The Stock Exchange of Thailand (SET) has been monitoring trading activity of securities in the ETRON sector and has observed that, over the past week, prices and trading volumes have increased significantly. This was partly driven by strong operating results and investment plans announced by companies involved in AI and Data Center businesses, both domestically and internationally. However, certain securities within this sector have seen prices, trading volumes, and turnover ratios rise substantially, with Price-to-Earnings (P/E) and Price-to-Book Value (P/BV) ratios reaching elevated levels, reflecting speculative activity beyond fundamental support.
If abnormal trading conditions are detected, such as prices, volumes, or turnover ratios reflecting excessive speculation without fundamental support, or if trading conditions remain inconsistent with fundamentals even after the market surveillance measures have been applied, SET will consider imposing the Market Surveillance Measures Level 1 or escalating to higher-level measures (Level 2 and 3) as appropriate. Currently, CCET and SMT are subject to the Market Surveillance Measures Level 1, and DELTA remains in its Cooling Period and may be subject to an escalation of measures.
Therefore, SET urges all investors to carefully consider fundamental data and other material information before making any trading decisions.
Remark:
- Under the Market Surveillance Measures, securities companies are required to comply with the following:
Level 1: Excluded from credit limit calculation; purchase by Cash Balance only (100
percent cash payment required)
Level 2: All Level 1 measures, plus prohibition on net settlement and trading via auction
method only.
Level 3: A one-day suspension of trading, followed by all Level 2 measures upon
resumption of trading.
- Cooling Period: During the one-month period following removal of the Market Surveillance Measures, if any abnormality is detected, the security will be reinstated under the Market Surveillance Measures or placed under a higher level of measures if the trading abnormality has increased.
