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Non-current assets of listed firms up by 11%

The research department of the Stock Exchange of Thailand said there had been an 11-per-cent third-quarter increase in investment in the non-current assets of listed companies.

Published on December 6, 2007

The additional assets were worth about Bt93 billion.

In a report this week, the department said the increase was a result of significant investment by the resource sector, and property and construction.

In addition, it found listed companies had raised more than Bt16 billion in funds during the period under review, Bt8 billion of which was mobilised by the financial sector.

The department report looked at the efficiency of operations, investment and capital mobilisation.

It found the efficiency of listed companies, excluding companies in the non-performing group, in return on capital employed was 4.5 per cent, a year-on-year increase of 0.3 per cent.

The efficiency of net-profit margin increased from to 6.9 per cent from 6.7 per cent in the same period last year. This is a result of lower interest costs.

Return on equity in the third quarter was 4.2 per cent, down by 0.1 per cent. Listed-company financial risk fell, as interest coverage ratio rose by 0.9 times to eight times.

The department found listed companies had invested Bt93 billion in non-current assets in the period, or an increase of 11.4 per cent from the same period in 2006.

It said the resources, property and construction sectors had invested more than Bt47 billion and Bt16 billion, respectively, for increases of 22.3 per cent and 55.5 per cent.

Cash flow from operational activities in the quarter totalled Bt130 billion, Bt160 billion less than investment.

Listed companies raised a combined Bt16 billion in fresh funds, down a considerable 64.6 per cent year on year. Of that, 97.7 per cent was raised in the secondary market.

Financial institutions were the busiest in the quarter, raising Bt8 billion, the report said.

 The Nation


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