Following the merger between Gulf Energy Development Public Company Limited (SET: GULF) and Intouch Holdings Public Company Limited (SET: INTUCH), the Stock Exchange of Thailand (SET) has announced that the final day of trading for both stocks will be March 20, 2025, before they merge into a new entity, referred to as NewCo.
Bualuang Securities (BLS) stated that in the upcoming SET Index review, there are two potential scenarios for stocks entering the SET50 and SET100 indexes to replace INTUCH.
Scenario 1 is based on the average market capitalization as of the previous rebalance calculation date (using November 30, 2024, as the benchmark):
For SET50, TCAP is anticipated to be included.
For SET100, PTG is expected to be added.
Scenario 2 considers the current market capitalization (calculated as of March 17, 2025):
For SET50, VGI is projected to be included.
For SET100, THCOM is expected to be listed.
Notably, the SET has revised the criteria regarding the reserve list and has not disclosed the list as previously done during the TRUE-DTAC review.
