Bangkok--Nov 23--SET
From Jan. 4, 2005 onwards, the SET will begin using several
adjusted sector classifications. The “Jewelry & Ornaments” and “Warehouse
& Silo” sectors will no longer exist, while several other sectors will
have their names changed. PRANDA, SAWANG, NC, and ICC will be moved to the
new Fashion Sector. BTC, KWC, SST, TSTE, and UST will be moved to the new
Transportation & Logistics Sector. Sector adjustments will better reflect
the country’s core industries as well as better cope with future listings.
Executive Vice President of The Stock Exchange of Thailand (SET)
Ms. Sopawadee Lertmanaschai, revealed that from January 4, 2005 onwards the
SET will adjust its sector classifications so as to enlarge the scope of
some sectors and make the classification system more flexible for dealing
with new listings on the Exchange. Moreover, the adjustments to the SET’s
sector classifications will permit them to better reflect the Thailand’s
most important industries. The industries positioned to become Thailand’s
most competitive arenas such as fashion, automotive, and transportation &
logistics will thus be added.
“The adjustments include renaming and re-defining 7 existing
sectors. And, the ‘Jewelry & Ornaments’ and ’Warehouse & Silo’ sectors
will no longer exist in 2005,” Ms. Sopawadee said.
The 7 sectors to be renamed and re-defined are:
CURRENT NAMES NEW NAMES
Building & Furnishing Materials to Construction Materials
Chemicals & Plastics to Petrochemicals & Chemicals
Pharmaceuticals Products & Cosmetics to Personal Products & Pharmaceuticals
Pulp & Paper to Paper & Printing Materials
Vehicles & Parts to Automotive
Textiles, Clothing & Footwear to Fashion
Transportation to Transportation & Logistics
Ms. Sopawadee also added that: “As the Jewelry & Ornaments
Sector will be abolished, its 2 listed companies--Pranda Jewelry Pcl.
(PRANDA) and Sawang Exports Pcl. (SAWANG)—will be moved to the Fashion
Sector (FASHION), as this sector’s definition includes jewelry and
ornaments-- which are also fashion products.”
For the 5 listed companies in the Warehouse & Silo Sector
namely Bangpakong Terminal Pcl. (BTC), Krungdhep Sophon Pcl. (KWC),
Sub Sri Thai Warehouse Pcl. (SST), Thai Sugar Terminal Pcl. (TSTE),
and United Standard Terminal Pcl. (TSTE), they will be moved to the
Transportation & Logistics Sector as warehouses and terminals are
now considered an integral part of the transportation business.
Also slated for a change in sector classification are Newcity
(Bangkok) Pcl. (NC) and I.C.C. International Pcl. (ICC), both currently
listed in the Commerce Sector. They will both be moved to the new Fashion
Sector as well. This is because more than 50% of their major revenue is
derived from the distribution of clothing products, which are considered
fashion items.
In accordance with these adjustments, the sector names that
appear in all forms of media will be re-shuffled alphabetically.
Nevertheless, their sector indexes will still remain, utilizing their
new names.
Attachment to the SET News Release No.154/2004, November 22, 2004
From To be changed to
Sector Symbol Sector Symbol
Building & Furnishing Materials BUILD Construction Materials CONMAT
Chemicals & Plastics CHEM Petrochemicals & Chemicals PETRO
Pharmaceuticals & Cosmetics PHARM Personal Products & Pharmaceuticals PERSON
Pulp & Paper PULP Paper & Printing Materials PAPER
Vehicles & Parts VEHIC Automotive AUTO
Textiles, Clothing & Footwear TEXT Fashion FASHION
Jewelry & Ornaments JEWEL Merged with the Fashion Sector
Transportation TRANS Transportation & Logistics TRANS
Warehouse & Silo SILO Merged with the Transportation & Logistics Sector
For more information,
please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036 /
Kulvida Jintakawong Tel: 0-2229-2037 /
Nattaporn Boonprapa Tel: 0-2229-2049 End.