of the total SET’s market capitalization (as of May 31, 2016).

SET100 Index (SET100): There will be 9 additions to the index, namely Bangkok Chain Hospital Pcl. (BCH), COM7 Pcl. (COM7), The Erawan Group Pcl. (ERW), Siam Global House Pcl. (GLOBAL), Inter Far East Energy Corporation Pcl. (IFEC), JWD Infologistics Pcl. (JWD), Muangthai Leasing Pcl. (MTLS), TRC Construction Pcl. (TRC), and Thai Vegetable Oil Pcl. (TVO), resulting in a combined market capitalization of the SET100 index worth THB 9.72 trillion, accounting for 78 percent of the total SET’s market capitalization (as of May 31, 2016).

SET High Dividend 30 Index (SETHD): 8 companies will be added to the index, consisting of Ananda Development Pcl. (ANAN), BJC Heavy Industries Pcl. (BJCHI), Bangkok Land Pcl. (BLAND), Krungthai Card Pcl. (KTC), STP&I Pcl. (STPI), Tipco Asphalt Pcl. (TASCO), TTCL Pcl. (TTCL) and Thai Vegetable Oil Pcl. (TVO), resulting in an average dividend yield of the SETHD of 4.74 percent, higher than SET’s average dividend yield of 3.00 percent (between March and May 2016).

Source: SET

FTSE Index SET Rebalance

These changes are effective today!

   – FTSE Small-Cap (+) CPTGF, GVREIT, AMATAV, CGD, TPBI, LPH, CRANE // (-) IMPACT, PLAT, BEAUTY, ORI, LHSC, NOBLE, CNT, PAP, LEE, TR, SE-ED, TGPRO, RICH, CEN
        – FTSE Mid-Cap (+) SPRC, IMPACT, TKN, PLAT, BEAUTY // (-) KTIS, THRE, CGD
       – FTSE Large-Cap  none

        – FTSE SET Fledgling Index (+) CTW, TSTE, HTC, SIAM, UPOIC, TLHPF, PRANDA, TGPRO, RICH, CEN, MFC, MIT// (-) WHART, TREIT, M-CHAI, TOG, CRANE
       – FTSE SET Shariah Index
(+) PS, KCE, SPRC, VNG, ANAN, JWD, TPBI, FORTH, LPH, BR, AJD, PREB, AQUA, PDI, UMI // (-) SUPER, TPIPL, SCI, PM, AIT, SYNNEX, CNT, PAP, TR, SE-ED, TGPRO

Stocks in the news (chow, ivl, lpn, pylon, scn, spcg, susco, takuni, ticon, tpbi, tsr, tta, uac) 16.06.26

CHOW
CHOW got EPC project from Primo energy for a 10MW solar farm. (FUKUI project, valued at Bt3bn.) (Khao Hoon, 16/06/16)
IVL
IVL plans to cooperate with Dhunseri, expects this to expand its PET market in India. It expects a decision to be finalized by 2016. It expects 2016 outlook to be good after its capacity reaches 9mn tons. It expects significant growth in 2016 net profit and revenue. (Thun Hoon, 16/06/16)
Comment: I’m looking forward to seeing what else they put in their 2Q16 numbers
 
LPN
LPN expects 2Q16 earnings to mark a record high. It expects 2H16 earnings to be better than 1H16 aided by Bt5bn in transfers and Bt5.8bn backlog. It expects 2016 sales to reach Bt17.6bn. It plans to launch 10-12 projects this year. (Khao Hoon, 16/06/16)
Comment: Well if 2Q is indeed the high, then it should be near THB 6 bn in revenues, otherwise they will have a tough time at matching last years revenue numbers 
 
PYLON
PYLON got a Bt150mn foundation project, expects to sign the contract soon. This raises its backlog to Bt750mn. It plans to take part in Bt2bn bids. It expects 2016 revenue to reach Bt1.2bn as targeted, backed by transfers. (Thun Hoon, 16/06/16)
SCN
SCN expects 2016 revenue to grow 40% thanks to higher demand for NGV. It is budgeting Bt1bn for business expansion. It expects a 5MW cooperative solar farm to start up by the end of this year. (Khao Hoon, 16/06/16)

Continue reading Stocks in the news (chow, ivl, lpn, pylon, scn, spcg, susco, takuni, ticon, tpbi, tsr, tta, uac) 16.06.26

Interview: Thai Union Plc (TU)

TU pursues global leadership through innovation and sustainability

Thai Union Group Plc is one of the world’s largest seafood producers and exporters. President and CEO Thiraphong Chansiri discusses the company’s strategy and outlook.

TU

 

 

 

 

 

 

TU and yourself have received many awards including “Best Managed Company” from Asia Money, “Best Corporate Governance” from Finance Asia, and “Best CEO” from Institutional Investor. What are the key reasons for this?

Since we listed on the Stock Exchange of Thailand in 1994 we have aimed to be a very transparent organisation for all of our stakeholders. By being transparent, we can ensure that our stakeholders, including management, employees, partners, suppliers and shareholders, clearly understand the long-term goal to be a trusted global seafood company. As a result, we have been able to under-promise and over-deliver on the targets that TU has set over the past two decades, and we hope to continue doing so into the future.

As the company has grown since listing 1994, how has management evolved with it?

The management has evolved continuously because each new target, challenge and market requires new and additional skill sets, experience and thinking. We aim to drive growth via three key strategies: organic growth by means of adding value to our existing products; food innovations; and mergers and acquisitions.

In the past few years we have strengthened our management team with international executives who have the global experience to ensure that the ability of our team is able to drive the company towards its 2020 target of achieving US$8 billion in revenues while still ensuring sustainability and innovation.

TU has been active with mergers and acquisitions. What is the strategy behind this?

In 2015, we invested in three new businesses: Orion Seafood International, a major lobster supplier in the United States; a joint venture with Savola Foods Company, the largest food company in the Middle East, and most recently, an investment in Ruegen Fisch, the leading shelf-stable and chilled seafood company in Germany. Each one of these businesses is part of our M&A strategy because it adds either a new product category, a new region, or a combination of both.

How does TU approach innovation as a group?

We have been active in innovation with our culinary development team of more than 200 food scientists, chefs, recipe developers and other cuisine and food processing experts who develop a range of more than 4,000 different recipes and products each year. However, since December 2014 we have been taking innovation a step further with a dedicated Global Innovation Incubator. Today it employs 70 scientists who are purely dedicated to research, developing new ideas, creating new products and new product categories.

Continue reading Interview: Thai Union Plc (TU)