LH Financial Group PCL (LHBANK) Plunged -0.58% on Nov 12

November 12, 2017 - By Linda Rogers

Shares of LH Financial Group PCL (BKK:LHBANK) last traded at 1.72, representing a move of -0.58%, or -0.01 per share, on volume of 5.19M shares. After opening the trading day at 1.73, shares of LH Financial Group PCL traded in a close range. LH Financial Group PCL currently has a total float of 21.18 billion shares and on average sees 13.38 million shares exchange hands each day. The stock now has a 52-week low of 1.69 and high of 1.85.

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 LH Financial Group 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 LH Financial Group 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 LH Financial Group 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 important recent LH Financial Group PCL (BKK:LHBANK) news were published by: Reuters.com which released: “UPDATE 1-Thailand’s LH Financial in talks on stake sale in group, LH Bank” on December 11, 2014, also Reuters.com published article titled: “Thailand’s LH Bank aims for double-digit profit growth in 2016”, Reuters.com published: “Thai Land and Houses chairman quits after police summons on money laundering” on May 22, 2017. More interesting news about LH Financial Group PCL (BKK:LHBANK) was released by: Reuters.com and their article: “Former Land and Houses chairman charged as money laundering probe widens” with publication date: June 05, 2017.

LH Financial Group Public Company Limited is a Thailand holding company. The company has market cap of $36.44 billion. It is primarily engaged in the holding of financial business group in order to provide various forms of financial services and to acquire their management control. It has a 9.89 P/E ratio. The Firm makes investments in financial securities, such as debt instruments, and conducts business transactions with other companies within its group.