Market for Alternative Investment - AbsoluteAstronomy.com

The Market for Alternative Investment (MAI or mai) is a stock exchange

Stock exchange

A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...

of Thailand

Thailand

Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...

which was established by the Stock Exchange of Thailand

Stock Exchange of Thailand

The Stock Exchange of Thailand is the national stock exchange of Thailand. It is located in Bangkok. As of 31 December 2007, the Stock Exchange of Thailand had 541 listed companies with a combined market capitalization of $280 billion. The indices of the stock exchange are SET Index, SET50 Index...

(SET) in 1998 under the Securities Exchange of Thailand Act as an alternative stock market for small and medium sized enterprises. It officially commenced operation on June 21, 1999. It is located in Khlong Toei

Khlong Toei

Khlong Toei is a district in central Bangkok, long known for its slum. It is bordered by the Chao Phraya River and contains major port facilities. It is also the name of a major market, though not touristic...

, Bangkok

Bangkok

Bangkok is the capital and largest urban area city in Thailand. It is known in Thai as Krung Thep Maha Nakhon or simply Krung Thep , meaning "city of angels." The full name of Bangkok is Krung Thep Mahanakhon Amon Rattanakosin Mahintharayutthaya Mahadilok Phop Noppharat Ratchathani Burirom...

.

The mai operates independently under the supervision of the SET's board of directors

Board of directors

A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...

. The mai committee sets its policies and oversees the market’s operation and front office duties such as stock listing and public relations

Public relations

Public relations is the actions of a corporation, store, government, individual, etc., in promoting goodwill between itself and the public, the community, employees, customers, etc....

. Back office

Back office

A back office is a part of most corporations where tasks dedicated to running the company itself takes place. The term "Back office" comes from the building layout of early companies where the front office would contain the sales and other customer-facing staff and the back office would be those...

functions, such as the trading system, clearing and settlement procedures, trading surveillance and supervision, as well as disclosure requirements, will be based entirely on existing Stock Exchange of Thailand operations.

Vision

"We strive to be the right and efficient exchange creating value for high potential, innovative and ventured companies in ASEAN."

Milestones

November 11, 1998
The Office of the Securities and Exchange Commission approves in principle the establishment of
the market for listing securities of small and medium enterprises by the Stock Exchange of Thailand (SET).

June 21, 1999
The mai officially commenced operation. The Minister of Finance emphasized the important role of the mai in supporting and strengthening Small and Medium sized Enterprises.

January 16, 2000
Mr. Yuth Vorachattarn is appointed to be the first Managing Director of the mai. His goal is to develop the mai to be an efficient secondary market for Small and Medium sized Enterprises, and to be a modern and dynamic market to promote international best practices for Thai businesses.

April 10, 2000
The mai announces a new listing category, “Section 2: Hi-Growth Enterprises”, to broaden the fund-raising opportunities for firms that had high growth potential even though they were relatively small, such as those in the technology industry.

September 17, 2001
The mai starts official trading. BROOK is the first company to be actually listed on the mai

September 3, 2002
The mai created its Index to provide investors with a valuable tool for understanding stock price movements on the mai. The index’s base was the trading value of listed securities on the previous day, September 2, 2002

November 1, 2004
Mr. Vichate Tantiwanich was appointed as the mai's President effective from November 1, 2004 onwards.

May 25, 2005
SET Board approves official Thai name for the Market for Alternative Investment (mai) which will be M-A-I, instead of "mai" (as in "pi").

February 15, 2006
The Board of Governors of The Stock Exchange of Thailand (SET) appoints Mr. Chanitr
Charnchainarong to be the President of the Market for Alternative Investment (mai).
(SET Press Release No. 21/2006 dated February 9, 2006)

January 29, 2007
Multibax Public Company Limited is the 50th company to be listed on the mai
(mai Press Release No. 3/2007 dated January 29, 2007)

Listed companies

MAI listed companies as of 4 May 2010:

{|
|- style="vertical-align:top;"
|
{|class="wikitable sortable"
!MAI Symbol
!Company
!Market
Capitalization
!Official
site
|-
|ACAP
|ACAP Advisory Public Company Limited
|750,000,000
|http://www.acap.co.th/
|-
|ADAM
|Adamas Incorporation Public Company Limited
|337,146,024
|http://www.adamas.co.th/
|-
|AGE
|Asia Green Energy Public Company Limited
|952,000,000
|http://www.agecoal.com/
|-
|AIM
|Absolute Impact Public Company Limited
|252,000,000
|http://www.absolute-impact.com/
|-
|BGT
|BGT Corporation Public Company Limited
|220,800,000
|http://www.bodyglove.co.th/
|-
|BOL
|Business Online Public Company Limited
|
|http://www.bol.co.th/
|-
|BROOK
|The Brooker Group Public Company Limited
|
|http://www.brookergroup.com/
|-
|BSM
|Buildersmart Public Company Limited
|
|http://www.buildersmart.com/
|-
|CHUO
|Chuo Senko (Thailand) Public Company Limited
|
|http://www.chuosenko.co.th/
|-
|CIG
|C.I. Group Public Company Limited
|
|http://www.coilinter.com/
|-
|CMO
|CM Organizer Public Company Limited
|
|http://www.cmo-group.com/
|-
|CPR
|CPR Gomu Industrial Public Company Limited
|
|http://www.cprgomu.co.th/
|-
|CRANE
|Chu Kai Public Company Limited
|
|http://www.chukai.co.th/
|-
|D1
|Dragon One Public Company Limited
|
|http://www.dragonone.biz/
|-
|DEMCO
|DEMCO Public Company Limited
|
|http://www.demco.co.th/
|-
|DIMET
|Dimet (Siam) Public Company Limited
|
|http://www.dimetsiam.com/
|-
|DM
|Dhanamitr Factoring Public Company Limited
|
|http://www.dmfactor.co.th/
|-
|E
|Evolution Capital Public Company Limited
|
|http://www.evolution.co.th/
|-
|ETG
|Eternity Grand Logistics Public Company Limited
|
|http://www.eternity.co.th/
|-
|FOCUS
|Focus Development and Construction Public Company Limited
|
|http://www.focus-pcl.com/
|-
|GFM
|Goldfine Manufacturers Public Company Limited
|
|http://www.goldfinemfg.com/
|-
|ILINK
|Interlink Communication Public Company Limited
|
|http://www.interlink.co.th/
|-
|IRCP
|International Research Corporation Public Company Limited
|
|http://www.ircp.co.th/
|-
|KASET
|Thai Ha Public Company Limited
|
|http://www.kasetbrand.com/
|-
|KIAT
|Kiattana Transport Public Company Limited
|3,100,000,000
|http://www.kiattana.co.th/
|-
|L&E
|Lighting and Equipment Public Company Limited
|
|http://www.l-and-e.com/
|-
|LVT
|L.V. Technology Public Company Limited
|
|http://www.lv-technology.com/
|-
|MACO
|Master Ad Public Company Limited
|
|http://www.masterad.com/
|-
|MBAX
|Multibax Public Company Limited
|
|http://www.multibax.com/
|-
|PICO
|Pico Thailand Public Company Limited
|
|http://www.picothai.com/
|-
|PPM
|Porn Prom Metal Public Company Limited
|
|http://www.ppm.co.th/
|-
|PR124
|124 Communications Public Company Limited
|
|http://www.124comm.com/
|-
|PYLON
|Pylon Public Company Limited
|
|http://www.pylon.co.th/
|-
|SALEE
|Salee Industry Public Company Limited
|
|http://www.saleeind.com/
|-
|SIMAT
|SIMAT Technologies Public Company Limited
|
|http://www.simat.co.th/
|-
|SLC
|Solution Corner (1998) Public Company Limited
|
|http://www.slc1998.com/
|-
|STAR
|Star Sanitaryware Public Company Limited
|
|http://www.starsanitaryware.com/
|-
|STEEL
|Steel Intertech Public Company Limited
|
|http://www.steelintertech.com/
|-
|SWC
|Sherwood Chemicals Public Company Limited
|
|http://www.sherwood.co.th/
|-
|TAPAC
|Tapaco Public Company Limited
|
|http://www.tapaco.com/
|-
|TIES
|Thai Industrial and Engineering Service Public Company Limited
|
|http://www.tiesco.co.th/
|-
|TMW
|Thai Mitsuwa Public Company Limited
|
|http://www.thaimitsuwa.com/
|-
|TNDT
|Thai Nondestructive Testing Public Company Limited
|
|http://www.tndt.co.th/
|-
|TNH
|Thai Nakarin Hospital Public Company Limited
|1,278,000,000
|http://www.thainakarin.co.th/
|-
|TPAC
|Thai Plaspac Public Company Limited
|905,000,000
|http://www.thaiplaspac.com/
|-
|TRC
|TRC Construction Public Company Limited
| 590,700,000
|http://www.trc-con.com/
|-
|TRT
|Tirathai Public Company Limited
|1,537,912,703
|http://www.tirathai-transformer.com/
|-
|UBIS
|UBIS (Asia)

UBIS (Asia)

UBIS Public Company Limited is a manufacturer and distributor of sealing compounds, lacquers and coatings used in can production and bottle closure for the food, beverage and general industries based in Thailand. It is listed on the Market for Alternative Investment on .History=UBIS was...

Public Company Limited
|805,600,000
|http://www.ubisasia.com/
|-
|UEC
|Unimit Engineering Public Company Limited
|1,555,840,000
|http://www.unimit.com/
|-
|UKEM
|Union Petrochemical Public Company Limited
|514,800,000
|http://www.unionpetrochemical.com/
|-
|UMS
|Unique Mining Services Public Company Limited
|
|http://www.uniquecoal.com/
|-
|YUASA
|Yuasa Battery (Thailand) Public Company Limited
|
|http://www.yuasathai.com/
|-
|}

Vision

Milestones

Listed companies

See also