Singha Estate Public Company Limited (S) Plunged -1.2% on Feb 14

Shares of Singha Estate Public Company Limited (BKK:S) last traded at 3.28, representing a move of -1.2%, or -0.04 per share, on volume of 3.47 million shares. After opening the trading day at 3.32, shares of Singha Estate Public Company Limited traded in a close range. Singha Estate Public Company Limited currently has a total float of 6.85 billion shares and on average sees 7.48 million shares exchange hands each day. The stock now has a 52-week low of 2.68 and high of 4.1.

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 Singha Estate Public Company Limited 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 Singha Estate Public Company Limited.

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 Singha Estate Public Company Limited 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 notable recent Singha Estate Public Company Limited (BKK:S) news were published by: Bloomberg.com which released: “Bangkok’s Luxury Apartments Cost Less Than a Studio in Hong Kong – Bloomberg” on May 02, 2018, also Nytimes.com with their article: “Where to Find Bangkok’s Best Street Food While You Can – The New York Times” published on April 09, 2018, Economictimes.Indiatimes.com published: “Air India to start direct flights from Kolkata to Bangkok, Jaipur – Economic Times” on October 03, 2018. More interesting news about Singha Estate Public Company Limited (BKK:S) were released by: Economictimes.Indiatimes.com and their article: “SpiceJet announces 2 new direct flights from Amritsar to Bangkok and Goa – Economic Times” published on September 25, 2018 as well as Forbes.com‘s news article titled: “Thailand’s Richest 2018: Skin-Whitening Craze Continues To Surge Across Asia – Forbes” with publication date: May 02, 2018.

Singha Estate Public Company Limited, together with its subsidiaries, develops and invests in real estate for rental and sale in Thailand and internationally. The company has market cap of $22.48 billion. It also engages in the hospitality and related business. It has a 14.08 P/E ratio. The firm sells land, as well as single detached houses and condominium units.

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 FREE daily email newsletter.