In today’s briefing:
- Quiddity Leaderboard SET50 Dec 24: 3 Changes Likely; INTUCH-GULF Merger Should Be Monitored
- Energy Absolute: Absolutely Negative Energy
Quiddity Leaderboard SET50 Dec 24: 3 Changes Likely; INTUCH-GULF Merger Should Be Monitored
- 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.
- At present, we see 3 ADDs and 3 DELs but since the reference period is yet to start, the rankings can fluctuate significantly before the base date.
Energy Absolute: Absolutely Negative Energy
- Energy Absolute Public Company Limited (EA)’s negative headlines have gradually emerged since the beginning of the year.
- The most negative news came on 12-July when Thailand’s Securities Exchange Commission (SEC) accused Mr. Ahunai together with his deputy CEO and his business partner of committing fraud during 2013-2015.
- Our liquidity analysis of EA’s latest financial statements ending in March tells us EA does not necessarily have to resort to bankruptcy.
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