Analysts came to the same conclusion that BAM, DELTA and COM7 would enter SET50 in this upcoming adjustment in mid-December, while BPP, IRPC and WHA would be delisted from the index, recommending “Speculation” on BAM on an upside in share price. As for SET100, analysts expected JMART to be included in the list.
The Stock Exchange of Thailand stated that new accounts for trading stocks increased 554,000 accounts in the first nine months of 2020, the highest figure since establishment.
Trinity Securities stated that from the latest index calculation, Delta Electronics (Thailand) Public Company Limited (DELTA), Bangkok Commercial Asset Management Public Company Limited (BAM) and COM7 Public Company Limited (COM7) are expected to be listed in the upcoming SET50/SET100 index adjustment this mid-December, as well as Jay Mart Public Company Limited (JMART) would enter SET100.
Meanwhile IRPC Public Company Limited (IRPC), Banpu Power Public Company Limited (BBP) and WHA Corporation Public Company Limited (WHA) are at risk to be deleted from the index. Pruksa Holding Public Company Limited (PSH), Siamgas and Petrochemicals Public Company Limited (SGP) and Asia Aviation Public Company Limited (AAV) are tended to out of SET100.
For investment themes, Trinity picked BAM on expectation to be listed in both SET50 and SET100, pointing out that the stock has upside in price, on the other hand, suggested avoiding investing in stocks that are at risk to delisted from the index such as IRPC, BPP and WHA.
Capital Nomura Securities (CNS), for the SET50/100 rebalance, expected DELTA, BAM and COM7 to enter SET50 and forecasted M B K Public Company Limited (MBK) and JMART to enter SET100. The announcement of index rebalance by SET is dated around mid-December and will be effective from January 1, 2021 onwards.