STP&I Public Company Limited (STPI) Move Up 0.91% on Feb 13

February 13, 2018 - By Darrin Black

Shares of STP&I Public Company Limited (BKK:STPI) last traded at 5.55, representing a move of 0.91%, or 0.05 per share, on volume of 511,400 shares. After opening the trading day at 5.55, shares of STP&I Public Company Limited traded in a close range. STP&I Public Company Limited currently has a total float of 1.63 billion shares and on average sees 3.19 million shares exchange hands each day. The stock now has a 52-week low of 4.84 and high of 10.4.

Thailand’s Recovery From 1997 Asian Financial Crisis

Thailand has long been gradually growing as one of the best economies Asia has. It supports a lot of companies like STP&I Public Company Limited with many new clients. With its own efforts geared towards a fast-paced economy growth, Asia is able to thrive.

Thailand’s Role in the 1997 Asian Financial Crisis

Amid the setbacks it had put Asia through, the 1997 Asian Financial Crisis nonetheless served as a trampoline that facilitated an enormous jump in the Asian economy from the ground up.

The turmoil had started in Thailand after the national currency fell. As a result, the country had suffered from bankruptcy due to the lack of foreign currency support. What was originally a national economy dilemma rippled to other parts of Asia, greatly shaking the economies of Indonesia and South Korea as well. Hong Kong, Laos, Malaysia, and Philippines had also been affected. Lessons from this crisis were lifechanging for a lot of businesses at the market, including STP&I Public Company Limited.

The Recovery

Eventually, Thailand and all of Asia had been able to recover from the repercussions that the 1997 Asian Financial Crisis brought. Specifically, equity and foreign exchange markets in Asia had been able to stabilize, slowly leading the region to a much-needed healing.

The Stock Exchange of Thailand (SET), just like how Thailand had played an important role in the dilemma, had also played a major role in the recoup process. Until now, it is helping not only the country but the entire Asian economy to grow further, efficiently offsetting the losses accumulated in the past.

The SET is the primary stock exchange in Thailand. Founded on April 18, 1975, it is one of the youngest stock exchanges in Asia. Despite this, the SET has already proven itself to be as valuable as any major stock exchanges in the world.

The pre-market morning session on the SET starts at 9:30 a.m., and ends anytime between 9:55 a.m. and 10:00 a.m. The regular morning session starts anytime between 9:55 a.m. and 10:00 a.m., and ends at 12:30 p.m. Meanwhile, the pre-market afternoon session starts at 2:00 p.m., and ends anytime between 2:25 p.m. and 2:30 p.m. The regular afternoon session starts anytime between 2:25 p.m. and 2:30 p.m., and ends at 4:30 p.m. Lastly, the post-market session starts at 4:30 p.m., and ends anytime between 5:00 p.m. and 5:10 p.m.

The SET Index is the benchmark index weighing all the stocks listed on the SET. It is too broad of an economic indicator, which is why it is divided into two sub-indices: the SET50 and the SET100. This structure make the work of STP&I Public Company Limited easy. The former tracks the 50 biggest stocks on the SET while the latter tracks the 100 biggest stocks. A stock needs to be included in the SET100 before it is included in the SET50.

The SET50 was first published in August 1995. It measures stocks using a base value of 1,000. Its rebalancing happens semi-annually every December and June.

Thailand is home to endless growth potentials, making it ideal for investors to penetrate the Thai equity market today.

More notable recent STP&I Public Company Limited (BKK:STPI) news were published by: Reuters.com which released: “STP&I PCL says qtrly ‍net loss 162.2 mln baht” on November 14, 2017, also Reuters.com with their article: “STP&I Pcl reports FY net profit 1.37 bln baht vs 2.59 bln baht” published on February 24, 2017, Reuters.com published: “STP&I Pcl says qtrly net profit 121.4 mln baht” on November 10, 2016. More interesting news about STP&I Public Company Limited (BKK:STPI) were released by: Reuters.com and their article: “STP&I Pcl signs contract in relation to Algerian Qatari steel project” published on October 17, 2016 as well as Reuters.com‘s news article titled: “STP&I PCL qtrly profit for the period 571.8 million baht” with publication date: August 15, 2016.

STP&I Public Company Limited engages in the steel fabrication works, and manufacture of boilers and pressure vessels in Thailand, Japan, Philippines, Italy, and internationally. The company has market cap of $9.02 billion. It offers steel structure products for airports, exhibition halls, high-rise buildings, factories, automobile plants, steel mills, boilers, turbine buildings, equipment support structures, refineries, gas separation plants, aromatic plants, bridges, built-in cable anchor structural decks, main structures, decking for cable stay bridges, flyovers, and pipe bridges jetties. It currently has negative earnings. The firm also provides piping pre-fabrication and piping erection services for various industrial plants, including power plants, oil refineries, petrochemical plants, offshore process plants, etc., as well as produces offshore and onshore modules.

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