CH Karnchang PCL (CK) Increases 1.83% on Nov 18

November 18, 2017 - By Vivian Park

Shares of CH Karnchang PCL (BKK:CK) last traded at 27.75, representing a move of 1.83%, or 0.5 per share, on volume of 9.31M shares. After opening the trading day at 27.5, shares of CH Karnchang PCL traded in a close range. CH Karnchang PCL currently has a total float of 1.69 billion shares and on average sees 7.79M shares exchange hands each day. The stock now has a 52-week low of 26 and high of 32.25.

SET Index: A Small But Terrible Index

Almost two decades after the Asian Financial Crisis of 1997, Asia has grown to become an economic powerhouse. And CH Karnchang PCL is proud to work there. That time, almost all Asian nations had suffered vastly— especially Hong Kong, Indonesia, Laos, Malaysia, Philippines, South Korea, and Thailand. Even if the meltdown had begun with Thailand’s financial woes, the country has since then emerged victorious in the recovery process, successfully overcoming all the economic challenges.

Thailand is one of today’s fastest growing economies, thanks to the Stock Exchange of Thailand (SET). It may not yet be as experienced and as large as other stock exchanges in Asia but it is surely full of potentials that can facilitate further economic progress. There is no doubt that with a constant growth CH Karnchang PCL and others will expand its lists of investors.

The SET

The SET was formed in April 1975 to serve as Thailand’s main stock exchange. More than 500 companies are already listed on it as of January 2015, bringing its total market valuation to almost $500 billion. Interestingly as well, the SET has made Thailand as the first Asian country to join the Sustainable Stock Exchanges initiative of the United Nations (UN).

The pre-market trading on the SET opens at 9:00 a.m. and lasts for 25 to 30 minutes. The regular trading immediately follows and lasts until 12:30 p.m. Before the regular trading resumes, there is another pre-market trading that opens at 2:00 p.m. and lasts for 25 to 30 minutes. Then, the regular trading immediately resumes and lasts until 4:30 p.m. As soon as the market closes, the post-market trading opens and lasts for 30 to 40 minutes. Investors are catching up with CH Karnchang PCL at this time.

The SET Index

The SET Index was established a few days after the foundation of the SET in April 1975. Its base value of 100 points had also been established on that day.

The SET Index is a broad representation of the Thai equity market, paving way to the establishment of investible sub-indices: 1) SET100; and 2) SET50. The former monitors the 100 most active companies on the SET while the latter monitors the 50 most active companies. A stock cannot be included in the SET50 if it is not included in the SET100.

First published in August 1995, the SET50 has a base value of 1,000. Like its parent indices, it measures stocks based on market capitalization. Rebalancing of the components occur every December and June every year. The changes made then take effect on the first trading day of the following months, respectively.

The components of the SET50 are classified into various sectors. The biggest sectors include Transportation, Materials, and Energy.

In October 2011, the SET50 had posted its all-time low of 636.07. In May 2013, it had posted its all-time high of 1,079.78.

The potentials of the Thai equity market cannot be underestimated. The same goes for its growth prospects. By 2019, Asia is widely believed to account for more than a quarter of the global financial wealth; and Thailand is surely one of the reasons behind that success. Consequently, investors are strongly urged to invest on SET stocks today. Some of them prefer to invest in CH Karnchang PCL.

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: Bloomberg.com and their article: “For Thailand, the Future Draws Nearer” published on February 27, 2017 as well as Reuters.com‘s news article titled: “Pressure mounts to delay “dangerous” $3.5 billion Mekong” with publication date: April 19, 2011.

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 $47.01 billion. The businesses focus on construction of large-scale infrastructures, building complex and general civil works. It has a 28.65 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.