SET warns 20 firms face delisting if they don’t act

The 20 listed companies must find solutions to the factors that could lead to delisting, file a request to remove the risk of delisting or extend the solution period before March 31, the SET said yesterday.
If these listed companies are not able to reach solutions within the schedule, the SET will propose to its board of governors to delist these securities.
On their last trading day, these 20 listed companies had a combined market capitalisation of Bt16.444 billion, while 69,492 shareholders in total will be affected.
On the watch list are: Asian Insulators (AI); AI Energy (AIE); Bliss-Tel (BLISS); Bangkok Union Insurance (BUI); Chuo Senko (Thailand) (CHUO); International Engineering (IEC); KTech Construction (KTECH); LV Technology (LVT); NFC (NFC); Kuang Pei San Food Products (POMPUI); Professional Waste Technology (1999) (PRO); Safari World (SAFARI); Shun Thai Rubber Gloves Industry (STHAI); Tongkah Harbour (THL); Thai Unique Coil Centre (TUCC); Venture Incorporation (VI); World Corporation (WORLD); We Retail (WR); Yong Thai (YCI); and Yarnapund (YNP), according to the SET report yesterday.
Meanwhile, Chaiyaporn Nompitakcharoen, executive vice president at Bualuang Securities, said that listed companies this year were stronger in terms of debt repayment capability, while their cash flow remained high.
“We see stronger quality of listed companies than last year. The debt-to-equity ratio is lower than one. Cash flow is relatively higher than the source of obligations. We feel relieved with the quality of listed companies this year,” he said. He said business groups that needed monitoring included export-oriented groups like electronics and airlines as the baht continued to appreciate consistently and crude prices had started to rise.