Total value of IPOs expected to hit Bt120 billion next year

Apart from private firms, about 24 property funds listed on the SET this year, he said.
The bourse expects the total value of IPOs in 2013 to reach Bt120 billion, with about 30 companies planning to list. Moreover, many infrastructure funds are expected to list. He said the stock market next year was expected to see greater volatility due mainly to the euro-zone problems.
Therefore, investors should exercise caution, he said.
Chanitr Charnchainarong, managing director of the Market for Alternative Investment, said more than 30 companies were planning to list on the SET and MAI in 2013. About 14 of those companies had initially planned to list this year but were unable to.
Six of those 14 will list on the SET, seven will list on the MAI and the other is a mutual fund.
In addition, the newly established Lao Securities Exchange has approached Thai-based Mitr Phol Group about forming a joint-venture company to list on LSX.
There are currently two listed companies trading shares on the LSX: EDL-Generation, which is controlled by the state-owned power company Electricite du Laos, and Banque pour le Commerce Exterieur Lao, a state-owned bank.
The two companies have a total market cap of US$1 billion (Bt30.6 billion).
Meanwhile, the Securities Analysts Association predicts that 2013 will be a good year for the SET.
Analysts from 22 brokerages participated in the latest survey, which indicated 1,245 points as the estimated lowest level for the market in 2013, and 1,537 points as the estimated highest level.
The construction sector’s earnings per share growth is expected to hit 32.17 per cent, leaving the property sector behind with 18.44 per cent and banking with 18.37 per cent.
Communication stocks are expected to show the highest dividend yield of 5.50 per cent, followed by electronics parts with 5.08 per cent and energy with 4.34 per cent. Newly listed companies are expected to boost the market.