'De-listing PTT risks Bt100 bn'
De-listing of PTT Plc would wipe Bt600 billion in market capitalisation from the Stock Exchange of Thailand, or 12 per cent of its value, research by Capital Nomura Securities (CNS) has found.
Meanwhile, Vichai Poonworaluck, chairman of the Thai Investors Association (TIA), said if de-listing occurred it would affect at least 22,000 individual shareholders. "Initially, we estimate that damage from the de-listing would be at least Bt100 billion," he said. Vichai said the association has assigned its legal counsellors to assess the impacts from the de-listing, which would be submitted to the court. In its research, CNS noted that if market capitalisation was slashed, the exchange's weighting in the Morgan Stanley International Market Indices would fall and reduce its attractiveness to foreign investors. The change would also reduce the weighting of the energy sector on the composite SET index.
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