Daily BriefsThailand

Daily Brief Thailand: Banpu Public, Mr. DIY Holding (Thailand) and more

In today’s briefing:

  • Quiddity Leaderboard SET50 Dec 24: 3 Changes Likely; Some Changes to Expectations
  • MR. D.I.Y. Thailand Pre-IPO – Largest Home Improvement Retailer in Thailand


Quiddity Leaderboard SET50 Dec 24: 3 Changes Likely; Some Changes to Expectations

By Janaghan Jeyakumar, CFA

  • The SET50 index tracks the performance of the top 50 largest and most liquid names listed on the Stock Exchange of Thailand (SET).
  • In this insight, we take a look at the potential ADDs/DELs for SET 50 during the index rebal event in December 2024.
  • Currently, we see 3 expected ADDs/DELs and given that the 3-month reference period used for average market cap rankings have now started the rankings may be more stable. 

MR. D.I.Y. Thailand Pre-IPO – Largest Home Improvement Retailer in Thailand

By Nicholas Tan

  • Mr. DIY Holding (Thailand) (2472516D TB)  is looking to raise as much as US$300m in its upcoming IPO in Thailand.
  • It is the largest home improvement retailer in Thailand offering value prices i.e. “Always Low Prices” for over 15,000 products across a variety of departments. 
  • In this note, we look at the firm’s past performance.

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