DELTA, BAM, COM7 top contenders for SET50 listing next year
Delta Electronics (Thailand) (DELTA), Bangkok Commercial Asset Management (BAM) and Com7 (COM7) are expected to be listed in the SET50 Index next year, experts said.
The Stock Exchange of Thailand (SET) usually announces stocks that will be listed in the SET50 and SET100 indices twice a year, and the list is normally officially released the month before. For instance, the listing of the abovementioned companies will be announced mid-next month and will go into effect from January next year.
An analyst at Asia Plus Securities said before SET’s announcement goes into effect, stocks that will be listed in the SET50 Index should generate average returns of 5.8 per cent, while stocks that will be listed in the SET100 Index should generate average returns of 0.6 per cent.
DELTA, which was recently listed in MSCI Global Standard, has been doing really well thanks to the change in people’s behaviour after the Covid-19 outbreak, as well as 5G technology and growth in the electric vehicle industry.
Asset-management firm BAM, meanwhile, has been benefiting from a rise in non-performing loans amid the economic crisis. Apart from this, the company is also getting ready to run new businesses to diversify risks and boost revenue, such as going into joint ventures with banks to manage debts and cooperating with real-estate companies to develop vacant land.
COM7’s stock price rose sharply thanks to the work-from-home trend in the fallout of Covid-19 despite the temporary closure of stores in the second quarter. In the second half of this year, COM7 also gained from Apple’s move to launch iPhone 12 before yearend and the government’s “Shop Dee Mee Kuen” (Shop and Payback) scheme launched to boost spending during the festive season.
