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Daily report Friday, May 31, 2024 PDF Free Download

Daily report Friday, May 31, 2024 PDF free Download. Think more deeply and widely.

InnovestX Research
Daily report
Friday, May 31, 2024
The Thai capital market is expected to be range-bound with no new factor to
influence. However, 2Q24 profit is expected to improve for many companies, which
will support the SET. We recommend “Selective Buy” with three main themes:
1) Stocks expected to benefit from a recovery in manufacturing, especially
in China, whose profits have passed bottom but whose stock price has yet to reflect
the good picture – KCE, SCGP and PTTGC.
2) Stocks whose 2Q24 net profit is expected to grow YoY and QoQ, with
attractive valuations– MINT, ADVANC, TU, BEM, CPF, BTG, OSP and TIDLOR.
3) The easing of tension in the Middle East, has led Brent down to the lower
bound of US$80-90/bbl, which is seen as an opportunity to hedge. For high risk
takers, we recommend an upstream oil stock – PTTEP. Follow the OPEC+ online
conference on June 2 regarding oil production policy.
The SET recovered from support of 1340, but
negative sentiment from US stock markets after
second estimate of 1Q24 US GDP failed to meet
expectations and the wait for US PCE will limit
recovery to resistance between 1355-1360;
support is at 1340. A fall below this is a bad sign.
Recovery still limited
Today’s highlights
Trading today
1340/1330 – 1355/1360
SCGP: The company benefits from recovery of manufacturing, especially in
China. Although 2Q24 profit is expected to weaken QoQ due to seasonal factors,
profit is expected to grow in 2Q24, supported by higher prices and demand for
paper packaging. 2024 core profit is expected to turn around to grow 27.6% to
Bt6.6bn.
GPSC: The lower US bond yield is sentimentally positive. We believe its year
worst is past and profit will come back gradually as natural gas cost comes down.
We forecast 2Q24 core profit growth both YoY and QoQ from lower fuel cost and
higher profit share from Avaada and CFXD.
In the short term the SET is range-bound, with nothing to
influence direction. The first economic cabinet meeting ended
with no new stimulus. Economic data is expected to slow down.
Externally, follow US April PCE, which is expected to already be
in the market, and China manufacturing April PMI, which is
expected to improve after a steady influx of stimulus. 1Q24
profit globally was still good; although growth was small in Thai
companies, 2Q24 is expected to be better, giving support to
the SET from 3Q24. Our strategy is “Selective Buy”.
• 1Q24 US GDP (second estimate) expanded by 1.3%, lower than
the initial estimate of 1.6%, hurt by slowing consumer spending.
Initial jobless claims rose to 219,000 last week, higher than
market expectations.
• WTI oil prices fell 1.67% yesterday after the EIA reported larger-
than-expected increases in gasoline and distillate inventories,
indicating slowing fuel demand.
• Former President Donald Trump was found guilty for falsifying
documents related to hush money payments before the 2016
presidential election. This blurs US politics.
• Some regional authorities in China advised companies to slow
down purchase
s of foreign currencies, indicating China is
about to take additional measures to prevent capital outflows
amid a weakening yuan.
• China exported a record amount of soybean meal as a
reduction in swine numbers and weak pork demand led
processors to export surplus feed to other countries.
• Salesforce Inc fell 19.7% yesterday after reporting a miss in
1Q24 revenue and lower 2Q24 revenue guidance than
expected, as customers spent on its cloud products.
•
The Energy Policy Administration Committee decided to
maintain the diesel price subsidy at Bt1.40/litre to preserve Oil
Fund liquidity. This will raise
retail diesel price by another
Bt0.50/litre to Bt32.94/litre, effective May 31.
Market today
Strategy today
The SET was
range-bound
with low trading
volume and no
catalyst.
The SET
followed the
region down on
concerns the
Fed will keep
interest rates
high for longer.
The SET was
pushed down by
politics and
external worries.
The SET
followed the
region down
plus felt
pressured by
politics.
The SET swung,
falling on open
before clawing
back up on buy-
back at close.
Daily report
Friday, May 31, 2024
Today’s reports
What to watch
SET Index movement
SET Index series
Trading summary by investor type
S50 futures trading by foreign investors
Bond trading by foreign investors
Residential Property – Looking for a better 2Q24F
ACE – Appetite for green players remains low
(Btmn)
30-May
WTD
MTD
YTD
Buy
2,140 5,126 59,239 321,537
Sell
4,206
6,890
40,877
357,221
Net
(2,065) (1,764) 18,362 (35,684)
(Contract)
30-May
WTD
MTD
YTD
Foreign
(26,151)
(70,408)
(49,287)
(23,724)
Institution 2,873 948 472 (2,585)
Customer
23,278
69,460
48,815
26,309
Date Event
28 May Economic release:
US – Consumer confidence by
Conference Board for May
29 May
Economic release: JP – Consumer confidence for May
30 May
Economic release:
EU – Unemployment rate for Apr
US – Prelim GDP for 1Q24, unemployment claims, crude oil
inventories
31 May
Economic release: JP – Prelim industrial production for
Apr, retail sales for Apr, unemployment rate for Apr
CN – Manufacturing and non-manufacturing PMI for May
EU - CPI flash estimate for May
US – Core PCE price index, personal income and spending
for Apr
(Btmn)
30 May
WTD
MTD
YTD
Foreign
Net
(1,373) (7,667) (12,649) (78,062)
Breakdown (%)
54.46
54.03
53.06
53.73
Institution
Net
752
1,116
5,342
(820)
Breakdown (%)
8.04 8.44 8.52 9.09
PropTrade
Net
(668)
623
3,001
(1,951)
Breakdown (%) 7.08 6.62 6.56 6.80
Individual
Net 1,289 5,928 4,306 80,833
Breakdown (%)
30.42
30.91
31.86
30.39
Index
30 May
Chg
Chg
Value
(pts)
(pts)
(%)
(Btmn)
SET
1,351.52 1.69 0.13 43,760.18
SET50
830.37
0.79
0.10
27,431.32
SET100
1,835.76 1.53 0.08 33,361.87
sSET
874.20
2.10
0.24
3,469.64
SETCLMV
823.77
1.08
0.13
16,857.09
SETHD 1,108.47 3.95 0.36 10,028.24
SETESG
876.68
0.51
0.06
29,315.53
SETWB 823.31 2.64 0.32 11,366.23
mai
380.16
(1.41)
(0.37)
1,009.37
800
1,000
1,200
1,400
1,600
1,800
2,000
Jan-17
Jun-17
Nov-17
Apr-18
Sep-18
Feb-19
Jul-19
Dec-19
May-20
Oct-20
Mar-21
Aug-21
Jan-22
Jun-22
Nov-22
Apr-23
Sep-23
Feb-24
Jul-24
Dec-24
PE Band
(pts)
13.0x
14.4x
15.8x
17.2x
18.6x
20.0x
Page 3
Market update
Global market movement
Index Chg (pts) 1D WTD MTD YTD 24F 25F 24F 25F 24F 25F 24F 25F
S&P 500 5,235 (31.47) (0.6) (1.3) 4.0 9.8 21.4 18.9 10.5 13.0 4.3 3.9 18.4 19.2
Euro Stoxx 600 517 3.05 0.6 (0.8) 2.3 7.8 14.3 13.2 (3.6) 8.4 2.0 1.8 13.0 13.3
Japan 38,054 (502.74) (1.3) (1.5) (0.9) 13.7 22.0 20.0 33.5 10.4 2.0 1.9 9.1 9.5
Hang Seng 18,230 (246.82) (1.3) (2.0) 2.6 6.9 9.0 8.5 7.0 6.7 1.0 0.9 10.5 10.3
MSCI Asia x J 686 0.00 0.0 (0.8) 3.6 6.9 13.8 12.0 23.6 15.3 1.6 1.4 11.1 11.7
Philippines 6,372 (39.66) (0.6) (3.7) (4.9) (1.2) 10.9 10.0 16.5 8.9 1.4 1.3 12.4 12.6
Indonesia 7,034 (106.09) (1.5) (2.6) (2.8) (3.3) 13.0 11.0 40.9 18.1 1.8 1.6 13.5 13.5
Malaysia 1,604 (1.09) (0.1) (0.9) 1.8 10.3 14.4 13.3 0.9 7.8 1.3 1.3 9.4 9.6
Thailand 1,352 1.69 0.1 (0.9) (1.2) (4.5) 14.7 13.0 11.1 12.7 1.3 1.2 9.0 9.6
Asean 4 - simple avg. (0.5) (2.1) (1.8) 0.3 13.2 11.8 17.3 11.9 1.4 1.4 11.1 11.3
China 3,092 (19.34) (0.6) 0.1 (0.4) 3.9 11.4 10.3 21.9 10.6 1.2 1.1 10.2 10.7
India 73,886 (617.30) (0.8) (2.0) (0.8) 2.3 21.0 18.3 25.5 14.5 3.2 2.9 15.2 15.7
Singapore 3,323 0.18 0.0 0.2 0.9 2.6 10.7 10.3 5.4 3.1 1.1 1.0 9.9 10.0
Taiwan 21,364 (298.02) (1.4) (0.9) 4.7 19.1 18.9 16.2 32.7 16.4 2.6 2.4 13.8 14.6
Korea 2,635 (41.86) (1.6) (1.9) (2.1) (0.7) 10.4 8.5 64.3 23.5 0.9 0.8 8.8 10.1
Others (0.9) (0.9) 0.5 5.4 14.5 12.7 30.0 13.6 1.8 1.7 11.6 12.2
30-May
Performance (%) PE (x) EPS gth (%) PBV (x) ROE (%)
Regional sector movement
Price performance (%) *
30-May WoW MoM YTD
Banking (0.39) (0.82) (1.21) (3.72)
Chemicals 0.00 (1.13) (0.16) 3.07
Construction Mat. (0.14) (1.06) (0.59) (2.68)
Consumer Products 1.65 (1.82) (5.47) (1.03)
Health Care (1.05) (0.95) 1.76 0.62
Oil, Gas & Coal (0.73) 0.03 (5.02) (5.57)
Real Estate 0.25 (1.53) 10.22 (12.01)
Retail - Consumer Staples 1.65 (1.82) (5.47) (1.03)
Telecommunications 0.20 (1.79) 5.21 22.51
Transportation 1.63 2.42 6.25 2.55
(2.0) (1.5) (1.0) (0.5) 0.0 0.5 1.0 1.5 2.0
Health Care
Oil, Gas & Coal
Banking
Construction Mat.
Chemi cals
Telecommunications
Real Estate
Tra nsportation
Consumer Products
Retail - Consumer Staples
Regional Thailand
* Regional sector price performances (%) are based on US$ and Thai sector price performances (%) are based on baht
Thailand sector movement
Price performance (%)
30-May WoW MTD YTD
Banking (0.57) (1.32) (1.07) (5.07)
Commerce 0.88 (2.32) (5.05) (5.64)
Construction Materials (0.11) (2.71) (3.02) (14.16)
Energy & Utilities (0.18) (0.51) (2.59) (7.36)
Food & Beverage 1.01 0.56 3.56 3.30
Health Care (1.49) (3.29) (3.77) (1.81)
ICT 0.61 (0.03) 4.68 4.00
Petrochemicals 0.70 (3.39) (2.11) (8.06)
Property 0.14 (0.71) (6.45) (8.52)
Transportation 0.87 (1.22) (0.68) 4.96
SET 0.13 (1.19) (1.20) (4.54)
SET50 0.10 (1.56) (0.91) (5.13)
MAI (0.37) (0.32) (3.82) (7.64)
(2.0) (1.5) (1.0) (0.5) 0.0 0.5 1.0 1.5
Health Care
Banking
mai
Energy & Utilities
Construction Materials
SET50
SET
Property
ICT
Petrochemicals
Transportation
Commerce
Food & Beverage
(% Change 1 day)
10 Most active stocks by value Top 10
g
ainers Top 10 losers
Stock Price Value Chg
(Bt) (Btmn) (%)
KBANK 131.00 1,859.64 (1.13)
EA 22.20 1,639.25 (3.90)
PTT 33.00 1,372.70 0.76
BBL 137.50 1,359.36 (1.08)
BDMS 27.25 1,315.07 (1.80)
AOT 64.00 1,050.08 0.79
DELTA 73.00 1,030.41 (0.34)
SCB 106.00 1,022.44 (0.47)
CPALL 57.50 1,020.79 1.32
STA 23.50 996.06 (0.84)
Stock Price Value Chg
(Bt) (Btmn) (%)
TFI 0.09 0.12 12.50
SRICHA 10.30 31.92 7.85
PLUS 8.25 94.94 7.84
GRAND 0.14 0.02 7.69
WAVE 0.14 0.65 7.69
GRAMMY 5.80 0.86 7.41
III 8.05 34.65 7.33
JCK 0.45 35.06 7.14
ACG 1.20 0.17 7.14
SA 7.65 7.81 6.99
Stock Price Value Chg
(Bt) (Btmn) (%)
TWZ 0.04 0.23 (20.00)
TSI 0.10 0.00 (9.09)
CPT 0.83 1.73 (8.79)
DTCI 29.00 0.04 (8.66)
PTECH 6.05 0.00 (6.92)
ROCK 12.20 0.03 (6.87)
SLP 0.42 0.39 (6.67)
KWI 0.59 0.40 (6.35)
WFX 1.77 3.20 (6.35)
TPCS 13.40 0.28 (6.29)
Page 4
Fund flow monitor
Regional foreign fund flows to equit
y
(US$ Mn) Thailand Indonesia Philippines Malaysia Vietnam India Taiwan South Korea Japan
Daily
30-May-24 (37) (73) (14) (53) (1,550) (537)
29-May-24 (97) (102) (13) (67) (65) (517) (930) (798)
28-May-24 (45) (37) (14) (38) (45) 257 (21) 105
27-May-24 (29) (82) (8) (37) (21) 84 91 (56)
24-May-24 (23) 3 (16) (60) (113) 316 (231) 525
Weekly
WTD (209) (294) (49) (142) (184) (177) (2,411) (1,287) 525
24-May-24 (134) (87) (9) 101 (152) 370 1,620 152 525
17-May-24 143 (94) 50 186 (84) (920) 3,693 232 1,594
10-May-24 (43) (187) (53) 203 (124) (2,083) 951 1,015 4,242
3-May-24 (59) (194) (291) 222 (12) (117) 1,096 474 1,756
Monthly
MTD (344) (876) (84) 436 (557) (3,150) 3,777 106 8,117
Apr-24 108 (1,141) (412) (288) (239) (1,097) (4,828) 1,794 19,808
Mar-24 (1,145) 506 (46) (609) (456) 4,016 (93) 3,816 (14,157)
Mar-24 (1,145) 506 (46) (609) (456) 4,016 (93) 3,816 (14,157)
YTD (2,169) (331) (334) (38) (1,358) (2,889) 3,678 14,089 38,330
Thailand daily foreign net flows
EquityFuturesBond
3,566
832 105
(3,150)
(1,014) (835) (1,071) (1,660)
(3,562) (1,373)
15,820 13,825
(9,455)
(22,068)(15,962)
4,511 15,187
(29,700)(29,744) (26,151)
1,084
(144)
8,324
596
(459)
63
(576) (196)
1,073
(2,065)
16-May
17-May
20-May
21-May
23-May
24-May
27-May
28-May
29-May
30-May
Equity SET50 futures Bond
(Btmn) (Contract) (Btmn)* (Btmn)
Daily
30-May-24 (1,373) (26,151) (4,345) (2,065)
Weekly
WTD (7,667) (70,408) (11,699) (1,764)
24-May-24 (4,894) (42,974) (7,258) 8,525
17-May-24 5,212 49,362 8,398 3,939
10-May-24 (1,597) 7,442 1,284 2,567
3-May-24 (2,170) 15,892 2,674 8,423
Monthly
MTD (12,649) (49,287) (8,039) 18,362
Apr-24 3,914 19,636 3,421 (25,469)
Mar-24 (41,314) 102,406 17,387 (9,018)
Feb-24 2,862 (3,311) (487) (15,327)
Quarterly
QTD (8,736) (29,651) (4,618) (7,106)
1Q24 (69,326) 5,927 937 (28,578)
4Q23 (35,319) 73,626 13,162 21,611
3Q23 (50,031) (123,844) (22,416) (26,109)
2Q23 (50,263) (85,648) (15,901) (7,364)
YTD (78,062) (23,724) (3,681) (35,684)
2023 (192,490) (243,096) (47,380) 10,930
2022 202,694 158,183 32,589 213,107
Foreign net flow and SET movement SET50 and its foreign ownership (excluding NVDR)
1,250
1,300
1,350
1,400
1,450
1,500
1,550
1,600
1,650
1,700
(250,000)
(200,000)
(150,000)
(100,000)
(50,000)
0
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec -23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
(SET Index)
Fore ign Acc um ul ate (1Yea r)
SET Index
(Foreign Accumulate - Btmn)
22
25
28
31
34
800
850
900
950
1,000
1,050
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
SET50 Index (LHS)
% Foreign Ownership (RHS)
(pts) (%)
Foreign buy/sell activity monitor
Most foreign holding value change Top-5 NVDR net buy/sell
Fgn hld
(%)
∆ Fgn
(M.shares)
Buy*
(Btmn)
Fgn hld
(%)
∆ Fgn
(M.shares)
Sell*
(Btmn)
KBANK 43.39 0.77 101 AOT 8.34 (1.95) (125)
CPF 24.31 3.85 89
BDMS 26.23 (4.51) (123)
WHA 16.49 9.37 50 AOT 8.34 (1.95) (125)
RCL 6.40 1.60 48
CPN 18.75 (1.62) (95)
DELTA 93.99 0.59 43 PTTEP 13.69 (0.42) (65)
SCB 19.07 0.40 43
PTT 8.39 (1.88) (62)
TOP 18.32 0.81 42 HMPRO 12.39 (3.26) (31)
COM7 8.03 2.08 37
SCC 9.96 (0.10) (25)
MTC 4.60 0.59 27 GULF 35.84 (0.49) (20)
BCH 12.91 1.21 23
CRC 14.51 (0.45) (14)
Buy*
(Btmn)
Sell*
(Btmn)
EA 121 SCB (290)
BTS 108
MINT (232)
WHA 101 BBL (229)
PRM 93
AOT (228)
LH 66 KBANK (133)
TTA 55
BDMS (114)
CPALL 47 GULF (84)
GLOBAL 42
PTTEP (80)
CPN 41 DELTA (76)
GFPT 37
TTB (71)
* InnovestX Research estimates
Page 5
Multi-asset price update
Key indicator update
Close 30-May WoW MoM YoY YTD
Financial market condition
VIX Index 14.47 1.33 13.31 -7.54 -19.34 16.22
Europe CDS (bps) 52.33 -0.36 0.82 -3.37 -29.47 -6.25
LIBOR OIS Spread (bps) 0.00 0.00 0.00 0.00 -27.64 0.00
TED Spread (bps) 0.20 -0.18 0.63 0.26 7.22 -6.02
Exchange rate
Dollar Index 104.74 -0.36 -0.29 -1.47 0.49 3.32
USD/THB 36.69 -0.27 0.22 -1.20 6.14 6.75
EUR/USD 1.08 0.27 0.18 1.54 1.38 -1.86
USD/JPY 156.77 -0.53 -0.07 -0.57 12.54 11.18
Bond: (Change in basis points)
TH Gov Bond 2Y 0.02 0.15 -1.60 1.82 29.43 4.55
TH Gov Bond 10Y 0.03 1.01 0.49 4.93 32.75 13.35
US Gov Bond 2Y 0.05 -5.81 0.02 -10.40 48.49 66.67
US Gov Bond 10Y 0.05 -6.97 7.72 -12.98 87.86 66.15
Commodities
CRB Index 551.27 0.13 0.46 0.93 1.81 8.02
Gold (US$/oz) 2342.80 0.18 0.63 2.50 19.40 13.58
Gross Refining Margin (US$/bbl) 2.42 -19.33 -14.49 -33.33 -49.37 -61.53
Dubai Crude (US$/bbl) 84.15 0.39 0.60 5.63 12.31 8.82
NYMEX Crude (US$/bbl) 77.91 -1.67 1.35 -4.91 14.42 60.84
Baltic Dry Index (pts) 1801.00 0.61 0.28 6.88 84.34 -13.99
Thai and US 10-year government bond yield Thai and US 10-year government bond spread
0.0
1.0
2.0
3.0
4.0
5.0
6.0
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
TH GB10Y
UST 10Y
(%)
(2.2)
(2.0)
(1.8)
(1.6)
(1.4)
(1.2)
(1.0)
(0.8)
(0.6)
(0.4)
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Avg = -1.46
(pts)
+1SD = -1.24
-2SD = -1.91
+2SD = -1.01
-1SD = -1.68
THB/USD exchange rate Regional foreign exchange rate spot return
30.0
31.0
32.0
33.0
34.0
35.0
36.0
37.0
38.0
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Avg = 35.64
(THB/USD)
+1SD = 36.42
-2SD = 34.09
+2SD = 37.2
-1SD = 34.86
(1.5) (1.0) (0.5) 0.0 0.5 1.0
South Korean Won
In donesian Rupiah
Taiwan Dollar
Philippines Peso
Hong Kong Dollar
Malaysian Ringgit
In dian Rupee
Singapore Dollar
Offshore Deliverable CNY
China Renminbi
Thai Baht
Japanese Yen
(% Change 1 day)
Gold Brent crude
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
2,400
2,500
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Avg = 2046.89
(US$/Troy ounce)
+2SD = 2353.72
-2SD = 1740.07
+1SD = 2200.31
-1SD = 1893.48
50
60
70
80
90
100
110
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Avg = 84.08
(US$/bbl)
+2SD = 95.76
-2SD = 72.39
+1SD = 89.92
-1SD = 78.23
Page 6
Commodities daily price update
As of -1W Avg. Price % % Avg. Price % Avg. Price % Update
30-May-24 % QTD in 1Q24 QoQ YoY in '23 YoY in '24 YoY
CRB Index 551.27 0.9 531.09 (0.1) (3.8) 546.31 (7.81) 531.09 (2.8)
Daily
Energy Prices
Crude Oil - Dubai (US$/bbl) 83.89 0.7 83.51 (0.4) 5.0 81.93 (15.62) 83.51 1.9
Daily
Brent Crude (US$/bbl) 81.14 (0.5) 84.23 0.0 3.7 82.60 (18.40) 84.23 2.0
Daily
West Texas Int. Cushing (US$/bbl) 77.91 (1.7) 78.89 0.6 (2.8) 77.59 (17.93) 78.89 1.7
Daily
Crude Oil - Asia-Pacific Tapis Oil Spot (US$/bbl) 86.75 0.8 88.19 (1.1) 8.6 86.52 (19.56) 88.19 1.9
Daily
Natural Gas Henry Hub (US$/mmBTU) 2.57 (9.0) 2.50 (19.3) (30.2) 3.34 (17.74) 2.50 (25.1)
Daily
Coal Price NEX (US$/MT) 141.79 (1.1) 132.33 (3.0) (50.1) 178.13 (51.19) 132.33 (25.7)
Friday
Oil Product Prices and Gross Refinery Margin
Gas Oil 500 ppm Sulfer Singapore (U$/bbl) 94.13 (0.6) 100.05 (4.4) (5.4) 103.11 (21.20) 100.05 (3.0)
Daily
Gas Oil - Dubai (US$/bbl) 10.24 (10.5) 16.54 (20.6) (36.9) 21.18 (37.25) 16.54 (21.9)
Daily
Gasoline, 92 RON Spot (US$/bbl) 94.13 2.9 100.05 (4.4) (5.4) 103.11 (21.20) 100.05 (3.0)
Daily
Gasoline - Dubai (US$/bbl) 10.24 25.1 16.54 (20.6) (36.9) 21.18 (37.25) 16.54 (21.9)
Daily
Fuel Oil 180 Singapore Spot (US$/bbl) 79.54 (1.1) 73.49 (29.8) 17.3 70.05 (12.98) 73.49 4.9
Daily
Fuel Oil - Dubai (US$/bbl) (4.35) 53.3 (10.02) (22.3) (40.5) -11.88 (28.43) (10.02) (15.7)
Daily
Jet Kerosene - Spot Price (US$/bbl) 95.65 (0.1) 101.24 (6.2) (5.7) 105.01 (16.72) 101.24 (3.6)
Daily
Jet Kerosene - Dubai (US$/bbl) 11.76 (5.4) 17.73 (26.3) (36.4) 23.08 (20.38) 17.73 (23.2)
Daily
SG Refinery Margin (US$/bbl) 2.42 (14.5) 5.47 (42.7) (33.7) 6.86 95.65 5.74 -16.224
Daily
Olefins Product Prices and Spread
Ethylene, FOB Japan Spot (US$/MT) 825 0.0 880 (3.3) 2.4 835 (16.61) 880 5.4
Tuesday
Ethylene Spread (US$/MT)
143
(4.5) 192 321.1 20.1 181 (14.77) 192 6.3 Daily
Propylene (Olefins), FOB Japan Spot (US$/MT) 830 0.0 827 0.3 (10.4) 848 (14.27) 827 (2.6)
Tuesday
Propylene Spread (US$/MT) 148 (4.4) 139 (15.7) (37.8) 195 (3.11) 139 (28.6) Daily
Naphtha - Singapore Spot FOB (US$/MT) 682 1.0 688 4.3 (1.7) 654 (17.11) 688 5.2
Daily
Polyolefins Prices and Spread
Polye HDPE SE Asia (US$/MT) 1,020 0.0 1,026 10.7 (4.2) 1,033 (12.49) 1,026 (0.6)
Tuesday
HDPE-Naphtha Spread (US$/MT)
338
(2.0) 339 221.6 (8.9) 379 (3.18) 339 (10.6) Daily
Polye LDPE-Film, CFR SE Asia Spot (US$/MT) 1,150 0.9 1,113 8.8 (3.2) 1,053 (26.77) 1,113 5.7
Tuesday
LDPE-Naphtha Spread (US$/MT)
468
0.7 425 174.6 (5.6) 399 (38.51) 425 6.5 Daily
PP Film, Spot South East Asia (US$/MT) 1,010 0.0 998 3.9 (6.7) 999 (14.92) 998 (0.1)
Tuesday
PP Spread (US$/MT) 328 (2.0) 310 3.0 (16.1) 345 (10.45) 310 (10.1) Daily
MEG Prices and Spread
MEG, CFR South East Asia (US$/MT) 535 0.0 540 9.9 2.9 500 (14.40) 540 7.9
Tuesday
MEG Spread (US$/MT) 24 0.0 -5 (85.9) (31.6) -17 (52.64) -5 n.m. Tuesday
Aromatics Product Prices and Spread
Paraxylene, FOB USG Spot (US$/MT) 1,110 1.4 1,101 (63.6) 0.2 1,103 (12.51) 1,101 (0.2)
Tuesday
Paraxylene Spread (US$/MT)
401
2.5 396 4.2 (7.3) 411 (7.19) 396 (3.7) Tuesday
Paraxylene - 92 RON Spread (US$/MT) 307 (2.5) 248 26.9 25.5 224 54.61 248 10.8 Daily
Toluene, FOB Korea Spot (US$/MT) 890 0.0 900 4.0 2.8 892 (7.35) 900 0.9
Tuesday
Benzene, CFR Japan Spot (US$/MT) 1,080 1.9 1,039 12.7 9.6 918 (13.13) 1,039 13.2
Tuesday
Benzene Spread (US$/MT)
448
3.0 425 26.7 26.6 344 (6.34) 425 23.6 Daily
Benzene - 92 RON Spread (US$/MT) 277 (1.0) 186 546.3 298.1 38 (164.71) 186 383.0 Daily
Condensate (US$/MT)
709
0.7 706 (0.4) 4.9 692 (15.39) 706 1.9
Daily
PTA Prices and Spread
PTA, CFR South East Asia (US$/MT)
805
1.3 789 1.4 (1.7) 802 (9.43) 789 (1.5)
Tuesday
PTA Spread (US$/MT) 61 (0.1) 51 4.7 (22.8) 62 55.13 51 (17.8) Tuesday
PVC Prices and Spread
PVC, CFR South East Asia (US$/MT)
810
0.0 790 (0.4) (12.2) 844 (26.72) 790 (29.2)
Tuesday
Ethylene Spread (US$/MT) 667 1.0 598 0.2 (19.1) 663 (29.41) 598 (9.9) Tuesday
Ethylene Dichloride CFR Far East Asia (US$/MT)
260
(14.8) 330 12.6 13.6 293 (45.94) 330 12.5
Tuesday
Metal
Gold (US$/Troy Ounce)
2,343
(3.2) 2,183 10.3 15.4 1,943 7.82 2,183 12.3
Daily
LME Copper 3 Month Rolling Forward (US$/MT)
10,475
(3.2) 9,099 10.2 1.6 8,526 (3.17) 9,099 6.7
Daily
Silver Future (US$/Troy Ounce)
31
(2.7) 26 7.1 30.5 23 (6.25) 26 11.2
Daily
China Composite Steel Prices (CNY/MT)
4,102
0.1 4,152 (1.4) (7.7) 4,259 (10.71) 4,152 (2.5)
Daily
Agriculture Prices
Malaysian Crude Palm Oil Spot Price(MYR/MT)
4,020
2.4 4,035 9.7 0.5 3,834 (25.34) 4,035 5.2
Daily
SGX Ribbed Smoked Sheet 3 (RSS3) Futures (US$/KG.)
229
1.8 221 32.4 36.7 159 (13.70) 221 39.0
Daily
Sugar #11 (US$/LB) 18 (2.2) 21 (11.6) 19.0 21 29.50 21 (2.8)
Daily
Freight Rate
Baltic Freight Index: BDIY 1,801 (1.5) 1,822 (10.6) 78.9 1,394 (27.83) 1,822 30.8
Daily
Baltic Supramax Index: BSI58 1,293 (6.4) 1,263 (2.3) 36.3 1,030 (48.65) 1,263 22.7
Daily
Source: Bloomberg
F
inancial L.P., TQ Professional, BANPU, BOT, Innovest
X
Researc
h
Page 7
Commodities daily chart update
CRB US Spot All Commodities Price Index Crude prices
460
480
50 0
52 0
540
560
580
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
De c-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(pts)
50
60
70
80
90
100
110
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
De c-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(US$/bbl
)
West Te xas Int
Brent
Dubai
SG Dubai Hydrocracking Refinery Margin Oil product prices
-5
0
5
10
15
20
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
Apr-24
May-24
(US$/bbl)
0
20
40
60
80
100
120
140
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
Jet Kerosene Gas Oil
Gasoline Fuel Oil
(US$/bbl)
Coal price (NEX) Natural gas prices (Henry hub)
40
60
80
100
120
140
160
180
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
De c-23
Jan-24
Feb-24
Mar-24
Apr-24
Apr-24
May-24
(US$/MT)
1.4
1.9
2.4
2.9
3.4
3.9
May-23
Jun-23
Jul-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
De c-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
(US$/mmBTU)
Olefins prices Olefins spreads
700
750
800
850
900
950
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(US$/MT) Et hyl ene
Propylene
0
100
200
300
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
De c-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(US$/MT) Et hyl ene Spre ad
Propylene Spread
Aromatics prices Aromatics spreads
400
600
800
1,000
1,200
1,400
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
De c-23
Jan-24
Feb-2 4
Mar-24
Apr-24
May-24
May-24
(US$/MT) Par axyle ne
Benzene
0
100
200
300
400
50 0
600
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
De c-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(US$/MT) Par axyle ne Spread
Benzene Spread
Page 8
Commodities daily chart update
Polyolefins prices Polyolefins-Naphtha spreads
800
900
1,000
1,100
1,200
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(US$/MT
)
LDPE HDPE
PP
100
300
50 0
700
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(US$/MT) LDPE spread
HDPE Spread
PP Spread
PVC price PVC spread
600
650
700
750
800
850
900
950
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
De c-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(US$/MT)
200
250
300
350
400
450
50 0
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
De c-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(US$/MT)
Gold price LME copper price
1,100
1,300
1,500
1,700
1,900
2,100
2,300
2,500
May-23
Jun-23
Jul-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
(US$/Troy ounce)
6,000
6,500
7,000
7,500
8,000
8,500
9,000
9,500
10,000
May-23
Jun-23
Jul-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
(US$/MT)
Malaysian crude palm oil price Rubber price (RSS3) futures
2,700
3,200
3,700
4,200
4,700
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
De c-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(MYR/MT)
100
120
140
160
180
200
220
240
260
280
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(US$/kg)
Steel price index Baltic freight index
3,600
3,700
3,800
3,900
4,000
4,100
4,200
4,300
4,400
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(pts)
100
600
1,100
1,600
2,100
2,600
3,100
3,600
Jun-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
De c-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
May-24
(pts)
Source: Bloomberg Financial L.P., TQ Professional, BANPU, BOT, InnovestX Research
Page 9
Short sales
Volume Turnover Average price Last price Gap between last Short sale volume
(Shares) (Bt) (Bt) 30-May-24 close and short comparing with main board
AWC-R 17,534,100 67,369,648 3.84 3.88 (0.97) 40.11
DCC-R 2,906,700 5,493,845 1.89 1.93 (2.07) 37.34
GPSC-R 1,855,100 86,825,150 46.80 47.25 (0.94) 31.40
EKH 313,400 2,256,480 7.20 7.15 0.70 30.40
IRPC-R 9,192,000 17,383,912 1.89 1.90 (0.46) 30.11
KKP 488,600 24,775,125 50.71 51.25 (1.06) 29.52
TCAP 410,700 20,124,300 49.00 49.00 0.00 28.21
NOBLE 200,000 720,000 3.60 3.58 0.56 27.82
SIRI-R 10,181,200 16,371,732 1.61 1.62 (0.74) 27.49
PTG 1,863,400 15,704,760 8.43 8.50 (0.85) 26.87
SCAP 20,000 49,200 2.46 2.46 0.00 26.32
PTT 10,850,600 355,357,150 32.75 33.00 (0.76) 25.96
THANI 511,000 1,202,006 2.35 2.36 (0.33) 25.59
EPG 824,700 5,283,160 6.41 6.40 0.10 25.36
OR 2,123,800 37,809,710 17.80 17.80 0.02 24.94
PTTEP-R 1,170,300 181,561,050 155.14 155.00 0.09 24.85
KTC-R 1,451,900 65,044,575 44.80 45.50 (1.54) 23.77
IVL-R 3,079,300 72,449,550 23.53 23.70 (0.73) 23.68
THG-R 74,700 2,839,225 38.01 38.25 (0.63) 23.44
SSP 37,700 263,900 7.00 7.05 (0.71) 22.52
MBK 263,000 4,444,700 16.90 17.10 (1.17) 22.30
SCB-R 2,135,400 225,459,750 105.58 106.00 (0.39) 22.08
THANI-R 436,700 1,027,588 2.35 2.36 (0.29) 21.87
EGCO 79,500 8,540,600 107.43 107.50 (0.07) 21.53
SCC-R 577,600 136,140,000 235.70 238.00 (0.97) 20.52
TTB 47,960,100 81,722,271 1.70 1.71 (0.35) 20.48
SABINA 98,800 2,420,900 24.50 24.60 (0.39) 20.04
MEGA 164,500 6,534,825 39.73 39.50 0.57 20.02
MINT-R 5,216,500 162,442,450 31.14 31.50 (1.14) 19.90
OR-R 1,623,100 28,859,530 17.78 17.80 (0.11) 19.06
AOT-R 3,108,000 198,760,075 63.95 64.00 (0.08) 18.92
DELTA-R 2,673,400 193,214,750 72.27 73.00 (1.00) 18.79
BEAUTY 846,300 465,465 0.55 0.56 (1.79) 18.41
SJWD 295,600 4,124,850 13.95 14.10 (1.03) 18.08
GULF-R 2,089,300 84,418,825 40.41 40.75 (0.85) 17.69
CBG-R 381,700 26,782,350 70.17 70.25 (0.12) 17.66
TISCO-R 723,200 70,575,025 97.59 97.50 0.09 17.41
PTTGC-R 1,736,200 61,108,575 35.20 35.50 (0.85) 16.95
ADVANC 473,100 97,019,300 205.07 205.00 0.03 16.86
CHG 2,068,100 6,034,618 2.92 2.90 0.62 16.43
BAFS-R 39,200 840,620 21.44 21.40 0.21 16.35
AOT 2,616,700 166,884,200 63.78 64.00 (0.35) 15.93
CENTEL-R 195,200 7,870,175 40.32 40.50 (0.45) 15.59
BBL-R 1,542,200 211,071,400 136.86 137.50 (0.46) 15.54
INTUCH 375,200 24,990,300 66.61 67.25 (0.96) 15.25
BEM-R 5,250,600 41,417,800 7.89 7.95 (0.78) 15.18
GULF 1,785,300 72,035,950 40.35 40.75 (0.98) 15.12
PTTGC 1,483,700 52,299,800 35.25 35.50 (0.71) 14.48
COM7 1,985,600 35,596,520 17.93 18.00 (0.40) 14.24
IRPC 4,336,700 8,199,607 1.89 1.90 (0.49) 14.20
LH 14,462,700 97,642,390 6.75 6.75 0.02 14.20
KTB 5,366,800 90,664,000 16.89 17.00 (0.63) 14.16
KTB-R 5,242,600 88,602,260 16.90 17.00 (0.59) 13.83
PLANB-R 1,075,700 8,848,860 8.23 8.25 (0.29) 13.72
HTC 79,000 1,282,780 16.24 16.30 (0.38) 13.71
AP-R 1,910,200 17,492,530 9.16 9.25 (1.00) 13.63
CRC-R 817,200 25,568,825 31.29 31.25 0.12 13.57
TOA-R 119,600 2,823,450 23.61 23.60 0.03 13.37
CENTEL 167,000 6,709,000 40.17 40.50 (0.81) 13.34
BGRIM 1,001,500 24,935,830 24.90 25.00 (0.41) 13.23
NRF 1,203,000 5,855,418 4.87 4.90 (0.67) 13.11
SIRI 4,717,800 7,606,373 1.61 1.62 (0.48) 12.74
CPALL 2,234,300 127,647,325 57.13 57.50 (0.64) 12.53
BCPG 275,500 1,804,525 6.55 6.65 (1.50) 12.43
PLANB 974,300 7,996,235 8.21 8.25 (0.52) 12.43
KBANK-R 1,759,900 229,385,800 130.34 131.00 (0.50) 12.36
SCGP-R 769,600 26,129,550 33.95 34.25 (0.87) 12.31
PTTEP 578,100 89,735,400 155.22 155.00 0.14 12.27
TKC 37,000 564,510 15.26 15.20 0.38 12.25
CPALL-R 2,159,700 123,445,975 57.16 57.50 (0.59) 12.11
BH-R 266,800 64,966,000 243.50 242.00 0.62 11.86
Page 10
Volume Turnover Average price Last price Gap between last Short sale volume
(Shares) (Bt) (Bt) 30-May-24 close and short comparing with main board
GLOBAL 2,013,600 33,274,660 16.52 16.70 (1.05) 11.77
INTUCH-R 289,000 19,326,450 66.87 67.25 (0.56) 11.75
RATCH-R 449,700 13,080,075 29.09 29.00 0.30 11.72
TIDLOR-R 1,110,400 22,013,720 19.83 20.00 (0.87) 11.70
KKP-R 192,600 9,769,800 50.73 51.25 (1.02) 11.64
MINT 3,034,500 94,407,425 31.11 31.50 (1.23) 11.58
BANPU 7,064,200 38,871,550 5.50 5.50 0.05 11.57
SPALI 377,200 7,035,530 18.65 18.70 (0.26) 11.52
TKN 570,400 6,077,680 10.66 10.70 (0.42) 11.52
PTG-R 794,600 6,704,690 8.44 8.50 (0.73) 11.46
STEC 143,700 1,401,785 9.75 9.75 0.05 11.31
TU 2,154,600 31,968,720 14.84 15.00 (1.08) 11.25
MEGA-R 92,200 3,662,575 39.72 39.50 0.57 11.22
HMPRO-R 5,426,300 51,725,905 9.53 9.60 (0.70) 11.16
AAV 1,303,700 2,901,406 2.23 2.26 (1.53) 11.12
MTC-R 488,500 22,055,150 45.15 45.00 0.33 11.04
SAWAD 685,400 28,610,725 41.74 42.00 (0.61) 10.91
SINGER 334,100 3,205,305 9.59 9.65 (0.58) 10.89
SCB 1,051,300 110,942,250 105.53 106.00 (0.44) 10.87
SC-R 255,800 788,378 3.08 3.10 (0.58) 10.56
RATCH 400,400 11,648,550 29.09 29.00 0.32 10.43
BBL 1,023,500 140,599,100 137.37 137.50 (0.09) 10.31
BCP 516,100 20,255,575 39.25 39.00 0.63 10.31
AUCT 137,300 1,266,045 9.22 9.25 (0.31) 10.20
SCGP 637,300 21,616,850 33.92 34.25 (0.97) 10.20
BCH 1,462,200 28,130,870 19.24 19.20 0.20 10.19
WHA 8,939,300 47,378,290 5.30 5.30 0.00 10.18
GPSC 597,700 28,009,750 46.86 47.25 (0.82) 10.12
SCC 276,200 65,066,900 235.58 238.00 (1.02) 9.81
TLI 1,438,300 12,497,195 8.69 8.70 (0.13) 9.78
AWC 4,199,000 16,159,392 3.85 3.88 (0.81) 9.61
BDMS 4,592,600 126,062,200 27.45 27.25 0.73 9.57
STANLY-R 10,300 2,227,900 216.30 218.00 (0.78) 9.48
HANA-R 428,900 16,823,700 39.23 39.75 (1.32) 9.45
STEC-R 120,100 1,173,105 9.77 9.75 0.18 9.45
CPN-R 603,800 35,450,750 58.71 58.75 (0.06) 9.45
CPN 602,300 35,181,325 58.41 58.75 (0.58) 9.42
CHAYO 92,500 358,396 3.87 3.88 (0.14) 9.42
TASCO 398,500 6,793,740 17.05 17.10 (0.30) 9.37
GREEN 295,600 343,534 1.16 1.16 0.19 9.12
TOP-R 879,000 45,927,025 52.25 52.25 (0.00) 9.01
CPF-R 3,799,100 87,360,550 23.00 23.20 (0.88) 8.93
KTC 544,900 24,268,475 44.54 45.50 (2.12) 8.92
HMPRO 4,307,700 41,090,990 9.54 9.60 (0.64) 8.86
SPA 123,200 866,855 7.04 7.20 (2.28) 8.62
MAJOR 228,200 3,142,380 13.77 14.00 (1.64) 8.57
ASK 44,600 666,800 14.95 15.00 (0.33) 8.52
EA-R 6,262,000 139,428,150 22.27 22.20 0.30 8.50
MAJOR-R 225,400 3,098,430 13.75 14.00 (1.81) 8.46
BJC-R 278,700 6,210,380 22.28 22.40 (0.52) 8.44
S 273,700 221,697 0.81 0.82 (1.22) 8.43
TOP 821,700 42,960,175 52.28 52.25 0.06 8.42
TIDLOR 795,300 15,784,700 19.85 20.00 (0.76) 8.38
SNNP 111,600 1,719,620 15.41 15.40 0.06 8.33
KBANK 1,184,700 154,948,600 130.79 131.00 (0.16) 8.32
VIBHA 260,200 567,768 2.18 2.16 1.02 8.25
SHR 185,700 405,892 2.19 2.18 0.26 8.12
AP 1,135,800 10,407,985 9.16 9.25 (0.93) 8.10
JMART 426,000 5,567,590 13.07 13.10 (0.23) 8.08
TIPH 39,100 1,182,775 30.25 30.25 0.00 8.06
DITTO-R 133,800 2,287,130 17.09 17.30 (1.19) 8.02
SC 193,200 595,930 3.08 3.10 (0.50) 7.98
BEM 2,743,800 21,641,375 7.89 7.95 (0.79) 7.93
COM7-R 1,103,400 19,719,260 17.87 18.00 (0.71) 7.92
SAT-R 103,200 1,542,640 14.95 15.00 (0.35) 7.91
AMATA 489,600 11,384,110 23.25 23.20 0.22 7.87
XPG 1,981,100 2,273,637 1.15 1.15 (0.20) 7.82
TISCO 323,600 31,629,825 97.74 97.50 0.25 7.79
PSH-R 31,500 321,570 10.21 10.20 0.08 7.77
BLA-R 246,800 5,062,730 20.51 20.60 (0.42) 7.73
KCE 295,500 12,081,800 40.89 41.00 (0.28) 7.70
SPALI-R 250,900 4,686,990 18.68 18.70 (0.10) 7.67
BCH-R 1,094,800 21,105,510 19.28 19.20 0.41 7.63
Source: SET, InnovestX Research
Page 11
Director trade
1. Director trade as reported on May 30, 2024
Company Name of Director Product Transaction Amount Average Price Amount Buy/Sell
date (Shares) (Bt) (Bt)
A5 Mr. SUPACHOKE PANCHASARP Common Share 27-05-24 850,000 3.16 2,686,000 Purchase
BJCHI Mr. Seongjin Lee Common Share 29-05-24 250,000 1.30 325,000 Sale
BKD Mrs. NUCHANART RATANASUWANACHART Common Share 29-05-24 27,000 1.33 35,910 Purchase
EKH Mr. SUTHIPONG TANGSAJJAPOJ Common Share 29-05-24 10,000 7.25 72,500 Purchase
EP Mr. YUTH CHINSUPAKUL Common Share 29-05-24 1,000 2.74 2,740 Purchase
FLOYD Mr. APIRAT MUANGKASEM Common Share 27-05-24 50,000 0.97 48,500 Purchase
FLOYD Mr. APIRAT MUANGKASEM Common Share 27-05-24 50,000 0.97 48,500 Purchase
FTI Mrs. VORAYA POOVAPAT Common Share 27-05-24 155,400 2.20 341,880 Purchase
FTI Mrs. VORAYA POOVAPAT Common Share 28-05-24 245,100 2.16 529,416 Purchase
FTI Mrs. VORAYA POOVAPAT Common Share 29-05-24 221,000 2.15 475,150 Purchase
HTC Colonel PATCHARA RATTAKUL Common Share 29-05-24 290,000 16.42 4,761,800 Sale
JDF Miss THEERADA HOSAJAKUL Common Share 29-05-24 10,000 2.68 26,800 Purchase
JDF Miss THEERADA HOSAJAKUL Common Share 29-05-24 40,000 2.70 108,000 Purchase
JDF Miss THEERADA HOSAJAKUL Common Share 29-05-24 40,000 2.68 107,200 Purchase
JDF Miss THEERADA HOSAJAKUL Common Share 29-05-24 50,000 2.70 135,000 Purchase
JDF Miss THEERADA HOSAJAKUL Common Share 29-05-24 50,000 2.70 135,000 Purchase
JDF Miss THEERADA HOSAJAKUL Common Share 29-05-24 30,000 2.68 80,400 Purchase
JDF Miss THEERADA HOSAJAKUL Common Share 29-05-24 50,000 2.68 134,000 Purchase
JR Mr. JARUN WIWATJESADAWUT Common Share 29-05-24 104,700 4.23 442,881 Purchase
JR Mr. TEERANONT WIWATJESADAWUT Common Share 29-05-24 22,300 4.24 94,552 Purchase
LPH Mr. KULTHON NAKAPROM Common Share 29-05-24 17,000 4.70 79,900 Sale
LPH Mr. PRAMOTE POONAPANONT Common Share 29-05-24 18,600 4.68 87,048 Purchase
MCS Mr. TINAKORN SEEDASOMBOON Common Share 29-05-24 10,000 7.95 79,500 Purchase
MJD Mr. SURIYA POOLVORALAKS Common Share 29-05-24 40,000 1.23 49,200 Purchase
MOONG Mr. SONGTHAM PHIANPATTANAWIT Common Share 29-05-24 10,000 2.16 21,600 Purchase
MTI Mrs. NUALPHAN LAMSAM Common Share 29-05-24 14,000 112.00 1,568,000 Purchase
PCC Mr. KITTI SUMRIT Common Share 29-05-24 10,000 2.93 29,300 Purchase
PG Mr. PIRANART CHOKWATANA Common Share 29-05-24 2,100 9.00 18,900 Purchase
PG Mrs. KITYAPORN CHAITHAVORNSATHIEN Common Share 29-05-24 21,400 9.00 192,600 Purchase
RML Mr. KORN NARONGDEJ Common Share 28-05-24 1,000,000 0.48 480,000 Purchase
SGC Mr. PIRANART CHOKWATANA Common Share 29-05-24 30,800 1.41 43,428 Purchase
SICT Mr. BODIN KASEMSET Common Share 29-05-24 802,200 5.25 4,211,550 Purchase
SIMAT Mr. BOONLERD IEWPORNCHAI Common Share 29-05-24 20,000 1.28 25,600 Purchase
TMILL Mr. PRAPAS CHUTIMAVORAPHAND Common Share 29-05-24 49,100 3.63 178,233 Purchase
TNR Mr. KONGPOB DARARATTANAROJ Common Share 29-05-24 10,000 11.20 112,000 Purchase
TSTE Mr. PRAPAS CHUTIMAVORAPHAND Common Share 29-05-24 4,500 10.95 49,275 Purchase
Total Purchase 12,650,663
Sale 5,166,700
Net 7,483,963
Page 12
Corporate calendar
May
Mon Tue Wed Thu Fri
27 28 29 30 31
XD XD XD XD XD
AIMCG Bt0.13 BGC Bt0.07 FUTUREPF Bt0.13431 CHAYO Bt0.035 BKKCP Bt0.16
AIMIRT Bt0.2867 CPTGF Bt0.0295 PPF Bt1.0314 TCC Bt0.025 MJLF Bt0.1495
KAMART Bt0.1 EGATIF Bt0.1501 XE WHABT Bt0.1685 PROSPECT Bt0.1898
LHHOTEL Bt0.3 GVREIT Bt0.1915 SENX-W1 1 : 1 @Bt1.5 PD TIF1 Bt0.135
LHPF Bt0.08 KBSPIF Bt0.242 PD FVC Bt0.01 PD
PD TFFIF Bt0.1099 AYUD Bt1.67 New warrant STX Bt0.055
CENTEL Bt0.42 TTLPF Bt0.5547 CCP Bt0.01 NER-W2 New warrant
IRCP Bt0.025 PD EASTW Bt0.05 Share listing ACC-W2
LDC Bt0.011 ASML01 Bt0.044 GTB Bt0.04 ASW 805 Shares Share listing
PRAPAT 25 : 1 XD(ST) BROOK Bt0.015 M-CHAI Bt0.7 PRAPAT 14,959,683 Shares SWC 45,339,218 Shares
PRAPAT Bt0.04 FMT Bt2.625 RAM Bt0.2 SEAFCO 73,969,911 Shares NEWS 163,193 Shares
SALEE Bt0.035 GABLE Bt0.289 TAPAC Bt0.04
SEAFCO Bt0.09 PCC Bt0.14 TOPP Bt6.68
SEAFCO 10 : 1 XD(ST) TOA Bt0.35 New securities
SIAM Bt0.01 TSE Bt0.05 QHHRREIT
SJWD Bt0.25 UMI Bt0.03 Share listing
SM Bt0.03 Last trading day CMC 35,551,279 Shares
VIBHA Bt0.05 SENX-W1 FLOYD 44,443,465 Shares
Decreased capital PPF IP 232,823,775 Shares
CTARAF New warrant SAMTEL 71 Shares
New warrant BWG-W6 SAWAD 137,311,920 Shares
PSTC-W3 Share listing SCAP 130,123,642 Shares
INET-W3 READY 19,999,977 Shares TFG 118 Shares
WIIK-W3 MBK 1,996,497 Shares
Share listing SAMART 55 Shares
KUN 11 Shares SDC 196,825,396 Shares
EKH 17,723,667 Shares
WPH 13,199,943 Shares
June
Mon Tue Wed Thu Fri
34567
XD XD XD XD
HPF Bt0.133 NETEASE80 Bt- IMPACT Bt0.1 BKNG80X Bt-
M-II Bt0.175 XW PD PINGAN80 Bt-
MNIT Bt0.035 K 14 : 1 BOFFICE Bt0.1515 XR
MNIT2 Bt0.07 XE DCC Bt0.02 FSX 1 : 1 @Bt4.50
MNRF Bt0.03 CHO-W3 2.87 : 1 @Bt3.157 KTBSTMR Bt0.1741 PD
M-STOR Bt0.11 NVD-W3 1 : 1.018 @Bt2.594 TSC Bt0.4 ADD Bt0.17
PD SMT-W3 1 : 1 @Bt4 DDD Bt0.025
CPNCG Bt0.0778 PD DIF Bt0.2222
POPF Bt0.0243 SPRIME Bt0.125 FTREIT Bt0.187
SIRIP Bt0.08 PSL Bt0.1
Last trading day SAAM Bt0.03
CHO-W3 SUPEREIF Bt0.22007
SMT-W3 TERA Bt0.045
NVD-W3 TPRIME Bt0.1149
VENTURE19 Bt-
WHART Bt0.1915
10 11 12 13 14
XD XD XD PD XD
GOOG80X Bt- BYDCOM80 Bt- BABA80 Bt- AIMCG Bt0.13 LHK Bt0.11
PD NVDA80X Bt- BCT Bt1.4 AIMIRT Bt0.2867 PD
CHAYO Bt0.035 TIPH Bt1.1 PD GVREIT Bt0.1915 AAPL80X Bt0.0051
DMT Bt0.21 PD IVL Bt0.175 LHHOTEL Bt0.3 AMATAR Bt0.16
INETREIT Bt0.2 BRRGIF Bt0.01797 KAMART Bt0.1 LHPF Bt0.08 BGC Bt0.07
STEG19 Bt0.0942 ERWPF Bt1.1876 SRIPANWA Bt0.1064 CPTGF Bt0.0295
EGATIF Bt0.1501
FUTUREPF Bt0.13431
KBSPIF Bt0.242
PROSPECT Bt0.1898
TCC Bt0.025
TFFIF Bt0.1099
TTLPF Bt0.5547
17 18 19 20 21
XE XR XE XE PD
ITEL-W4 1 : 1 @Bt11.5 PROEN 1 : 1 @Bt1.00 BROOK-W6 1 : 1.147 @Bt0.567 JCKH-W1 1 : 1.548 @Bt0.162 HK01 Bt-
PD PD IMPACT Bt0.1
ALLY Bt0.131 HPF Bt0.133
BKKCP Bt0.16 M-II Bt0.175
MJLF Bt0.1495 M-STOR Bt0.11
MNIT Bt0.035
MNIT2 Bt0.07
MNRF Bt0.03
TIF1 Bt0.135
WHABT Bt0.1685
24 25 26 27 28
PD XE XE XD PD
TIPH Bt1.1 PJW-W1 1 : 1.05 @Bt2.857 ECL-W4 1 : 1 @Bt2 3K-BAT Bt0.25 SBUX80X Bt-
WHAIR Bt0.1372 PD PD
HK13 Bt- TENCENT80 Bt-
H.M. Queen Suthida
Bajrasudhabimalalakshana’s Birthday
XD - Cash Dividend PD – Payment Date XW - Rights for Warrant XE - Warrant Exercise SP – Suspension
XD(ST) - Stock Dividend XR - Rights for Common XT - Rights for Transferable Subscription Right CW - Capital write-down
Page 13
Disclaimer
The information in this report has been obtained from sources believed to be reliable. However, its accuracy or completeness is not guaranteed. Any
opinions expressed herein reflect our judgment at this date and are subject to change without notice. This report is for information only. It is not to be
construed as an offer, or solicitation of an offer to sell or buy any securities. We accept no liability for any loss arising from the use of this document. We or
our associates may have an interest in the companies mentioned therein.
InnovestX Securities Company Limited (“INVX”) is wholly owned by SCB X Public Company Limited (“SCBX”) and The Siam Commercial Bank Public
Company Limited (“SCB”) is majority-owned by SCBX. Any information related to SCB is for sector comparison purpose.
This document is prepared by InnovestX Securities Company Limited (“INVX”) which is wholly owned by SCB X Public Company Limited (“SCBX”). The
Siam Commercial Bank Public Company Limited, which is majority-owned by SCBX, acts as financial advisor of the LH Hotel Leasehold Real Estate
Investment Trust. Any opinions, news, research, analyses, prices, statements, forecasts, projections and/or other information contained in this document
(the “Information”) is provided as general information purposes only and shall not be construed as individualized recommendation of an offer to buy or sell
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correctness of the Information.
INVX reserves the right to modify the Information from time to time without notice and in its sole discretion. This document is delivered to intended
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© Copyright 2022 InnovestX Securities Co., Ltd. All right reserved.
Page 14
CG Rating 2023 Companies with CG Rating
Companies with Excellent CG Scoring
7UP, AAV, ABM, ACE, ACG, ADB, ADD, ADVANC, AEONTS, AF, AGE, AH, AHC, AIRA, AIT, AJ, AKP, AKR, ALLA, ALT, AMA, AMARIN, AMATA, AMATAV, ANAN, AOT, AP, APCO, APCS,
ARIP, ARROW, ASEFA, ASK, ASP, ASW, ATP30, AUCT, AWC, AYUD, B, BA, BAFS, BAM, BANPU, BAY, BBGI, BBIK, BBL, BC, BCH, BCP, BCPG, BDMS, BEC, BEM, BEYOND, BGC, BGRIM,
BH, BIZ, BJC, BJCHI, BKI, BLA, BOL, BPP, BRI, BROOK, BRR, BTS, BTW, BWG, BYD, CBG, CENTEL, CFRESH, CHASE, CHEWA, CHG, CHOW, CIMBT, CIVIL, CK, CKP, CM, CNT, COLOR,
COM7, COTTO, CPALL, CPAXT, CPF, CPI, CPL, CPN, CPW, CRC, CRD, CSC, CSS, CV, DCC, DDD, DELTA, DEMCO, DMT, DOHOME, DRT, DUSIT, EA, EASTW, ECF, ECL, EE, EGCO, EPG,
ERW, ETC, ETE, FE, FLOYD, FN, FPI, FPT, FSX, FVC, GBX, GC, GCAP, GENCO, GFPT, GGC, GLAND, GLOBAL, GPSC, GRAMMY, GULF, GUNKUL, HANA, HARN, HENG, HMPRO, HPT, HTC,
ICC, ICHI, ICN, III, ILINK, ILM, IMH, IND, INET, INTUCH, IP, IRC, IRPC, ITC, ITEL, IVL, JAS, JTS, KBANK, KCC, KCE, KEX, KKP, KSL, KTB, KTC, KTMS, KUMWEL, KUN, LALIN, LANNA, LH,
LHFG, LIT, LOXLEY, LPN, LRH, LST, M, MAJOR, MALEE, MATCH, MBK, MC, M-CHAI, MCOT, MEGA, MFC, MFEC, MILL, MINT, MONO, MOONG, MSC, MST, MTC, MTI, NC, NCH, NCL,
NDR, NER, NKI, NOBLE, NRF, NTV, NVD, NWR, NYT, OCC, OISHI1, ONEE, OR, ORI, OSP, OTO, PAP, PATO, PB, PCSGH, PDG, PDJ, PG, PHOL, PIMO, PJW, PLANB, PLAT, PLUS, PM, POLY,
PORT, PPP, PPS, PR9, PRG, PRINC, PRM, PRTR, PSH, PSL, PT, PTC, PTT, PTTEP, PTTGC, Q-CON, QH, QTC, RATCH, RBF, RPH, RS, RT, S, S&J, SA, SABINA, SAK, SAMART, SAMTEL,
SAPPE, SAT, SBNEXT, SC, SCB, SCC, SCCC, SCG, SCGP, SCM, SDC, SEAFCO, SEAOIL, SECURE, SELIC, SENA, SENX, SFP2, SFT, SGC, SGF, SGP, SHR, SICT, SIRI, SIS, SITHAI, SJWD,
SKR, SM, SMPC, SMT, SNC, SNNP, SNP, SO, SPALI, SPC, SPCG, SPI, SPRC, SR, SSC, SSF, SSSC, STA, STC, STEC, STGT, STI, SUC, SUN, SUSCO, SUTHA, SVI, SVT, SYMC, SYNEX,
SYNTEC, TACC, TAE, TCAP, TCMC, TEAMG, TEGH, TFG, TFMAMA, TGE, TGH, THANA, THANI, THCOM, THIP, THRE, THREL, TIDLOR, TIPH, TISCO, TK, TKN, TKS, TKT, TLI, TM, TMC, TMD,
TMT, TNDT, TNITY, TNL, TNR, TOA, TOG, TOP, TPBI, TPCS, TPIPL, TPIPP, TPS, TQM, TQR, TRT, TRUE, TRV, TSC, TSTE, TSTH, TTA, TTB, TTCL, TTW, TURTLE, TVDH, TVH, TVO, TVT, TWPC,
UAC, UBE, UBIS, UKEM, UP, UPF, UPOIC, UV, VCOM, VGI, VIBHA, VIH, VL, WACOAL, WGE, WHA, WHAUP, WICE, WINMED, WINNER, XPG, YUASA, ZEN
Companies with Very Good CG Scoring
2S, A5, AAI, AIE, ALUCON, AMR, APURE, ARIN, AS, ASIA, ASIAN, ASIMAR, ASN, AURA, BR, BSBM, BTG, CEN, CGH, CH, CHIC, CI, CIG, CMC, COMAN, CSP, DOD, DPAINT, DV8, EFORL,
EKH, ESSO, ESTAR, EVER, FORTH, FSMART, FTI, GEL, GPI, HEALTH, HUMAN, IFS, INSET, IT, J, JCKH, JDF, JKN, JMART, JUBILE, K, KCAR, KGI, KIAT, KISS, KK, KTIS, KWC, KWM, LDC, LEO,
LHK, MACO, METCO, MICRO, MK, MVP, NCAP, NOVA, NTSC, PACO, PIN, PQS, PREB, PRI, PRIME, PROEN, PROS, PROUD, PSTC, PTECH, PYLON, RCL, SALEE, SANKO, SCI, SCN, SE, SE-
ED, SFLEX, SINGER, SKN, SONIC, SORKON, SPVI, SSP, SST, STANLY, STP, SUPER, SVOA, SWC, TCC, TEKA, TFM, TMILL, TNP, TPLAS, TPOLY, TRC, TRU, TRUBB, TSE, VRANDA, WAVE,
WFX, WIIK, WIN, WP, XO
Companies with Good CG Scoring
24CS, AMANAH, AMARC, AMC, APP, ASAP, BCT, BE8, BIG, BIOTEC, BLESS, BSM, BVG, CAZ, CCET, CHARAN, CHAYO, CHOTI, CITY, CMAN, CMR, CRANE, CWT, DHOUSE, DTCENT,
EASON, FNS, FTE, GIFT, GJS, GTB, GTV, GYT, HL, HTECH, HYDRO, IIG, INGRS, INSURE, IRCP, ITD, ITNS, JCK, JMT, JR, JSP, KBS, KGEN, KJL, L&E, LEE, MASTER, MBAX, MEB, MENA,
META, MGT, MITSIB, MJD, MOSHI, MUD, NATION, NNCL, NPK, NSL, NV, OGC, PAF, PCC, PEACE, PICO, PK, PL, PLANET, PLE, PMTA, PPM, PRAKIT, PRAPAT, PRECHA, PRIN, PSG, RABBIT,
READY, RJH, RSP, RWI, S11, SAAM, SAF, SAMCO, SAWAD, SCAP, SCP, SIAM, SKE, SKY, SMART, SMD, SMIT, SOLAR, SPA, STECH, STPI, SVR, TC, TCCC3, TEAM, TFI, TIGER, TITLE, TKC,
TMI, TNH, TPA, TPAC, TRITN, UBA, UMI, UMS, UTP, VARO, VPO, W, WARRIX, WORK, WPH, YONG, ZIGA
Corporate Governance Report
The material contained in this publication is for general information only and is not intended as advice on any of the matters discussed herein. Readers and others should perform
their own independent analysis as to the accuracy or completeness or legality of such information. The Thai Institute of Directors, its officers, the authors and editor make no
representation or warranty as to the accuracy, completeness or legality of any of the information contained herein. By accepting this document, each recipient agrees that the Thai
Institute of Directors Association, its officers, the authors and editor shall not have any liability for any information contained in, or for any omission from, this publication.
The survey result is as of the date appearing in the Corporate Governance Report of Thai Listed Companies. As a result, the survey result may be changed after that date. InnovestX
Securities Company Limited does not conform nor certify the accuracy of such survey result.
To recognize well performers, the list of companies attaining “Good”, “Very Good” and “Excellent” levels of recognition (Not including listed companies qualified in the "no
announcement of the results" clause from 1 January 2022 to 31 October 2023) is publicized.
1OISHI was voluntarily delisted from the Stock Exchange of Thailand, effectively on September 6, 2023
2SFP was voluntarily delisted from the Stock Exchange of Thailand, effectively on July 19, 2023
3TCCC was voluntarily delisted from the Stock Exchange of Thailand effectively on August 25, 2023
Anti-corruption Progress Indicator
Certified (ได้รับการรับรอง)
2S, 7UP, AAI, ADVANC, AF, AH, AI, AIE, AIRA, AJ, AKP, AMA, AMANAH, AMATA, AMATAV, AP, APCS, AS, ASIAN, ASK, ASP, AWC, AYUD, B, BAFS, BAM, BANPU, BAY, BBGI, BBL, BCH,
BCP, BCPG, BE8, BEC, BEYOND, BGC, BGRIM, BKI, BLA, BPP, BROOK, BRR, BSBM, BTS, BWG, CEN, CENTEL, CFRESH, CGH, CHEWA, CHOTI, CHOW, CIG, CIMBT, CM, CMC, COM7,
CPALL, CPAXT, CPF, CPI, CPL, CPN, CPW, CRC, CSC, DCC, DELTA, DEMCO, DIMET, DOHOME, DRT, DUSIT, EA, EASTW, ECF, EGCO, EP, EPG, ERW, ESTAR, ETC, ETE, FNS, FPI, FPT,
FSMART, FTE, GBX, GC, GCAP, GEL, GFPT, GGC, GJS, GPI, GPSC, GSTEEL, GULF, GUNKUL, HANA, HARN, HENG, HMPRO, HTC, ICC, ICHI, IFS, III, ILINK, ILM, INET, INOX, INSURE,
INTUCH, IRPC, ITEL, IVL, JAS, JKN, JR, JTS, KASET, KBANK, KBS, KCAR, KCCAMC, KCE, KGEN, KGI, KKP, KSL, KTB, KTC, L&E, LANNA, LHFG, LHK, LPN, LRH, M, MAJOR, MALEE, MATCH,
MBAX, MBK, MC, MCOT, META, MFC, MFEC, MILL, MINT, MONO, MOONG, MSC, MST, MTC, MTI, NATION, NCAP, NEP, NKI, NOBLE, NRF, NWR, OCC, OGC, OR, ORI, PAP, PATO, PB,
PCSGH, PDG, PDJ, PG, PHOL, PIMO, PK, PL, PLANB, PLANET, PLAT, PM, PPP, PPPM, PPS, PR9, PREB, PRG, PRINC, PRM, PROS, PSH, PSL, PSTC, PT, PTECH, PTG, PTT, PTTEP, PTTGC,
PYLON, Q-CON, QH, QLT, QTC, RABBIT, RATCH, RML, RS, RWI, S&J, SAAM, SABINA, SAK, SAPPE, SAT, SC, SCC, SCCC, SCG, SCGP, SCM, SCN, SEAOIL, SE-ED, SELIC, SENA, SGC,
SGP, SIRI, SITHAI, SKR, SMIT, SMK, SMPC, SNC, SNP, SORKON, SPACK, SPALI, SPC, SPI, SPRC, SRICHA, SSF, SSP, SSSC, SST, STA, STGT, STOWER, SUSCO, SVI, SYMC, SYNTEC, TAE,
TAKUNI, TASCO, TCAP, TCMC, TFG, TFI, TFMAMA, TGE, TGH, THANI, THCOM, THIP, THRE, THREL, TIDLOR, TIPCO, TISCO, TKS, TKT, TMD, TMILL, TMT, TNITY, TNL, TNP, TNR, TOG,
TOP, TOPP, TPA, TPCS, TRT, TRU, TSC, TSI, TSTE, TSTH, TTA, TTB, TTCL, TU, TVDH, TVO, TWPC, UBE, UBIS, UEC, UKEM, UOBKH, UV, VCOM, VGI, VIH, WACOAL, WHA, WHAUP, WICE,
WIIK, XO, YUASA, ZEN, ZIGA
Declared (ประกาศเจตนารมณ์)
ACE, ADB, ALT, AMC, ASW, BLAND, BTG, BYD, CAZ, CBG, CV, DEXON, DMT, EKH, FSX, GLOBAL, GREEN, ICN, IHL, ITC, J, JMART, JMT, LEO, LH, MENA, MITSIB, MODERN, NER, NEX,
OSP, PEER, PLUS, POLY, PQS, PRIME, PROEN, PRTR, RBF, RT, SA, SANKO, SCB, SENX, SFLEX, SIS, SKE, SM, SVOA, TBN, TEGH, TIPH, TKN, TPAC, TPLAS, TQM, TRUE, W, WPH, XPG
N/A
24CS, 3K-BAT, A, A5, AAV, ABM, ACAP, ACC, ACG, ADD, ADVICE, AEONTS, AFC, AGE, AHC, AIT, AJA, AKR, AKS, ALL, ALLA, ALPHAX, ALUCON, AMARC, AMARIN, AMR, ANAN, ANI,
AOT, APCO, APEX, APO, APP, APURE, AQUA, ARIN, ARIP, ARROW, ASAP, ASEFA, ASIA, ASIMAR, ASN, ATP30, AU, AUCT, AURA, B52, BA, BBIK, BC, BCT, BDMS, BEAUTY, BEM, BGT, BH,
BIG, BIOTEC, BIS, BIZ, BJC, BJCHI, BKD, BKGI, BLC, BLESS, BLISS, BM, BOL, BPS, BR, BRI, BROCK, BSM, BSRC, BTNC, BTW, BUI, BVG, CCET, CCP, CEYE, CGD, CH, CHARAN, CHASE,
CHAYO, CHG, CHIC, CHO, CI, CITY, CIVIL, CK, CKP, CMAN, CMO, CMR, CNT, COCOCO, COLOR, COMAN, CPANEL, CPH, CPR, CPT, CRANE, CRD, CREDIT, CSP, CSR, CSS, CTW, CWT,
D, DCON, DDD, DHOUSE, DITTO, DOD, DPAINT, DTCENT, DTCI, DV8, EASON, ECL, EE, EFORL, EMC, ETL, EURO, EVER, F&D, FANCY, FE, FLOYD, FMT, FN, FORTH, FTI, FVC, GABLE,
GENCO, GFC, GIFT, GL, GLAND, GLOCON, GLORY, GRAMMY, GRAND, GSC, GTB, GTV, GYT, HEALTH, HFT, HL, HPT, HTECH, HUMAN, HYDRO, I2, IFEC, IIG, IMH, IND, INGRS, INSET, IP,
IRC, IRCP, IT, ITD, ITNS, ITTHI, JAK, JCK, JCKH, JCT, JDF, JPARK, JSP, JUBILE, K, KAMART, KC, KCG, KCM, KDH, KEX, KIAT, KISS, KJL, KK, KKC, KLINIQ, KOOL, KTIS, KTMS, KUMWEL,
KUN, KWC, KWI, KWM, KYE, LALIN, LDC, LEE, LIT, LOXLEY, LPH, LST, LTS, MANRIN, MASTER, MATI, MCA, M-CHAI, MCS, MDX, MEB, MEGA, METCO, MGC, MGI, MGT, MICRO, MIDA,
MJD, MK, ML, MORE, MOSHI, MTW, MUD, MVP, NAM, NAT, NC, NCH, NCL, NDR, NEO, NETBAY, NEW, NEWS, NFC, NL, NNCL, NOK, NOVA, NPK, NSL, NTSC, NTV, NUSA, NV, NVD, NYT,
OHTL, ONEE, ORN, PACE, PACO, PAF, PANEL, PCC, PEACE, PERM, PF, PHG, PICO, PIN, PJW, PLE, PLT, PMTA, POLAR, PORT, POST, PPM, PRAKIT, PRAPAT, PRECHA, PRI, PRIN, PRO,
PROUD, PSG, PSP, PTC, PTL, QTCG, RAM, RCL, READY, RICHY, RJH, ROCK, ROCTEC, ROH, ROJNA, RP, RPC, RPH, RSP, S, S11, SABUY, SAF, SAFARI, SAFE, SALEE, SAM, SAMART,
SAMCO, SAMTEL, SAUCE, SAV, SAWAD, SAWANG, SBNEXT, SCAP, SCGD, SCI, SCL, SCP, SDC, SE, SEAFCO, SECURE, SFT, SGF, SHANG, SHR, SIAM, SICT, SIMAT, SINGER, SINO,
SISB, SJWD, SK, SKN, SKY, SLM, SLP, SMART, SMD, SMT, SNNP, SO, SOLAR, SONIC, SPA, SPCG, SPG, SPREME, SPVI, SQ, SR, SRS, SSC, STANLY, STARK, STC, STEC, STECH, STHAI,
STI, STP, STPI, STX, SUC, SUN, SUPER, SUTHA, SVR, SVT, SWC, SYNEX, TACC, TAN, TAPAC, TC, TCC, TCJ, TCOAT, TEAM, TEAMG, TEKA, TERA, TFM, TGPRO, TH, THAI, THANA, THE,
THG, THMUI, TIGER, TITLE, TK, TKC, TLI, TM, TMC, TMI, TMW, TNDT, TNH, TNPC, TOA, TPBI, TPCH, TPIPL, TPIPP, TPL, TPOLY, TPP, TPS, TQR, TR, TRC, TRITN, TRP, TRUBB, TRV, TSE, TTI,
TTT, TTW, TURTLE, TVH, TVT, TWP, TWZ, TYCN, UAC, UBA, UMI, UMS, UNIQ, UP, UPF, UPOIC, UREKA, UTP, UVAN, VARO, VIBHA, VL, VNG, VPO, VRANDA, WARRIX, WAVE, WELL, WFX,
WGE, WIN, WINDOW, WINMED, WINNER, WORK, WORLD, WP, YGG, YONG, ZAA
Explanations
Companies participating in Thailand's Private Sector Collective Action Coalition Against Corruption programme (Thai CAC) under Thai Institute of Directors (as of November 1, 2023)
are categorised into: companies that have declared their intention to join CAC, and companies certified by CAC.