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Annual Report
2015
SET
mai
3.42
1.80
3.05
0.75
3.58
1.29
2013 2014 2015
SET
mai
13.39
20.82
16.06
32.41
14.51
27.38
2013 2014 2015
Dividend yield (unit: percent)
Forward PE ratio (unit: times)
Source: Bloomberg
The dividend yield and forward P/E ratio of SET and mai
at the end of 2015 remained attractive. In 2015, the dividend
yield of SET increased to 3.58 percent from 3.05 percent, and
mai rose to 1.29 percent from 0.75 percent. At the same time,
forward P/E ratio was at 14.51 times for SET and 27.38 times
for mai.
Fundraising
Value* (unit: THB million)
Number of companies
2015 2014 2013 2015 2014 2013
Initial public offering
130,611 113,990 191,600
41
45
38
Secondary offering
132,204 166,880 166,010 169
159
178
Total
262,815 280,870 357,610 210
196
216
*calculated by IPO price multiplied by the number of newly issued equities
Source: SETSMART
Equity capital raising activity was very active in 2015, for
both SET and mai which accounted for THB 319.8 billion (USD
8.9 billion) from 41 newly-listed securities. Of these, THB 131
In 2015, there were various types of investment on SET
ranging from common stocks, infrastructure funds and real
estate investment trusts, showing SET’s proactive strategy to
continuously drive and promote new listing of quality companies.
It was the first time in a decade that state enterprises and
subsidiaries made their investment choice in the capital market,
billion (USD 3.7 billion) was raised from the primary market,
consisting of 20 companies on SET, 13 companies on mai,
two infrastructure funds and six real estate investment trusts.
Capital raising of SET and mai
namely Global Power Synergy pcl (GPSC), a power-generation
unit of PTT Group; Star Petroleum Refining pcl (SPRC), one
of Thailand’s top refiners; and North Bangkok Power Plant
Block 1 Infrastructure Fund of Electricity Generating Authority
of Thailand (EGAT).