Siam Steel Service Center Public Co. Ltd (SSSC) Dipped -1% on Sep 9

September 9, 2017 - By Adrian Mccoy

Shares of Siam Steel Service Center Public Co. Ltd (BKK:SSSC) last traded at 3.98, representing a move of -1%, or -0.04 per share, on volume of 324,200 shares. After opening the trading day at 4, shares of Siam Steel Service Center Public Co. Ltd traded in a close range. Siam Steel Service Center Public Co. Ltd currently has a total float of 640.00M shares and on average sees 505,577 shares exchange hands each day. The stock now has a 52-week low of 3.35 and high of 4.96.

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 Siam Steel Service Center Public Co. Ltd 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 Siam Steel Service Center Public Co. Ltd. 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 Siam Steel Service Center Public Co. Ltd 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 recent Siam Steel Service Center Public Co. Ltd (BKK:SSSC) news were published by: Nytimes.com which released: “How Singapore Is Creating More Land for Itself” on April 20, 2017. Also Economictimes.Indiatimes.com published the news titled: “Why old vehicles need to be given a clean and timely burial, and how” on May 25, 2016. Economictimes.Indiatimes.com‘s news article titled: “Maruti’s dominance, small car bias & global issues make India a tough market …” with publication date: June 03, 2017 was also an interesting one.

Siam Steel Service Center Public Company Limited is a Thailand firm engaged in manufacturing of accessories made from steel, building structures and providing steel cutting services. The company has market cap of $2.55 billion. The Company’s clients are in various industries, including construction, automobile, electric and electronic equipment, furniture and others. It has a 10.92 P/E ratio. The Company’s products are mainly used in construction as roofing, sliding, flooring, flashing, space frame, steel panel and structural steel materials.