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SET listings resilient on border tensions

Thailand-based companies with exposure in Cambodia saw limited movements in share prices last week, after hostilities broke out at the border near Preah Vihear temple on February 4.

Thaicom – the majority owner of Cambodia’s Mfone mobile service provider – climbed 1.8 percent in Bangkok SET trading last week, ending at 5.55 baht (US$0.18) per share. Stock value had declined at the beginning of the week following the outbreak of hostilities, but by Friday shares had regained the same value as recorded at close on February 3.

The parent firm of Cambodian Commercial Bank, Siam Commercial Bank Public Company, closed the week at 96 baht per share, the same price it opened at on Monday. It has declined 2 baht, or about 2 percent, since close on February 3.

Samart Corporation – which owns Cambodia Air Traffic Control and Kampot Power Plant – increased its value on the Stock Exchange of Thailand trading last week, ending at 8.70 baht per share. Its share price also did not change dramatically during the conflict, ending Friday at the same price it closed before the crisis.

But Khon Kean Sugar Company declined 2.3 percent last week, ending at 12.90 baht.

The firm – which has a sugar plantation and processing factoring in Cambodia’s Koh Kong province – traded at 13.20 baht last Monday, compared with 13.30 baht the day before hostilities began.

Meanwhile, in Sydney, OZ Minerals saw its shares trend upwards last week, as it released its annual report. It finished the week at A$1.75 ($1.746), a 1.7 percent increase over the week. Prices had temporarily climbed to A$1.82 on Wednesday, the day its annual results were announced.  The miner – which is actively exploring tenements in Cambodia’s Mondulkiri province – is trading near its 52-week high of A$1.83.

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