TELECOMMUNICATIONS
Jasmine upgrades to SET50
- Published: 22 Dec 2012 at 00.00
- Newspaper section: Business
Jasmine International Plc (JAS), the integrated communications services provider, will be upgraded to the Stock Exchange of Thailand's top 50 stocks, effective next year.
Moving up from the existing SET100 index to the SET50, Jasmine expects to attract more foreign investors looking for medium-sized or large firms with large market capitalisation, said a Jasmine executive who asked not to be named.
Jasmine's market capitalisation more than doubled to 32 billion baht this year from 15 billion last year thanks to its share price almost tripling to 5.40 baht from 2 baht.
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