SET announces Group Lease to join the SET CLMV and SET sSET indices

Stocks and Financial Services Press Releases Friday June 21, 2019 09:55
Bangkok--21 Jun--Group Lease
Group Lease Public Company Limited joins the SET CLMV and SET sSET indices in recognition of its strong financial position throughout Southeast Asia and active share liquidity

The Stock Exchange of Thailand (SET) announced the results of its semi-annual index review and added Group Lease PCL (GL) to the SETCLMV index, referring to SET companies who have a significant presence in Cambodia, Laos, Myanmar, or Vietnam (CLMV). To be selected for the CLMV index, a company must have at least 10% of annual revenues or at least revenue of THB 100 million from a CLMV country and must have a market cap of at least THB 5 billion, in addition to a few other free-float and trading requirements. GL presently has a market cap of more than THB 10 billion.

Mr. Alain Dufes, Chief Financial Officer of Group Lease Public Company Limited, stated that "in 2018, 19% of GL revenue came from Cambodia, 8% from Myanmar and 5% from Laos for a total of roughly 32%, or more than THB 900 million, from CLMV countries. The remaining 68% of GL revenue was from Thailand (64%) and Indonesia (4%). We expect in the long run for GL's CLMV revenue to continue to grow and become a larger portion of our company, even though Thailand will likely remain our largest single market for the foreseeable future."

Mr. Tatsuya Konoshita, Chief Executive Officer of Group Lease Public Company Limited, stated "we are pleased that the SET has taken the initiative to help investors in the Thai market identify companies that are leveraging Thailand's location and market to expand into nearby growing economies, as well as help Thai investors diversify their exposure from Thailand to more of Southeast Asia focus, all while under the good governance and familiar regulations of the SET."

Additionally, GL joined the sSET index, which is used to reflect the price movement of shares that have active, consistent trading liquidity in order to serve as a benchmark for the Thai market. GL is pleased the SET picked us to help represent the Thai stock market.

Overall, we are elated to share this news with our shareholders, stakeholders, employees, and the market. Our inclusion into these indices should make our stock more attractive and provide more confidence in us to investors. This is another example of GL continuing to earn the trust of the SET and our regulators in Thailand. We are proud they are willing to showcase us in their indices and look forward to continuing to work with them.

Latest Press Release

Bangkok Bank reports third quarter 2019 net profit of Baht 9,438 million

In 2019, the Thai economy is forecast to expand at a slower rate than in 2018. Slowing global growth, intensifying trade tensions and the unrelentingly strong Baht have weighed on both exports and tourism. Meanwhile, private consumption and private...

KTC declares 4.205 billion in first nine months net profits. Receivables growth hit an all-time high in the past two years with plans to expand member base and fortify quality of ports.

KTC announces net profits for the first nine months with a 8 percent growth at 4.205 billion. Budget will be allocated to stimulate marketing activities and expand member base. Policy to expand member base and in main business caused portfolio to have...

Witnessing Thai Peoples Lack of Financial Discipline, GoBear Seizes Opportunity to Organize Seminar on Financial Health GoBear Fin Detective #สืบฟินวินทุกเรื่องเงิน And Releases Latest Survey on What Causes Thais Unsuccessful in Achieving Financial Go

GoBear Thailand, Asia's leading financial supermarket, has invited celebrities and financial experts to participate in the seminar "GoBear Fin Detective #สืบฟินวินทุกเรื่องเงิน," aiming to encourage Thai people to pay attention to their financial health,...

TBANK Q3 2019 profit reaches record launches ThanachartDRIVE

Thanachart Bank Public Company Limited (TBANK) reported a consolidated net profit of 4,054 million baht for the third quarter of 2019, improving 12.86% from the previous quarter. Mr.Praphan Anupongongarch, Chief Executive Officer and President of...

Photo Release: EXIM Thailand and EXIM Bank Malaysia Discuss Ways to Promote Thai and Malaysian Trade and Investment

Mr. Pisit Serewiwattana (third left), President of Export-Import Bank of Thailand (EXIM Thailand), and EXIM Thailand's management welcomed Dato' Shahrul Nazri Abdul Rahim (third right), President and Chief Executive Officer of Export-Import Bank of...

Related Topics