Drilling into the basics of “sustainable stocks” graded AAA with long-term growth fund goals
The Stock Exchange of Thailand (SET) has created a sustainable stock index called SET ESG Ratings, which evaluates the ESG performance of Thai listed companies in the form of ratings. It covers the dimensions of ESG disclosure, ESG risk management information, environmental management policy. and operations towards employees, communities, and society through business processes, etc.
Companies that have announced the results of their SET ESG Ratings sustainable stock assessments currently have a total of 193 companies, divided into:
There are 34 listed companies at the AAA level.
70 listed companies at the AA level
There are 64 listed companies at Level A.
25 listed companies at the BBB level
It can be seen that these companies are the targets of the Thai ESG fund that is being offered for sale for the first time this year. It is believed that there will be an inflow of more than 10 billion baht, especially stocks that have received SET ESG Ratings at the AAA level, which are considered top grade ESG stocks that have received interest from both active and passive funds.
Today we will take you to see which SET ESG Ratings level AAA stocks there are. And are there any stocks that stand out in terms of business fundamentals and stock prices?
List of SET ESG Ratings grade AAA stocks in 2023
ADVANC: Advance Info Service PCL., AJ: A.J. Plast PCL., AMATA: Amata Corporation PCL., BANPU: Banpu PCL., BAY : Bank of Ayudhya, BCP: Bangchak Corporation PCL., BGRIM: B.Grimm Power PCL., BKI: Bangkok Insurance PCL., BPP: Banpu Power PCL., CKP: CK Power Co., Ltd., CPALL: CP All PCL., CPAXT: CP Extra PCL., CPF: Charoen Pokphand Foods PCL., CRC: CK Power PCL. Central Retail Corporation, KBANK: Kasikorn Bank, KTB: Krung Thai Bank, KTC: Krungthai Card PCL., M-CHAI: Mahachai Hospital PCL.
OR: PTT Oil and Retail Public Company Limited, PR9: Praram 9 Hospital Public Company Limited, PTT: PTT Public Company Limited, PTTEP: PTT Exploration and Production Public Company Limited. Petroleum production, PTTGC: PTT Global Chemical Public Company Limited, SABINA: Sabina Public Company Limited, SCC: The Siam Cement Public Company Limited, SCGP: SCG Package Public Company Limited. Jing, STA: Sri Trang Agro-Industry PLC., STGT: Sri Trang Gloves (Thailand) PLC., TFMAMA: Thai President Foods PLC., THCOM : Thaicom PCL., TISCO: TISCO Financial Group PCL., TOP: Thai Oil PCL., WHA: WHA Corporation PCL., WHAUP. : WHA Utilities and Power Public Company Limited,
Of these 34 stocks, most of them are stocks in the SET100 index, up to 24 companies, with the Energy and Utilities business group making the most of the list with 11 companies, followed by the Commercial Banking, Medical and Commerce business groups with the same number of 3 companies.
When drilling into fundamental terms, there are 7 companies whose return on equity (ROE) and return on assets (ROA) ratios have increased continuously every year since 2020-2022, including:
BEGIN It has an average ROE for the past 3 years of 9.47% and an average ROA of 6.86%.
CKP It has an average ROE for the past 3 years of 6.72% and an average ROA of 4.41%.
PTTEP It has an average ROE for the past 3 years of 10.85% and an average ROA of 12.52%.
PR9 It has an average ROE for the past 3 years of 7.83% and an average ROA of 7.96%.
SABINA It has an average ROE for the past 3 years of 17.98% and an average ROA of 14.95%.
TISCO It has an average ROE for the past 3 years of 16.48% and an average ROA of 4.15%.
WHA It has an average ROE for the past 3 years of 10.10% and an average ROA of 5.98%.
In addition, among dividend stocks that give an average return of more than 5%, there are 5 companies, consisting of STGT that gives an average dividend of 18.37%, STA averages 9.42%, TISCO averages 7.51%, WHAUP averages 6.12%, and BKI averages 5.35%.
In this regard, the Stock Exchange Assess sustainability once a year if during the year the company does not meet the criteria. can be excluded from SET ESG Ratings
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2023-12-17 05:21:08
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