Brokers Reevaluate Vayupak Mutual Funds: Restrictions⁢ on Investing in SCB and PTT Stocks

According to a survey of data from the Stock Exchange of Thailand,⁣ it was found that since the beginning of September 2024, PTT stock prices have increased​ by ⁤only 0.75% from a price‌ of 33.50 baht, rising to 33.75 baht, while SCB shares have increased by 4.67% from a price of⁤ 107 baht to 112 baht.

Krungsri Securities’ Analysis

Krungsri Securities said that by bringing back the Vayupak Fund, KSS sees points that are likely to continue to support the⁤ stock market, including:

• The​ money raised in⁣ this ‌round of 150‍ billion baht will be new money that will‌ be gradually invested in the market from 1 October 2024.
• Funds, although you can choose to invest in a variety of assets,​ will mainly focus on investing in Thai⁤ stocks.
• Capital funds that will increase expect to see ⁢distribution of investment funds. Focus on investing in stocks with a high ⁤ESG Score, focus on stocks with⁢ an ESG A score of SET100 A or higher,‌ those ‍below SET100‌ with a score of AA or ⁢higher.
• Restrictions on certain funds, such as investing in⁣ any one stock‍ not exceeding 25% of NAV⁤ and any ​one business sector not ⁢exceeding 30% of NAV, including ‍investing in any one⁤ stock that is not more⁤ than ‍25% of the voting rights. It should limit the opportunity to increase money in PTT ‌and SCB.
• Vayupak’s return framework of 3-9% should attract ​new funds​ close to the fundraising target of 150 billion baht.

Shareholding Structure​ of PTT and SCB

In addition, if we look at the shareholder structure of PTT, there is Vayupak ​Nueng Mutual Fund by MFC Asset ‍Management Public Company ⁢Limited⁤ holding 1,736,895,500 shares, accounting for 6.08%.

While SCB found that there Vayupak Nueng Mutual⁢ Fund holds 549,600,000 shares, accounting‍ for ⁣16.32%, Vayupak Nueng Mutual Fund by MFC Asset⁣ Management ⁣Public Company Limited, ​117,849,100 shares, accounting ⁤for 3.50%, Vayupak Nueng‌ Mutual Fund by Public Asset Management ​Company⁢ Limited, 117,849,100 ⁣shares, accounting for 3.50%, Vayupak Nueng Mutual‌ Company Limited 117,849,100 shares, accounting for 3.50%.