Status of japanese held public company limited listed in The Stock Exchange of Thailand

摘要

This research aimed to identify participation of Japanese FDI in The Stock Exchange of Thailand (SET). Researcher analyzed data collected from SET Market Analysis and Reporting Tool (SETSMART) including company profile, company highlights, historical trading, financial statements and dividend payment (as of 30 November, 2017). The Japanese group comprised 18 companies with market capitalization of 450 billion Baht accounted for 2.67% of total market. In this group, the first two largest sectors were financial and automotive. These companies have been in the business for more than 20 years, established the niche that helped sustain the revenue. The group average ROE was higher and leverage was lower than the market average, which could define them as cash-cow companies. Stocks of Japanese group had high dividend yield, low Beta and moderate P/E ratio compared with the market average. Whereas the stock turnover ratio were comparatively low. Researcher could classify their type as income stock, which could be an alternative for long-term investor for risk diversification and portfolio balancing.