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“The plunge in SET Index over the past few days was due mainly to external factors, including currency measures in Asia and concerns over debt problems in Europe. These factors affected exchanges in many regions, not only the Thai exchange,” revealed The Stock Exchange of Thailand (SET) President Charamporn Jotikasthira.
The fundamentals of SET-listed firms remain attractive, particularly as their collective operating performance in Q3/2010 posted a 25.44% rise over the same period last year and a 17.23% rise over Q2/2010 results.
Investors should have confidence in the listed firms’ strong fundamentals, which still offer opportunities for them. Moreover, during this period, there will be funds flowing into the Thai bourse from those seeking the tax breaks obtained from buying into long-term equity funds (LTFs) and retirement mutual funds (RMFs).
Summary of Thai listed companies’ net profits in Q3/2010
As of November
16, 2010
Unit:
THB million
- Quarterly
|
|
Q3/2010 |
Q3/2009 |
% Change |
|
Net profits |
152,281 |
121,393 |
25.44 |
- Q3/2010 v.s. Q2/2009
|
Unit: THB million |
Q3/2010 |
Q3/2009 |
% Change |
|
Net profits |
152,281 |
129,895 |
17.23 |
- 9M YTD 2010 vs. 9M YTD 2009
|
Unit: THB
million |
9M/2010 |
9M/2009 |
% Change |
|
Net profits |
437,601 |
330,430 |
32.43 |
