Thai Rayon Public Company Limited (TR) Jumps 5.36% on Feb 14

February 14, 2018 - By wolcottdaily

Shares of Thai Rayon Public Company Limited (BKK:TR) last traded at 59, representing a move of 5.36%, or 3 per share, on volume of 1,300 shares. After opening the trading day at 59.75, shares of Thai Rayon Public Company Limited traded in a close range. Thai Rayon Public Company Limited currently has a total float of 201.59 million shares and on average sees 62,368 shares exchange hands each day. The stock now has a 52-week low of 41 and high of 61.5.

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 Thai Rayon Public Company Limited 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 Thai Rayon Public Company Limited 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 Thai Rayon Public Company Limited 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 Thai Rayon Public Company Limited.

More notable recent Thai Rayon Public Company Limited (BKK:TR) news were published by: Reuters.com which released: “Thai Rayon posts qtrly net profit of 612.3 million baht” on November 14, 2017, also Reuters.com with their article: “Thai Rayon says qtrly net profit 791 million baht” published on August 15, 2017, Reuters.com published: “Thai Rayon Pcl posts FY net profit 2.33 billion baht” on May 26, 2017. More interesting news about Thai Rayon Public Company Limited (BKK:TR) were released by: Reuters.com and their article: “Thai Rayon posts Q3 net profit 459.3 million baht” published on February 14, 2017 as well as Reuters.com‘s news article titled: “Thai Rayon updates on temporary production cut on environmental grounds” with publication date: December 06, 2016.

Thai Rayon Public Company Limited manufactures and sells viscose rayon staple fiber and anhydrous sodium sulphate products in Thailand. The company has market cap of $11.89 billion. It offers viscose rayon staple fiber that is used in textile and non-woven applications under the Birla Cellulose brand name; and anhydrous sodium sulphate for use in detergent, pulp, glass, leather, and textile industries, as well as makes and sells pulp. It has a 4.68 P/E ratio. The firm also exports its products.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: