TESG Fund to Invest in ESG Securities Business Group
The Ministry of Finance has given the green light for the establishment of a TESG Housing Fund for Sustainability aimed at promoting long-term savings. This fund seeks to invest in the ESG securities business group and is set to open for investments in December 2023, with an expected investment of no less than 10 billion baht.
Stock Ratings in Focus: BKI, BLA, and THREL
The UDG has identified three insurance stocks as sustainable ESG Rating stocks, including BKI with a AAA rating, BLA with an AA rating, and THREL with an A rating. This recognition is expected to attract significant investments into these stocks. Broker recommendations set BLA’s target price at 28 baht and THREL’s target price at 3 baht.
TLI’s Position
It has come to attention that TLI, a leading insurance company, is not listed in the ESG Rating. This puts the company at risk of being excluded from the SET 50 Index calculation for the upcoming period.
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Stock dimension – “BKI-BLA-THREL” Put on the ESG Ratings radar and receive benefits Money from TESG funds flows into investment
The Ministry of Finance has approved the establishment of a TESG Housing Fund for Sustainability to support long-term savings. The aim is to invest in the ESG securities business group, which will open for investment in December 2023, and investment is expected to be no less than 10 billion baht.
“BKI-BLA-THREL” Charging ESG Rating
From the list of stocks that have been assessed as sustainable ESG Rating stocks arranged by the UDG. They found that there are 3 insurance stocks on the charts, including BKI with a rating of AAA, BLA with a rating of AA, and THREL with a rating of A. The advantage is that money will flow to invest in such stocks. The broker gives BLA a target price of 28 baht and THREL gives a target price of 3 baht.
TLI Not listed in ESG Rating
However, among the leading insurance stocks listed on the stock exchange, TLI, a top insurance company, was found not to be included in the aforementioned ESG Score and is at risk of being dropped from the SET 50 Index calculation for the period. the first half of ’67 as well.
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