Thai Union Group Public Company Limited (TU) Moves Up 0.99% on Feb 14

February 14, 2018 - By Marguerite Chambers

Shares of Thai Union Group Public Company Limited (BKK:TU) last traded at 20.4, representing a move of 0.99%, or 0.2 per share, on volume of 499,000 shares. After opening the trading day at 20.2, shares of Thai Union Group Public Company Limited traded in a close range. Thai Union Group Public Company Limited currently has a total float of 4.77 billion shares and on average sees 13.52 million shares exchange hands each day. The stock now has a 52-week low of 17.7 and high of 22.7.

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 Thai Union Group 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 Thai Union Group 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 Thai Union Group 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 Thai Union Group Public Company Limited.

More notable recent Thai Union Group Public Company Limited (BKK:TU) news were published by: Reuters.com which released: “Thai Union to buy Canadian lobster processor” on July 05, 2016, also Reuters.com with their article: “Thai Union buys stake in US chain Red Lobster in $575 million deal” published on October 10, 2016, Marketwatch.com published: “Thai Union Group PCL” on October 10, 2016. More interesting news about Thai Union Group Public Company Limited (BKK:TU) were released by: Reuters.com and their article: “Thai Union beats market on strict cost control” published on November 06, 2017 as well as Reuters.com‘s news article titled: “Thai Union eyes overseas expansion, to tap online markets” with publication date: November 29, 2017.

Thai Union Group Public Company Limited, together with its subsidiaries, makes and sells frozen, chilled, and canned seafood in Thailand and internationally. The company has market cap of $97.35 billion. The Company’s products include ambient seafood products, such as tuna, sardines, mackerel, herring, and salmon for retail and wholesale customers; frozen and chilled seafood products comprising shrimp, lobster, and crab directly to restaurants, hotels, and caterers; ready-to-cook or ready-to-serve products, as well as bakery treats; marine ingredients; and pet care products, which comprise surimi fish snacks, canned cod liver, and wet seafood cat and dog foods. It has a 17.63 P/E ratio. The firm provides its products under the Chicken of the Sea, GENOVA, John West, Petit Navire, Parmentier, King Oscar, Mareblu, Rugen Fisch, Hawesta, LYSELL, FEUILLE D'OR, Sealect, Bellotta, and Marvo brands.

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