Bangkok--15 Nov--SET
“Two companies listed on The Stock Exchange of Thailand (SET) have been added to MSCI Index-- Indorama Ventures PCL (IVL) and Thai Airways International PCL (THAI). The changes will be effective on November 30, 2010,” revealed SET President Charamporn Jotikasthira.
The MSCI Index is an underlying index provided for global institutional investors as a benchmark on investment returns. When adding any given country to the Index, MSCI does not include all of that country’s listed firms in the Index, but only those which pass MSCI’s standards.
“Both IVL and THAI are in the SET50 Index, with high liquidity and trading values. They also receive great attention from local and foreign investors, particularly IVL, which has just listed on the SET this year, with a market capitalization (based on its IPO price) of THB44.00 billion (approx. USD1.47 billion). As of November 10, 2010, IVL’s market capitalization was at THB182.04 billion (approx. USD6.67 billion). It is a pleasure to congratulate these two firms, which help show that SET-listed firms and the exchange itself have strong fundamentals and promising growth potential,” concluded Mr. Charamporn.
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Members of the media should contact the Public Relations Unit, Corporate Communications Dept.: Ladawan Kantawong, tel: 0-2229-2036 / Kanokwan Khemmalai tel: 0-2229-2048 / Nattaya Muangman, tel: 0-2229-2043