Sector reclassification of DISTAR, TCAP and WIN
SET's guidelines for transferring the securities of listed firms into a more appropriate business sector call for the company to be placed in the sector that best reflects their core businesses from their main source of revenues. If there is not a business from which their revenues have derived, then SET will consider other criteria; revisions of this sort are made annually.
Based on listed companies' revenue structures, along with their business operations from Form 56-1 for the year 2007,
1. Distar Electric Corporation PCL (DISTAR)'s revenues is chiefly from manufacture and distribution of NGV bus more than electronic appliances business and the company will be principally engaged in the NGV bus business.
2. Thanachart Capital PCL (TCAP) had more than 80% of its revenues from Thanachart Bank via the interest and dividend.
3. Wyncoast Industrial Park PCL (WIN) had revenues from transportation and logistic business more than free zone business for commercial and industrial activities.Additionally the core business of WIN will come from transportation and logistic services.
Therefore, SET will transfer securities of DISTAR, TCAP and WIN to their more appropriate business, effective July 2, 2008.
1. DISTAR will be transferred from the "Home and Office Products" sector under the "Consumer Products" industry group to the "Automotive" sector under the "Industrials" industry group.
2. TCAP will be transferred from the "Finance and Securities" sector under the "Financials" industry group to the "Banking" sector under the "Financials" industry group.
3. WIN will be transferred from the "Property Development" sector under the "Property & Construction" industry group to the "Transportation & Logistics" sector under the "Services" industry group.