Market for Alternative Investment (mai)

Year End 2007 Summary

Market summary of the listed companies

Since the commencement of The Market for Alternative Investment (mai) in 2001, thereare 56 listed companies; 7 of them moved from mai to SET,1 moved from SET to mai and 1 company was delisted.mai presently has 48 listed companies (as of 31 December 2007).

At present, mai has 54 listed securities, comprising of 48 common stocks and 6 warrants.

In year 2007, there are 6 newly listed companies; namely, MBAX, UBIS, TNDT, MILL, BGT and SIMAT.

There are 4 newly warrant companies, which are CIG-W1, L&E-W1, STAR-W and UMS-W1.

Market summary of fund-raising

During the last 7 years, the listed companies in mai have been raising fundsfor the amount of 9,535million Baht.

2001 / 2002 / 2003 / 2004 / 2005 / 2006 / 2007 / 2008E / Total (MB)
IPO Issued Size (MB) / 131 / 621 / 765 / 1,457 / 1,490 / 831 / 770 / 6,065
Capital Increased / 136 / 457 / 171 / 300 / 1,479 / - / 2,543
Proposed Cap. Increase / 927 / 927
Total Fund Raised / 131 / 621 / 901 / 1,914 / 1,661 / 1,131 / 2,249 / 927 / 9,535

In year 2007, the listed companies raised fund around 2,249 million baht comprise of the fund-raising of the newly companies around 770 million baht and capital increase of the listed companies around 1,479 million baht. Details of fund-raising are as the table below:

Public Offering
(PO) / Private Placement (PP) / Private Placement
ESOP
(PP ESOP) / Right Offering
(RO) / Exercise of Warrant
(XE) / Exercise of ESOP Warrant
XE (ESOP) / Total
2003 / 50.99 / 84.76 / 0.21 / 135.96
2004 / 446.57 / 0.71 / 9.26 / 456.53
2005 / 5.49 / 138.96 / 26.26 / 170.71
2006 / 241.57 / 58.58 / 300.15
2007 / 423.23 / 441.72 / 8.34 / 559.33 / 43.21 / 2.76 / 1,478.59
Total / 423.23 / 944.77 / 8.34 / 1,024.62 / 128.97 / 2.76 / 2,541.94

IPO Price

1.In year 2007, there are 6 newly listed companies; 4 of them closed (as of 28/12/2007)higher than IPO price on the average of 83%. Such 4 companies are TNDT, MILL, UBIS and SIMAT.

2. The other two companies, MBAX and BGT, closed (as of 28/12/2007) lower than IPO price on the average of 23%.

Closing Price at December 28th, 2007
Listed Year / Symbol / IPO / Closing Price / %Change
2007 / TNDT / 3.10 / 7.85 / 153.23%
MILL / 2.90 / 4.98 / 71.72%
UBIS / 1.75 / 2.98 / 70.29%
SIMAT / 3.80 / 5.20 / 36.84%
BGT / 4.70 / 3.76 / -20.00%
MBAX / 5.00 / 3.76 / -24.80%

3. Among 41 securities that listed before 2007 (stocks other thannewly listed stocks and D1), 20 of them closed (as of 28/12/2007) higher than the IPO prices, on the average of 120%. The rest of 21 securities closed below the IPO price around 35%.

4. For all 48 securities, 24 of them closed (as of 28/12/2007) higher than the IPO prices, on the average of 114%. The rest of 24 securities closed below the IPO price on the average of 34%.

Market Statistic

1. In year 2007, there are 245 trading days.

Index Close + / Index Close -
mai / 152 / 93
% / 62 / 38
SET / 126 / 119
% / 51 / 49

2. In year 2007, 80% of mai value tradecomes from 16 securities,out of 55 securities*, or 30% of the all securities.

Symbol / Value / % of total / Accu % / Note
(Baht)
1 / UMS / 12,387,418,454.00 / 15.09 / 15.09
2 / S2Y / 9,967,900,689.00 / 12.15 / 27.24
3 / TRC / 6,031,483,113.00 / 7.35 / 34.59
4 / TNDT / 4,966,835,917.00 / 6.05 / 40.64 / 1stday: 28/9/2007; 32 Trading Days (SP 30 days)
5 / ADAM / 4,930,146,266.00 / 6.01 / 46.65
6 / UMS-W1 / 3,482,626,070.00 / 4.24 / 50.89
7 / KASET / 3,271,064,964.00 / 3.99 / 54.88
8 / UEC / 3,259,869,330.00 / 3.97 / 58.85
9 / MILL / 3,091,316,232.00 / 3.77 / 62.62 / 1st day: 28/9/2007; 36 Trading Days
10 / UBIS / 2,745,782,210.00 / 3.35 / 65.97
11 / CIG-W1 / 2,600,333,385.00 / 3.17 / 69.13
12 / SALEE / 2,596,506,532.00 / 3.16 / 72.30
13 / SIMAT / 1,852,143,767.00 / 2.26 / 74.55 / 1st day: 12/12/2007; 12 Trading Days
14 / DEMCO / 1,608,620,217.00 / 1.96 / 76.52
15 / BROCK / 1,499,148,636.00 / 1.83 / 78.34 / only 6 month until 22/6/07
16 / D1 / 1,405,055,096.00 / 1.71 / 80.05 / only 6 month from 25/6/07
Other 39 / 16,368,685,010.00
Total / 82,064,935,888.00 / Main board data only

* = 54 current securities + BROCK

3. At the end of the year 2007, 80% of mai market capitalization comes from24 common stocks and 1 warrant (UMS-W1)

Rank / Symbol / Market Capital (Baht) / % of total MKT cap / ACCU. %
1 / UEC / 4,976,400,000.00 / 13.00 / 13.00
2 / UMS / 3,885,000,000.00 / 10.15 / 23.16
3 / MILL / 1,992,000,000.00 / 5.21 / 28.36
4 / ADAM / 1,979,467,521.15 / 5.17 / 33.53
5 / TRC / 1,539,999,690.00 / 4.02 / 37.56
6 / UMS-W1 / 1,329,990,386.00 / 3.48 / 41.03
7 / GFM / 1,297,500,000.00 / 3.39 / 44.42
8 / SALEE / 1,247,048,597.60 / 3.26 / 47.68
9 / TNH / 1,242,000,000.00 / 3.25 / 50.93
10 / CIG / 1,158,003,000.00 / 3.03 / 53.95
12 / DEMCO / 1,094,104,138.84 / 2.86 / 56.81
13 / BOL / 900,000,000.00 / 2.35 / 59.16
14 / S2Y / 837,523,492.52 / 2.19 / 61.35
15 / IRCP / 802,831,800.00 / 2.10 / 63.45
16 / TNDT / 785,000,000.00 / 2.05 / 65.50
17 / ACAP / 750,000,000.00 / 1.96 / 67.46
18 / ILINK / 710,000,000.00 / 1.86 / 69.32
19 / TRT<XD> / 663,654,187.50 / 1.73 / 71.05
20 / TPAC / 660,000,000.00 / 1.72 / 72.78
21 / SWC / 597,000,000.00 / 1.56 / 74.34
22 / ETG / 572,700,000.00 / 1.50 / 75.83
23 / UBIS / 566,200,000.00 / 1.48 / 77.31
24 / PPM / 560,000,000.00 / 1.46 / 78.78
25 / TMW / 558,600,000.00 / 1.46 / 80.23
26 / MBAX / 481,280,000.00 / 1.26 / 81.49
27 / LVT / 458,593,894.50 / 1.20 / 82.69
28 / BROOK / 449,212,049.06 / 1.17 / 83.86
29 / SIMAT / 390,000,000.00 / 1.02 / 84.88
30 / FOCUS / 382,500,000.00 / 1.00 / 85.88
31 / MACO / 375,000,000.00 / 0.98 / 86.86
32 / L&E / 366,664,528.00 / 0.96 / 87.82
33 / PD / 354,000,000.00 / 0.93 / 88.75
34 / PICO / 344,009,940.00 / 0.90 / 89.65
35 / CPR / 328,350,000.00 / 0.86 / 90.50
36 / TIES / 318,600,000.00 / 0.83 / 91.34
37 / BGT / 300,800,000.00 / 0.79 / 92.12
38 / CMO / 274,500,000.00 / 0.72 / 92.84
39 / DM / 270,000,000.00 / 0.71 / 93.54
40 / PYLON / 264,000,000.00 / 0.69 / 94.23
41 / D1 / 259,712,286.40 / 0.68 / 94.91
42 / UKEM / 244,200,000.00 / 0.64 / 95.55
43 / KASET / 243,540,000.00 / 0.64 / 96.19
44 / CIG-W1 / 219,050,976.06 / 0.57 / 96.76
45 / STAR / 209,440,000.00 / 0.55 / 97.31
46 / YUASA / 182,962,500.00 / 0.48 / 97.79
47 / PR124 / 179,100,000.00 / 0.47 / 98.25
48 / LVT-W1 / 127,003,844.55 / 0.33 / 98.59
49 / TAPAC / 123,280,000.00 / 0.32 / 98.91
50 / SLC / 116,000,000.00 / 0.30 / 99.21
51 / STEEL / 101,000,000.00 / 0.26 / 99.47
52 / CHUO / 94,500,000.00 / 0.25 / 99.72
53 / IRCP-W1 / 61,652,203.36 / 0.16 / 99.88
54 / L&E-W1 / 29,027,305.10 / 0.08 / 99.96
55 / STAR-W / 15,979,993.89 / 0.04 / 100.00
38,268,982,334.53 / 100.00 / 200.00
  1. mai streak

mai Year End 2007 Summary Page 1 of 5