Chukai Public Company Limited (CRANE) Soared 1.12% on Feb 14

February 14, 2018 - By Nellie Frank

Shares of Chukai Public Company Limited (BKK:CRANE) last traded at 3.62, representing a move of 1.12%, or 0.04 per share, on volume of 512,000 shares. After opening the trading day at 3.58, shares of Chukai Public Company Limited traded in a close range. Chukai Public Company Limited currently has a total float of 757.18 million shares and on average sees 2.37 million shares exchange hands each day. The stock now has a 52-week low of 1.97 and high of 4.26.

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 Chukai 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 Chukai 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 Chukai 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 Chukai Public Company Limited.

More notable recent Chukai Public Company Limited (BKK:CRANE) news were published by: Reuters.com which released: “Chu Kai Pcl says ‍qtrly net profit 44.3 million baht” on November 09, 2017, also Reuters.com with their article: “Chu Kai reports FY net loss 280.1 mln baht” published on February 23, 2017, Reuters.com published: “Chu kai pcl says qtrly net loss 80 mln baht” on November 10, 2016. More interesting news about Chukai Public Company Limited (BKK:CRANE) were released by: Reuters.com and their article: “Chu Kai PCL qtrly loss for the period 62.3 million baht” published on August 11, 2016 as well as Reuters.com‘s news article titled: “Chu Kai appoints Thongchai Pairrungsri as CEO” with publication date: May 12, 2016.

Chukai Public Company Limited, together with its subsidiaries, engages in the trading, repairing, maintenance, rental, and transportation of cranes, forklifts, trailers, and trucks in Thailand. The company has market cap of $2.74 billion. The firm provides services for the transport, lift, install, erection, materials, or large devices with large cranes, fork lifts, and lift trucks; and other machinery, includes transportation by tractor semi-trailer and trucks. It currently has negative earnings. It also sells spare parts.

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