September 14, 2020

Thai Enquirer Summary

Economic News

The disbursement of the 2021 budget that was supposed to start on October 1st is likely to

be delayed after Dechapiwat na Songkhla, the director of the Budget Bureau, has sent an

urgent letter to all state agencies on September 10, informing them that the government

would be unable to disburse the budget for the next fiscal year on time.

Under Section 141 of the constitution and Section 12 of the Budget Procedures

Act, Dechapiwat said, the government is allowed to draw on last year’s budget to

cover its expenditures, pending the passage and enactment of a new budget to

prevent a crisis from disagreements during the budget deliberation process.

A source with the Finance Ministry confirmed that the delay in disbursing next

year’s budget will not affect salaries of state employees and welfare benefits but

likely to affect the government’s new investment projects.

It is reported that only about 25 per cent of the budget can be disbursed for

now

This is a similar problem to those seen last year when the October 1 budget

disbursement was delayed all the way to the start of this year amid all the political

wrangling in the country.

A copy of the letter for the delayed budget disbursement

The budget disbarment problem was expected after the government was unable to

pay the 600 baht a month to the elderly who went to get their money last week but

were told that at the moment the government does not have the funds to pay the

millions of elderly people in the country.

The details of the payments for the elderly which was supposed to be

disbursed on September 10, 2020

The government plans to set up a special permanent committee to address the problem of

informal debt facing Thai people across the country.

Under the new committee, the government plans to gather complaints from the

public and draw a 1-week deadline to solve the problem, said deputy government

spokeswoman Ratchada Dhnadirek. In response, the Royal Thai Police Office has

set up the Centre for Informal Debt Suppression to crack down on influential

figures who operates loan sharks or personal loan business without permission.

The Thai Hotels Association (THA) issued a statement seeking assistant measures from

the government as the COVID-19 pandemic continues wreaking havoc on hotel

operators.

About 1 million hotel staff were laid off and demand for labour in the sector

shrank by 75 per cent because half the hotels nationwide remain closed, THA

president Marisa Sukosol Nunbhakdi, citing THA findings.

The findings reported that if the situation does not improve another

million could stand to lose their jobs in the next 6-12 months.

If the situation does not improve over the next 3-6 months, the number of

unemployed will likely escalate because the local market alone cannot sustain the

business of the vast majority of hotel operators, the THA president said,

complaining that the government’s tourism stimulus packages provide vague

details on improvements to the tourism industry.

In its statement, the THA asked the Ministry of Finance to set up a 100-billion-

baht development and rehabilitation fund for tourism businesses affected by the

COVID-19.

The association will propose that the Bank of Thailand grant a 20 per cent

increase in soft loans from the initial budget for small and medium-sized hotels at

2 per cent interest and allow hotels to pay back the loans within 2-3 years to ease

the burden from the effects of the pandemic. It will also ask the central bank to

offer a two-three-year year grace period for paying back loans at a fixed 2 per

cent interest.

Meanwhile the government of embattled Prime Minister Prayut Chan-o-cha seems to

have given in to the pressure by the public, who have complained that more than 300

million baht has been spent on fighting the case against the use of Section 44 of the

government of coup leader – Prayut, to close the Thai mining operations of Australian

mining firm Kingsgate Consolidated Ltd.

Kingsgate came out to state that the Thai government has loosened its stance by

allowing Kingsgate to be able to sell some of the things it has mined.

Kingsgate on September 10, 2020 gave an update on the ongoing case

“Kingsgate Consolidated Limited (ASX:KCN) (“Kingsgate” or the

“Company”) is delighted to announce that its subsidiary, Akara

Resources, has been granted permission by the Thai Government

to sell the high value gold and silver “sludge,” which is secured at

the Chatree Gold Mine, to a Thai refinery to be processed into fine

gold and silver.”

“Kingsgate sees it as a small but positive step, and seemingly as an

act of good faith, indicating a new willingness by the Thai

Government to pursue a negotiated settlement between the two

parties, a process KCN has advocated for some considerable time”

o https://www.kingsgate.com.au/update-on-the-gold-sludge-

held-at-the-chatree-gold-mine/

The Thai Gem and Jewellery Traders Association (TGJTA) said it expect 500 operators

to close down factories, accounting for around 30 per cent of 1,600 members of the

association until the end of this year, in the wake of the COVID-19 outbreak that caused

Thailand to shut its doors to foreign visitors.

In the first 7 months, gem and jewellery exports, excluding volatile gold, fetched

merely 79.432 billion baht, down 43 per cent year-on-year, a shortfall of 60.115

billion baht from last year, Somchai Phornchindarak, TGJTA president, said.

New land prices have been announced and

Lands on Silom Road are the priciest, according to data on estimates in Bangkok

gathered from 2016-2019 and reported by the Treasury Department on its website.

Silom had the highest estimated price at 700,000-1 million baht per square

wah (4 square metres), followed by lands on Phloen Chit Road (900,000

baht per sq.wah) and lands on Rajdamri Road (750,000-900,000 baht per

sq.wah).

Meanwhile, the cheapest lands in Bangkok are farmlands in Bangkhuntien

district, which are estimated at 500-10,000 baht per sq.wah.

SET-listed Tipco Asphalt Plc (TASCO), the country’s biggest asphalt maker, is expected

to see a drop in revenue by 50 per cent from its oil refinery in Malaysia which contributes

over 70 per cent of TASCO’s revenue following the US’s sanctions against Venezuela.

The company was told by the US State Department to stop purchase crude oil

from Venezuela or it could face sanctions from the US if it fails to pay heed to

this warning, said TASCO managing director Chaiwat Srivalwat.

As a result, TASCO stopped acquiring crude oil from Venezuela and closed its

refinery in Kemaman temporarily until the US lifts sanctions against Venezuela.

Krungsri Securities (KS) analysts said the news caused a negative impact on

TASCO refinery business in Malaysia, accounting for 50 per cent of TASCO’s

revenue. KS suggests investors to avoid TASCO stocks as the news will definitely

have an impact on TASCO’s stock price today.

Political News

The finance ministry portfolio that was left vacant following Predee Daochai’s

resignation remains a subject of speculation amid rumours that Deputy Prime Minister

Supattanapong Panmeechaow, who doubles as the Energy Minister, has a tendency to be

given the finance portfolio while there is a tendency for embattled Prime Minister Gen

Prayut Chan-o-cha to shift Suriya Jungrungreangkit from the industry portfolio to the

energy one.

There are reports that Supattanapong met with Phalang Pracharat Party (PPRP)

MPs during the past weekend. Than Settakij newspaper confirmed the possibility

that Supattanapong will be given the finance portfolio as there is no outsider who

is suitable for the Finance Ministry’s top job, citing a source with the PPRP.

There are reports that several factions inside the PPRP, especially a clique under

Capt Thammanat Prompao and the Saam Mitr group, gave full backing for

Sapattanapong to take over the finance ministry portfolio to push for Suriya to

take over the energy portfolio, Santi Promphat to become the Industry Minister

and Naruemon Pinyosinwat to replace Santi as deputy finance minister. The PPRP

will be able to secure another deputy minister’s post under the party’s quota.

However, another report said Gen Prayut has sent a clear signal that there will be

no shifting of portfolios among new ministers in the Prayut 2.0 cabinet. The

Prime Minister is quoted as saying that another cabinet reshuffle would be a waste

of time for the government to solve economic problems. Gen Prayut did not want

the public to perceive his cabinet as cabinet musical chairs.

However, Deputy Prime Minister Gen Prawit Wongsuwan, as PPRP leader, plans

to submit this formula to Gen Prayut soon. If this goes as planned, another cabinet

reshuffle is expected to take place at the end of September or early October.

Separately, Pheu Thai MP for Maha Sarakham Yutthapong Charasathien continues his

scepticism about the education credentials of Deputy Finance Minister Santi Promphat

after the latter came out to claim that he received a PhD degree in electric vehicles from

King Mongkut’s Institute of Technology Ladkrabang.

Yutthapong said he is dubious about Santi’s educational credentials because the

KMITL has no such degree in electric vehicles. The Pheu Thai MP said he

believed that Santi earned a degree in Industrial Business Administration, opened

in 2016. However, the question regarding Santi’s educational background came

after Santi told the parliament that he received a bachelor’s and master’s degrees

in Engineering from Ramkhamhaeng University before he went to pursue a PhD

in Industrial Business Administration. Yutthapong called for Santi to clarify

ambiguity about his educational background.

In regards to the ongoing protest moment, there were small protests held all over

Thailand during the weekend.

A small gathering was held at the Bangkok Art & Culture Center (BACC) where

some 100 odd people turned up to show their solidarity with the students and their

cause.

Another small gathering of protestors was held on Sunday at the Democracy

Monument in Bangkok

A small gathering was also organized in Phatthalung province (near Songkla) also

held a rally of a couple of hundred students

A small gathering was also held in Chiang Mai where students held a rally to call

for amendment of the constitution

The problem arose in Lopburi province where both those who are supporting the

‘Free Youth Movement’ and those who opposed it gathering and came come face

to face. They had a small argument but the intervention by the police helped calm

the situation and stopped it from escalating.

Meanwhile CSI LA Facebook page unveiled a document signed by Chon Buri Governor

which was sent out to university rectors including rector of Rajamangala University of

Technology Tawan-ok’s Uthen Thawai campus, rector of Burapha University, rector of

Kasetsart University, Sriracha campus and Sripatum University in Chon Buri.

The document, deemed the “most urgent”, contains the outcome of a meeting on

measures to deal with planned political rallies by the “Free Youth” Group and the

Student Union of Thailand (SUT). The document also addressed concerns about

inappropriate behaviours of some group of people.

Former rector of Thammasat University Charnvit Kasetsiri, also a member of the Faculty

of Political Science’s alumni, revealed his open letter to Kesinee Withoonchart, the

current rector, expressing his confidence that generation Z students adhere to former

rectors Sanya Dharmasakti and Puey Ungpakorn’s “Santi Prachatham” philosophy.

Charnvit urged the university’s administrators to provide safe space for students to hold

the rally.

On the contrary, Suvinai Pornavilai, strategic chairman of the Thai Direction

Institute, said on his Facebook page that the Thai Direction Institute and former

rector Kaewsan Atibodhi objected use of university venue for the rally, perceiving

the organisers for their lack of transparency, responsibility and the ability to hold

a peaceful protest.

On the charter amendment push, there are reports that Phalang Pracharat Party (PPRP)

list MP and deputy leader Paiboon Nititawan will submit a petition at 10.30 hrs today

(September 14) to the House speaker to oppose 4 motions filed by the opposition parties

on September 10 seeking to amend the Constitution.

Paiboon said he found a technical problem regarding the 4 motions from the

opposition bloc. He claimed that same MPs have signed their names to support

the opposition’s 4 motions and the opposition’s petition seeking an additional

amendment to Section 256 of the constitution filed on August 17. Paiboon said

this problem cast doubt on the legality of the opposition’s motions, fearing that

they could lead to legal problems later.

Meanwhile, Gen Somjet Boonthanom, an appointed senator, decried the

opposition’s push to “switch off” the Senate’s power to vote for the prime

minister along with the Lower House. He said the push is unnecessary because

political parties are the one who decide on prime ministerial candidates, not

senators. In Somjet’s view, senators do not have enough power to elect a prime

minister. Gen Somjet hit back at the opposition as he said that the real “slave

Senate” was apparent during the previous government of former prime minister

Yingluck Shinawatra in 2013 when the coalition parties under her government

sought to amend Section 11 of the charter regarding the origin of senators.

Senator Seri Suwannapanont already came out to announce that the Senate is

likely to vote down all 4 motions filed by the opposition to pave the way for the

writing of a new constitution. He said it was clear the intention behind the 4

motions was to throw the blame on the 250 senators and make them look bad.

The Senate whip will discuss the opposition’s 4 charter amendment bills at a

meeting today (September 14).

General News

Thailand has confirmed 7 new imported cases of the novel coronavirus, raising the total

tally to 3,473.

Seven new cases imported from Bahrain, India and Australia, the Centre for

Covid-19 Situation Administration (CCSA) said yesterday (September 13).

The new cases were four Thai and three Indian nationals. Fatalities remain

unchanged at 58.

On Friday the government announced that a footballer had tested positive for the virus

and now close to 100 people are under surveillance for possible spreading of the virus

and are set to go for 2nd

test today after having gone through their 1st test over the

weekend.

Globally the numbers are set to reach 30 million infections and near 1 million deaths

India is showing numbers that are reaching close to 100,000 new cases each day

Political News Headlines in Thai Media

A student group from Chulalongkorn University are calling for a statue of Thai

revolutionary and leftist writer Chit Phumisak on the 90th anniversary of his birth later

this month.

o Link- https://www.thaienquirer.com/18212/student-group-calls-for-statue-of-thai-

revolutionary-chit-phumisak-to-mark-the-continuing-struggle-for-democracy/

Following the controversial and high-profile resignation of Finance Minister Predee

Daochai after less than a month in office, the Prayut Chan-ocha administration has spent

the past fortnight searching for a new candidate to take his place.

o Link- https://www.thaienquirer.com/18209/cabinet-reshuffle-on-the-cards-as-

multiple-candidates-reject-prayut-on-finance-post/

Despite compromising on every ideal to woo the Chinese box office market, Disney’s

Chinese epic Mulan has fallen flat on the mainland with lackluster ticket sales and

negative reviews.

o Link- https://www.thaienquirer.com/18206/despite-disney-compromising-on-their-

ideals-to-woo-chinese-audiences-mulan-falls-flat-on-the-mainland/

I have more questions for you than answers. What more evidence do you need to see that

high school students are being intimidated by adults in their schools for expressing their

minds?

o Link- https://www.thaienquirer.com/18127/opinion-questions-for-the-adults-so-

threatened-by-the-protest-of-children/

Thai Pakdee has gathered more than 80,000 signatures to block any potential

constitutional amendment, the group announced on Friday.

o Link- https://www.thaienquirer.com/18196/royalist-pressure-group-thai-pakdee-

gathers-more-than-80000-signatures-to-block-constitutional-change/

Thai public health officials confirmed on Friday that a footballer has tested positive for

coronavirus.

o Link- https://www.thaienquirer.com/18199/18199/

When Justice Robert Jackson opened the trials at Nuremberg to try the leaders of Nazi

Germany for crimes against humanity and the holocaust, he said the following:

o Link- https://www.thaienquirer.com/18154/opinion-never-say-never-again/

Two leaders of the United Front for Democracy against Dictatorship and one veteran

politician will be released from jail on a royal pardon granted by His Majesty the King.

o Link- https://www.bangkokpost.com/thailand/politics/1984623/2-red-shirt-leaders-1-

politician-receive-royal-pardon

A Thammasat University alumni group announced via social media channel on Saturday

its support for the political rally to held in the university on September 19.

o Link-

https://www.nationthailand.com/news/30394436?utm_source=category&utm_mediu

m=internal_referral

Students will converge on parliament on Sept 23 and 24 to closely monitor whether MPs

will accept in principle a motion to set up a constitution drafting committee. They also

insisted their planned protest on Saturday will not be violent.

o Link- https://www.bangkokpost.com/thailand/politics/1984283/protesters-watching-

govt-closely

A poll by the National Institute of Development Administration (Nida) showed that over

three-fourths of Thai people want to scrap the role of senators in picking the prime

minister by rewriting Section 272.

o Link-

https://www.nationthailand.com/news/30394475?utm_source=category&utm_mediu

m=internal_referral

A parliamentary committee has responded to demands for reform from the youth-led anti-

establishment movement by organizing a dialogue forum to discuss their calls, including

monarchy reform, on September 22.

o Link-

https://www.nationthailand.com/news/30394474?utm_source=category&utm_mediu

m=internal_referral

Economic News Headlines in Thai Media

On Friday, shares of AAPICO Hitech PCL (AH), a leading automotive industrial firm,

rose 14.59 per cent to 10.60 baht per share, hitting its price ceiling.

o Link- https://www.thaienquirer.com/18196/royalist-pressure-group-thai-pakdee-

gathers-more-than-80000-signatures-to-block-constitutional-change/

Around 200 street vendors have handed an open letter to the Government Complaint

Center on Friday to ask the Prime Minister to extend the grace period and allow street

vendors to continue to operate.

o Link- https://www.thaienquirer.com/18185/street-vendors-ask-for-governor-of-

bangkok-to-be-sacked-for-not-following-pms-policy/

Forget Prince Charming, forget Aladdin, forget Simba, your 21st century Disney Prince

should accurately reflect the values of the multi-billion dollar empire that now owns not

only Disney but the Star Wars Franchise and the Marvel Universe as well.

o Link- https://www.thaienquirer.com/18184/your-21st-century-disney-prince-should-

be-a-controlling-manipulating-person-who-keeps-you-locked-up-in-a-tower/

Jay Mart PCL (JMART) reported that it approved a registered capital increase at the

amount of 362.64 million baht to 1,470.72 million baht by issuing 362.64 million

ordinary shares at the par value of 1.00 baht.

o Link- https://www.thaienquirer.com/18170/sharp-drop-on-jmart-and-jmt-shares-after-

capital-increase-and-debenture-issuing-announced/

The Bank of Thailand (BOT) has announced 18 public holidays in 2021 for financial

instiutions.

o Link-

https://www.nationthailand.com/news/30394439?utm_source=category&utm_mediu

m=internal_referral

Australian gold miner Kingsgate Consolidated has claimed a small victory in its ongoing

feud with the Thai government after being granted permission to sell the gold and silver

“sludge” at its shuttered Chatree mine in Phichit.

o Link-

https://www.nationthailand.com/news/30394386?utm_source=category&utm_mediu

m=internal_referral

The Student Loan Fund (SLF) plans to increase its loan budget for academic year 2020

from Bt34 billion to Bt37 billion to help students and parents during the Covid-19

situation, and expects up to 650,000 borrowers.

o Link-

https://www.nationthailand.com/news/30394419?utm_source=category&utm_mediu

m=internal_referral

The Gold Line monorail had a successful test run on Friday (September 11), Bangkok

Governor Aswin Kwanmuang said, adding this service will be opened in October.

o Link-

https://www.nationthailand.com/news/30394429?utm_source=category&utm_mediu

m=internal_referral

Projects under the Village Fund worth Bt16 billion have been approved by a state

subcommittee vetting the budget for local community development.

o Link-

https://www.nationthailand.com/business/30394391?utm_source=category&utm_me

dium=internal_referral

Betong Airport in the southern province of Yala should be open for services by

December, Deputy Transport Minister Thaworn Senneam said

o Link-

https://www.nationthailand.com/business/30394388?utm_source=category&utm_me

dium=internal_referral

Lands on Silom Road are the priciest, according to data on estimates in Bangkok

gathered from 2016-2019 and reported by the Treasury Department on its website.

o Link-

https://www.nationthailand.com/property/30394430?utm_source=category&utm_me

dium=internal_referral

Over a million job vacancies will be listed during Job Expo Thailand 2020, according to

the Labour Minister.

o Link- https://www.bangkokpost.com/business/1984247/job-expo-targets-fresh-grads-

with-mass-vacancies

The delay in disbursing next year's budget won't affect the government's investment

projects, salaries of state employees and welfare benefits, the spokesman for a House

committee vetting the budget for the 2021 fiscal year said on Sunday.

o Link- https://www.bangkokpost.com/thailand/politics/1984723/panel-budget-delay-

wont-hurt-spending

Issues to be watched out for

September, 2020 - The Joint Standing Committee on Commerce, Industry and Banking

(JSCCIB) is planning to hire a consultancy to conduct an in-depth analysis on pros and

cons of the highly controversial Comprehensive and Progressive Agreement for Trans-

Pacific Partnership (CPTPP) in a bid to renew its call for the government to join the pact

next year.

September 2020 – Recruitment of new board members of the National Broadcasting and

Telecommunication Commission (NBTC) is set to kick off.

September 16-18, 2020 – The 3.3-trillion-baht budget for Fiscal Year 2021 proposed by

the government is expected to be tabled in parliament.

September 19, 2020 – Thammasat University plans to hold their major rally.

September 19, 2020 – The 14th

anniversary of the coup that ousted Thaksin Shinawatra in

2006.

September 21, 2020 – The National Economic and Social Development Council (NESDC,

formerly known as the National Economic and Social Development Board or NESDB) is

to revise the 20-year national strategy at an annual meeting to respond to the COVID-19

crisis.

September 23 and 24, 2020 – Members of parliament will meet to consider a motion

seeking to amend the constitution at its first reading.

September 25, 2020 – The current parliamentary session is set to end.

September 30, 2020 – The Stock Exchange of Thailand (SET) is set to extend the revised

equity short-selling regulations from June 30 to September 30 as stock market volatility

remains high in the wake of the Covid-19 pandemic.

September 30, 2020 – The government is expected to lift lockdown restrictions imposed

under the emergency decree.

October, 2020 – The bidding for construction and operation for the 140-billion-baht

Orange Line western extension linking the Thailand Cultural Centre with Bang Khun

Non.

October, 2020 – The Thailand Grand Prix was rescheduled after being postponed due to

the coronavirus outbreak.

October 27, 2020 – The Central Bankruptcy Court is set for first hearings for Nok Airlines

regarding the rehabilitation process.

November 1, 2020 – The next parliamentary session will begin.

Key Data

SET Index 1,279.96 -10.93

Link - https://www.set.or.th/en/company/ipo/upcoming_ipo_set.html

Global Commodities

Metal -Link http://www.bloomberg.com/markets/commodities/futures/metals/

Energy -Link - http://www.bloomberg.com/energy/

Baltic Dry Index (BDI)-Link - http://www.bloomberg.com/quote/BDIY:IND

Global Equity Market’s Movements

Link - http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific/

Asian Equity Markets Movement

Link - http://www.bloomberg.com/markets/stocks/world-indexes/

Information on September 11, 2020

Buying, Selling or Transfer of shares by Owners/Management

Stock Code Volume Value Action

AEC 2,869,243 0.1 Purchase

AGE 27,370,495 1.23 Sale

AGE 27,370,495 1.22 Purchase

AGE 27,370,495 1.19 Purchase

AGE 27,370,495 1.23 Purchase

AGE 27,370,495 1.36 Purchase

ASIAN 10,000 11.4 Sale

AS 400,000 4.75 Sale

CCET 9,000 7.47 Sale

COMAN 1,000 2.46 Sale

COMAN 3,000 2.5 Sale

EP 114,900 3.69 Purchase

ILM 200,000 11.7 Purchase

LPH 10,000 4.32 Purchase

MINT 1,336,300 0.62 Sale

NEX 89,562,500 - Transfer

NEX 89,562,500 - Acceptance of

Transfer

OSP 757,900 38.98 Purchase

PG 700,000 4.49 Purchase

PLANET 20,000 1.18 Purchase

PRIME 4,000,000 0.59 Sale

RJH 20,000 22.6 Sale

RJH 20,000 22.6 Sale

SPVI 30,000 3.12 Sale

SORKON 600,000 5 Purchase

SEAOIL 80,000 2.38 Purchase

STGT 20,000 67.56 Purchase

STGT 20,000 68.25 Purchase

STGT 20,000 68.25 Purchase

STI 20,000 7.4 Sale

STI 30,000 7.37 Sale

STI 50,000 7.5 Sale

ASAP 100,000 2.3 Sale

SYNEX 31,315 13.5 Sale

SYNTECH 190,000 1.46 Purchase

T 3,400,000 0.03 Sale

TVO 65,757 - Acceptance of

Transfer

TWPC 100,000 3.46 Purchase

TPS 200,000 2.57 Purchase

TK 2,183,700 7 Purchase

TNITY 506,250 0.14 Sale

UTP 50,000 14 Purchase

WPH 60,100 1.54 Sale

XD, XE or XM or other notifications

For list of Companies that have dividend payment and AGM meeting schedules click on

http://www.set.or.th/set/calendarofevents.do

Trading Breakdown on the Stock Exchange of Thailand

Daily as of 11 Sep 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 3,282.60 7.43 4,431.31 10.04 -1,148.71 -

Proprietary Trading 6,105.94 13.83 5,826.81 13.2 279.12 -

Foreign Investors 14,841.26 33.61 15,591.17 35.31 -749.9 -

Local Individuals 19,925.60 45.13 18,306.12 41.46 1,619.49 -

Monthly Cumulative between 1 - 11 Sep 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 28,806.40 8.95 32,496.41 10.1 -3,690.01 -

Proprietary Trading 39,111.23 12.15 38,953.27 12.1 157.95 -

Foreign Investors 115,958.39 36.03 122,421.58 38.04 -6,463.19 -

Local Individuals 137,987.19 42.87 127,991.94 39.77 9,995.25 -

Yearly Cumulative since 1 Jan - 11 Sep 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 1,213,359.65 11.03 1,136,002.86 10.32 77,356.79 -

Proprietary Trading 1,130,759.56 10.28 1,130,616.96 10.27 142.6 -

Foreign Investors 3,856,003.32 35.04 4,116,951.20 37.41 -260,947.88 -

Local Individuals 4,804,200.59 43.66 4,620,752.10 41.99 183,448.50 -

Total Trading Value 44,155.40 Million Baht

Background Information –  

The strength of each party in the Thai Parliament as of May 8, 2019 as per the report by the

Election Commission of Thailand. Elections took place on March 24, 2019

https://www.ect.go.th/ect_th/news_all.php?cid=24

List of MPs - https://www.ect.go.th/ect_th/download/article/article_20190508184334.pdf

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the prior written permission. The opinions expressed are only those of the writer’s and is analysed based on the

situation.