WHA Corporation Public Company Limited (WHA) Moves Up 1.42% on Feb 20

February 20, 2018 - By wolcottdaily

Shares of WHA Corporation Public Company Limited (BKK:WHA) last traded at 4.28, representing a move of 1.42%, or 0.06 per share, on volume of 54.06M shares. After opening the trading day at 4.22, shares of WHA Corporation Public Company Limited traded in a close range. WHA Corporation Public Company Limited currently has a total float of 14.33B shares and on average sees 123.18 million shares exchange hands each day. The stock now has a 52-week low of 2.92 and high of 4.56.

Stock Exchange Of Thailand 50 Index (SET50): Driving Thailand Economy

Stock Exchange of Thailand 50 Index (SET50) is the index of the top 50 largest companies listed on the Stock Exchange of Thailand (SET) in Bangkok. Including WHA Corporation Public Company Limited shares. SET50 has its broader sibling called SET100, which tracks the top 100 largest stocks on SET.

Both SET50 and SET100 are market capitalization-weighted indices and they draw their components from SET Index, which tracks all the common stocks listed on the SET.SET50 and SET100 were also developed to facilitate trading in index futures and options. As such, SET50 is an investible index.

SET50 was first published in August 1995 with the base value being set at 1000 points. The index sank to an all-time low of 636.07 points in October 2011 at a time when the global economy was just begin to recover from the aftermath of the worst financial meltdown in recent memory. However, SET50 shot back up in the next few years, hitting a lifetime high of 1079.78 in May 2013 as investor confidence strengthened amid strong returns by Thai companies.

Rebalancing ofSET50

SET50 is revised semi-annually in December and June. It is the time for WHA Corporation Public Company Limited to act and win new investors. During the rebalancing of the index, adjustments are made to reflect the recent changes in the stock market such as changes in the market capitalization of a component because of rights issue or debts converting to stock.

The revision of SET50 sometimes leads to certain stocks being eliminated from the index and new ones added. A stock may be dropped from SET50 if it has fallen short of the index listing requirements such a decline in market capitalization and change in the stock liquidity.

But a stock dropped from SET50 may still continue listing on the broader SET100index.

The constituents of SET50 represent various sectors. Energy, Construction materials and Transportation are the top three largest sectors in the index.

The Thai stock market

SET uses computerized trading systems that were first rolled out in April 1991 and have been enhanced multiple times in recent years to simplify stock trading on the platform. Some of those trading system upgrades have improved the interface and increase transaction speed. It helps WHA Corporation Public Company Limited to work fast.

Trading on SET rolls out in five sessions lasting between a few minutes and several hours. The morning pre-opening session starts at 9.30 a.m. and ends between 9.55 a.m. and 10.00 a.m. This pre-opening session is used to determine the open price for the regular morning session.

The regular morning session begins at 9.55 a.m. or 10.00 a.m., depending on when the pre-opening session ended, and runs until 12.30 p.m. at which the market takes a lunch break. Afternoon pre-opening session begins at 14.00 p.m. and lasts between 25 and 30 minutes before giving way to regular afternoon trading that begin anywhere between 14.25 p.m. and 14.30 p.m. and continues until 16.30 p.m.

The last session on SET is the afterhours trading that starts immediately the regular afternoon session ends at 16.30 p.m. and runs for 30 minutes to 40 minutes.

Appetite in Thai equities

A mix of diverse investment opportunities in Thailand, efforts to improve corporate governance standards and bright growth prospects of the Thai economy have contributed to strong appetite for Thai equities especially among retail investors from across the Asian region and beyond. They check such companies as WHA Corporation Public Company Limited for the liquidity.

More notable recent WHA Corporation Public Company Limited (BKK:WHA) news were published by: Prnewswire.com which released: “Daiwa House Industry Establishes WHA Daiwa Logistics Property in Joint Venture …” on July 26, 2016, also Seekingalpha.com with their article: “WHA Corporation: Misunderstood Value Stock With Spin-Off And Deleveraging …” published on January 24, 2017, Reuters.com published: “Thailand fines executives for insider trading” on March 16, 2016. More interesting news about WHA Corporation Public Company Limited (BKK:WHA) were released by: Reuters.com and their article: “Thai warehouse developer WHA to take over Hemaraj Land for $1.34 bln” published on November 17, 2014 as well as Reuters.com‘s news article titled: “Top Thai estate developer Hemaraj sees land sales up 70 pct this year” with publication date: March 01, 2017.

WHA Corporation Public Company Limited, together with its subsidiaries, develops, rents, and leases lands, buildings, warehouses, distribution centers, factories, and other properties in Thailand and internationally. The company has market cap of $61.32 billion. The firm engages in the sale of investment property and property management activities. It has a 15.51 P/E ratio. It is also involved in the production and distribution of industrial water, as well as distribution of raw water; provision of wastewater treatment services to operators in industrial estates and industrial operation zones; and generation and distribution of electricity.

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