Thailand: Thai Beverages shares likely to trade on Thailand Stock Excange late this year
Shares of Thai Beverages Plc, Thailand's largest beer and spirits maker, are expected to begin trading on the Stock Exchange of Thailand late this year, according to SET president Patareeya Benjapolchai, Thai News Agency reported June 22.
She said the market capitalisation of the Thai bourse is likely to increase to Bt6 trillion by the end of this year from Bt5.7 trillion at present since it is expected that Thai Beverages, one of the largest alcoholic beverage companies in South East Asia, with a market cap of Bt100 billion, would be listed on SET.
However, whether the company could be listed or not depends on a deliberation made under Thailand's alcohol business control law.
Currently, shares of Thai Beverages are also traded on the Singapore Stock Exchange.
Should the company be listed on SET, it would be the second firm after Total Access Communication or DTAC to be allowed a dual listing on both the Thai and Singaporean bourses.
She believed many more companies would make a duo-listing in pursuit of the two firms in the future.
The SET chief revealed that two giant companies, Esso Plc and Star Petroleum Refinery, are also poised to be listed on the market at the end of this year.
"The market cap of the Thai bourse is likely to increase continuously and estimated to reach Bt7.5 trillion or 100 per cent of the gross domestic product in 2009," she said.
In addition, Mrs. Patareeya warned investors to study information carefully and thoroughly before deciding to invest in shares placed in the turnover list declared by the Securities and Exchange Commission.
She said the shares had a low free float and their prices had surged despite unclear operating results.
The market regulator would closely supervise the movement of these shares and might impose a ban for a net settlement trading and a margin loan on the shares found moving unusually, she added.
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