Golden Land Property Development Public Company Limited (GOLD) Increases 0.6% on Dec 7

December 7, 2017 - By Adrian Mccoy

Shares of Golden Land Property Development Public Company Limited (BKK:GOLD) last traded at 8.4, representing a move of 0.6%, or 0.05 per share, on volume of 79,400 shares. After opening the trading day at 8.4, shares of Golden Land Property Development Public Company Limited traded in a close range. Golden Land Property Development Public Company Limited currently has a total float of 2.32B shares and on average sees 9.67 million shares exchange hands each day. The stock now has a 52-week low of 6.25 and high of 10.

SET Index: A Small But Terrible Index

Almost two decades after the Asian Financial Crisis of 1997, Asia has grown to become an economic powerhouse. And Golden Land Property Development Public Company Limited is proud to work there. That time, almost all Asian nations had suffered vastly— especially Hong Kong, Indonesia, Laos, Malaysia, Philippines, South Korea, and Thailand. Even if the meltdown had begun with Thailand’s financial woes, the country has since then emerged victorious in the recovery process, successfully overcoming all the economic challenges.

Thailand is one of today’s fastest growing economies, thanks to the Stock Exchange of Thailand (SET). It may not yet be as experienced and as large as other stock exchanges in Asia but it is surely full of potentials that can facilitate further economic progress. There is no doubt that with a constant growth Golden Land Property Development Public Company Limited and others will expand its lists of investors.

The SET

The SET was formed in April 1975 to serve as Thailand’s main stock exchange. More than 500 companies are already listed on it as of January 2015, bringing its total market valuation to almost $500 billion. Interestingly as well, the SET has made Thailand as the first Asian country to join the Sustainable Stock Exchanges initiative of the United Nations (UN).

The pre-market trading on the SET opens at 9:00 a.m. and lasts for 25 to 30 minutes. The regular trading immediately follows and lasts until 12:30 p.m. Before the regular trading resumes, there is another pre-market trading that opens at 2:00 p.m. and lasts for 25 to 30 minutes. Then, the regular trading immediately resumes and lasts until 4:30 p.m. As soon as the market closes, the post-market trading opens and lasts for 30 to 40 minutes. Investors are catching up with Golden Land Property Development Public Company Limited at this time.

The SET Index

The SET Index was established a few days after the foundation of the SET in April 1975. Its base value of 100 points had also been established on that day.

The SET Index is a broad representation of the Thai equity market, paving way to the establishment of investible sub-indices: 1) SET100; and 2) SET50. The former monitors the 100 most active companies on the SET while the latter monitors the 50 most active companies. A stock cannot be included in the SET50 if it is not included in the SET100.

First published in August 1995, the SET50 has a base value of 1,000. Like its parent indices, it measures stocks based on market capitalization. Rebalancing of the components occur every December and June every year. The changes made then take effect on the first trading day of the following months, respectively.

The components of the SET50 are classified into various sectors. The biggest sectors include Transportation, Materials, and Energy.

In October 2011, the SET50 had posted its all-time low of 636.07. In May 2013, it had posted its all-time high of 1,079.78.

The potentials of the Thai equity market cannot be underestimated. The same goes for its growth prospects. By 2019, Asia is widely believed to account for more than a quarter of the global financial wealth; and Thailand is surely one of the reasons behind that success. Consequently, investors are strongly urged to invest on SET stocks today. Some of them prefer to invest in Golden Land Property Development Public Company Limited.

Another recent and important Golden Land Property Development Public Company Limited (BKK:GOLD) news was published by Reuters.com which published an article titled: “Two Thai property developers plan REIT listings” on January 13, 2015.

Golden Land Property Development Public Company Limited, together with its subsidiaries, engages in property development business in Thailand. The company has market cap of $19.52 billion. It operates in three divisions: Real Estate Business, Rental and Commercial Building Business, and Others. It has a 17.99 P/E ratio. The firm develops office buildings and residential buildings.

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