Jasmine Telecom Systems PCL (JTS) Is Yet to See Trading Action on Oct 17

October 17, 2017 - By Marie Mckinney

Shares of Jasmine Telecom Systems PCL (BKK:JTS) closed at 1.91 yesterday. Jasmine Telecom Systems PCL currently has a total float of 706.46M shares and on average sees 1.42 million shares exchange hands each day. The stock now has a 52-week low of 1.51 and high of 2.98.

Thailand’s Rise To Economic Power

By 2019, Asia is widely expected to make up roughly 26% of the global financial wealth. The same expectations share Jasmine Telecom Systems PCL and its stocks. This massive growth is primarily driven by thriving Asian nations such as Thailand.

Although the unforgettable 1997 Asian Financial Crisis had sparked from Thailand’s foreign currency woes, Asia has gone a long way from there particularly because of Thailand as well.

1997 Asian Financial Crisis

The 1997 Asian Financial Crisis is a historical downfall from where many lessons can be learned. Since then, Thailand has been well-positioned to stay as competitive as bigger countries such as China and Japan.

Indonesia, Singapore, and Thailand had suffered a lot from the 1997 Asian Financial Crisis. The least affected Asian nations include Brunei, China, Singapore, Taiwan, and Vietnam.

Gradually, all of these nations had recouped, leading Asia to where it is now. It can be seen by the number of investors who want to work with Jasmine Telecom Systems PCL. The recovery can be largely attributed to the compelling equity markets in the region.

Thai Equity Market

The Stock Exchange of Thailand (SET) is the primary stock exchange in Thailand. As of January 31, 2015, nearly 600 companies are already listed on the SET. Consequently, as of the said date, it has a total market capitalization of $460 billion.

It may not be as large as other Asian stock exchanges but it is equally full of potentials. The SET is also the first stock exchange in Asia to join the United Nations (UN) Sustainable Stock Exchanges initiative.

Pre-market morning trading on the SET starts at 9:30 a.m., lasting for 25 minutes to 30 minutes. As soon as it ends, the regular morning trading starts, lasting until 12:30 p.m. There is an hour and a half break before the pre-market afternoon trading starts at 2:00 p.m., lasting for 25 minutes to 30 minutes. As soon as it ends, the regular afternoon trading starts, lasting until 4:30 p.m. Post-market trading immediately follows, lasting for 30 minutes to 40 minutes.

The SET Index, Thailand’s main index, was founded on April 30, 1975, which also serves as its base date. It measures all SET stocks based on market capitalization using the base value of 100 points. The same goes for Jasmine Telecom Systems PCL stocks.

The SET Index features two sub-indices: 1) SET50, which tracks the top 50 companies on the SET; and 2) SET100, which tracks the top 100 companies on the SET.

There are numerous sectors in the SET50. However, the three biggest sectors include the Energy, Materials, and Transporation sectors. The SET50 is revised twice a year, specifically every December and January. All the changes made during these periods reflect on the first session in January and July, respectively.

The SET50 has a base value of 1,000 points, which had been determined on itd publication day in August 1995. It had reached an all-time low of 636.07 points in October 2011; and an all-time high of 1,079.78 points in May 2013.

Entering Asian equity markets is highly recommended nowadays. As for that of Thailand, there is no better time to invest on SET stocks than today.

More news for Jasmine Telecom Systems PCL (BKK:JTS) were recently published by: Reuters.com, which released: “UPDATE 1-Thai Jasmine loses 4G licence after missed payment” on March 21, 2016. Reuters.com‘s article titled: “Thai telecom firm Jasmine faces tough quest for financing-analysts” and published on February 03, 2016 is yet another important article.

Jasmine Telecom Systems Public Company Limited is a Thailand information and communication technology company. The company has market cap of $1.35 billion. The Firm operates following business divisions: design and installation of telecommunication systems, covering access network, transmission network and others; rental of public telephones, involving maintenance and installation of public payphones for TOT Public Company Limited; distribution of telecommunication testing equipment; design and installation of computer systems, and design and installation of security systems. It has a 65.61 P/E ratio.