Thirteen Thai Stocks Added To MSCI Indices Effective From Nov 30

The Stock Exchange of Thailand (SET) revealed that MSCI Inc., index provider, would add 13 Thai stocks in its indices, consisting of four Thai stocks -- AOT, BGH, CPN, and MAKRO – added to MSCI Global Standard Indices, and nine Thai stocks -- BAFS, GOLD, LOXLEY, ROJNA, SRICHA, SITHAI, SVI, TK, and VIBHA – added to MSCI Global Small Cap Indices. These changes are as part of MSCI semi-annual index review which will be effective from November 30.
 
SET President Charamporn Jotikasthira said The MSCI review released on November 14 showed that there were four Thai stocks added to MSCI Global Standard Indices, while there was no Thai stocks removed from the indices. The four stocks, having a combined market capitalization of THB 539 billion (USD 17.4 billion), are Airports of Thailand pcl (AOT), Bangkok Dusit Medical Services pcl (BGH), Central Pattana pcl (CPN), and Siam Makro pcl (MAKRO). Consequently, there are a total 22 Thai stocks in the indices.
 
In addition, nine Thai stocks were added to MSCI Global Small Cap Indices and five stocks were removed from the indices. The additions are Bangkok Aviation Fuel Services pcl (BAFS), Golden Land Property Development pcl (GOLD), Loxley pcl (LOXLEY), Rojana Industrial Park pcl (ROJNA), Sriracha Construction pcl (SRICHA), Srithai Superware pcl (SITHAI), SVI pcl (SVI), Thitikorn pcl (TK), Vibhavadi Medical Center pcl (VIBHA). The five deletions were Electricity Generating pcl (EGCO), Minor International pcl (MINT), Ratchaburi Electricity Generating Holding pcl (RATCH), Robinson Department Store pcl (ROBINS), and True Corporation pcl (TRUE).
 
MSCI Indices are designed to measure equity market performance. They are well-known among foreign institutional investors, especially for foreign fund managers using MSCI indices as benchmarks to measure Thailand’s equity market. However, the MSCI indices provides into category, including regional, country, size, and sector indices, MSCI doesn’t calculated all stocks traded on SET in its indices, but will choose only qualified stocks, considering from market cap, liquidity, number of tradable stocks for foreign investors.
 
“The additions of Thai stocks in MSCI Global Standard Indices are meaningful as it would encourage foreign investors to add weighting to the Thai stock market. The Thai stocks market is currently weighted at 2.93 percent in MSCI AC Asia ex-Japan, up from 2.65 percent in the beginning of this year. This reflects that the Thai listed companies have expanded in term of size and have more liquidities,” Charamporn added.