CH Karnchang PCL (CK) Dips -0.88% on Aug 30

August 30, 2017 - By Peter Erickson

Shares of CH Karnchang PCL (BKK:CK) last traded at 28.25, representing a move of -0.88%, or -0.25 per share, on volume of 5.07M shares. After opening the trading day at 28.5, shares of CH Karnchang PCL traded in a close range. CH Karnchang PCL currently has a total float of 1.69B shares and on average sees 7.71 million shares exchange hands each day. The stock now has a 52-week low of 24.3 and high of 32.5.

Thailand’s Recovery From 1997 Asian Financial Crisis

Thailand has long been gradually growing as one of the best economies Asia has. It supports a lot of companies like CH Karnchang PCL with many new clients. With its own efforts geared towards a fast-paced economy growth, Asia is able to thrive.

Thailand’s Role in the 1997 Asian Financial Crisis

Amid the setbacks it had put Asia through, the 1997 Asian Financial Crisis nonetheless served as a trampoline that facilitated an enormous jump in the Asian economy from the ground up.

The turmoil had started in Thailand after the national currency fell. As a result, the country had suffered from bankruptcy due to the lack of foreign currency support. What was originally a national economy dilemma rippled to other parts of Asia, greatly shaking the economies of Indonesia and South Korea as well. Hong Kong, Laos, Malaysia, and Philippines had also been affected. Lessons from this crisis were lifechanging for a lot of businesses at the market, including CH Karnchang PCL.

The Recovery

Eventually, Thailand and all of Asia had been able to recover from the repercussions that the 1997 Asian Financial Crisis brought. Specifically, equity and foreign exchange markets in Asia had been able to stabilize, slowly leading the region to a much-needed healing.

The Stock Exchange of Thailand (SET), just like how Thailand had played an important role in the dilemma, had also played a major role in the recoup process. Until now, it is helping not only the country but the entire Asian economy to grow further, efficiently offsetting the losses accumulated in the past.

The SET is the primary stock exchange in Thailand. Founded on April 18, 1975, it is one of the youngest stock exchanges in Asia. Despite this, the SET has already proven itself to be as valuable as any major stock exchanges in the world.

The pre-market morning session on the SET starts at 9:30 a.m., and ends anytime between 9:55 a.m. and 10:00 a.m. The regular morning session starts anytime between 9:55 a.m. and 10:00 a.m., and ends at 12:30 p.m. Meanwhile, the pre-market afternoon session starts at 2:00 p.m., and ends anytime between 2:25 p.m. and 2:30 p.m. The regular afternoon session starts anytime between 2:25 p.m. and 2:30 p.m., and ends at 4:30 p.m. Lastly, the post-market session starts at 4:30 p.m., and ends anytime between 5:00 p.m. and 5:10 p.m.

The SET Index is the benchmark index weighing all the stocks listed on the SET. It is too broad of an economic indicator, which is why it is divided into two sub-indices: the SET50 and the SET100. This structure make the work of CH Karnchang PCL easy. The former tracks the 50 biggest stocks on the SET while the latter tracks the 100 biggest stocks. A stock needs to be included in the SET100 before it is included in the SET50.

The SET50 was first published in August 1995. It measures stocks using a base value of 1,000. Its rebalancing happens semi-annually every December and June.

Thailand is home to endless growth potentials, making it ideal for investors to penetrate the Thai equity market today.

More notable recent CH Karnchang PCL (BKK:CK) news were published by: Reuters.com which released: “Thai Ch Karnchang group offers lowest bid for dual-track railway project” on December 08, 2015, also Reuters.com with their article: “UPDATE 1-Thai subway, tollway operators to close $2.4 bln merger in Q3” published on January 22, 2015, Reuters.com published: “Work restarts at Xayaburi dam in Laos -project leader” on August 16, 2012. More interesting news about CH Karnchang PCL (BKK:CK) were released by: Reuters.com and their article: “Thailand signs two dual-track railway deals worth $933.2 million” published on December 24, 2015 as well as Bloomberg.com‘s news article titled: “For Thailand, the Future Draws Nearer” with publication date: February 27, 2017.

CH Karnchang Public Company Limited is a Thailand firm engaged in the provision of construction services and investment in infrastructures. The company has market cap of $47.85 billion. The businesses focus on construction of large-scale infrastructures, building complex and general civil works. It has a 29.17 P/E ratio. Besides construction business, the Company also invests in the government’s concession projects, such as the construction and operation of Sri Rat expressway, underground mass transit Chaloem Ratchamongkhon line, and portable water for communities within Nakorn Pathom and Samut Sakorn provinces, Thailand and the design, construction and operation of hydroelectric power plant in the Lao People’s Democratic Republic.