Classification of Industry Group and Sector
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The classification of listed company’s industry structure is to incorporate similar businesses into the same group, so as to provide appropriate investment information and comparison among the listed companies. The classification is intended to clearly reflect the listed companies’ business as well as the country’s various industries.
Rules Summary
Overall principle
- The classification will be for listed companies (ordinary shares), unit trusts of the property fund, unit trust of the infrastructure fund, and the Real Estate Investment Trusts (REITs). Other financial instruments will be in separate groups.
- This shall not apply to listed companies in Non-Performing Group (NPG).
- The classification will include companies operating similar businesses or are likely to develop in the same direction.
Criteria for the classification of industries and business sectors
- The consideration will essentially be based on major business of the listed company that generates more than 50% of its total revenue.
- If there is no business that generates more than 50% of total revenue, profits will be used as secondary basis. Nevertheless, SET may consider using other supporting criteria as deemed appropriate.
- In case the company operates via its holding in several subsidiaries (Holding Company), the company will be classified in line with the business of its subsidiary that generates major revenue.
- Presently, SET has classified the listed companies according to their industry groups and business sector. From 2015 onwards, the listed companies on mai will be classified as well.
Structure of 8 Industry Groups and 28 Business Sectors
Industry Group |
Business Sector |
Description of Business |
Agro & Food Industry Businesses relating to farming, forestation, livestock, processing agricultural products, and food and beverage production |
Agribusiness |
The businesses that operate the farms, livestock, fishing, forest, process, carve and store agricultural products, as well as the distributors of agricultural products primarily for other industries, except the businesses relating to chemical fertilizer and pesticides and those relating to textiles. |
Food & Beverage |
Producing the food by processing agricultural products, operating the restaurants, distributing the food, as well as producing beverages. | |
Consumer Products Businesses relating to the production and distribution of consumer products, both necessity and luxury goods. |
Fashion |
Producers, designers, and distributors of the following:
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Home & Office Products |
Operate businesses relating to household or office products:
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Personal Products & Pharmaceuticals |
Producers and distributors of:
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Financials Industries relating to different types of financial service providers |
Banking |
Operators of the banking business as per the Commercial Banking Act and related laws, as well as the businesses established under the special law. |
Finance & Securities |
Operators of these businesses: Finance, leasing, hire-purchase (not selling the services or products directly to customers), factoring, credit card, consumer loan, securities company, investment management company, asset management company, and other asset services. | |
Insurance |
Operators as per the Insurance Act, Life Assurance Act, as well as other similar businesses established under the special law. | |
Industrials Business relating to the production and distribution of general raw materials used in various industries, primary and intermediate products, machines and equipment used in production industry and the automotive industry. |
Automotive |
The operators of these businesses:
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Industrial Materials & Machine |
The operators of these businesses:
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Packaging |
Producers and distributors of packaging products, including the packing parts, materials or products used to produce the packages, and those not classified in other sectors. | |
Paper & Printing Materials |
Producers and distributors of:
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Petrochemicals & Chemicals |
Producers and distributors of:
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Steel and Metal Products |
Producer, processors, or distributors of steel products, steel fabrication or metal products which have steel as a major component. | |
Property & Construction Industries relating to the producers of construction material, the developers and managers of real estates, as well as the construction and engineering services. |
Construction Materials |
Producers and distributors of: |
Construction Services |
Providers of services and advice about:
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Property Development |
Producers and distributors of the following:
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Property Fund & Real Estate Investment Trusts |
Mutual funds or trust funds with an objective to invest in the property and gain revenue from the rent, interest, and profits from property trade | |
Resources Businesses relating sourcing and managing the resources such as production and allocation of energy and mining. |
Energy & Utilities |
Operators of the following businesses:
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Mining |
Mining surveyor, operator, smelter, and distributor. The minerals can be either metal or non-metal, but excluding the energy minerals. | |
Services Businesses in the service industry, except financial service and IT as they are classified in different groups. |
Commerce |
Two factors are taken into consideration:
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Health Care Services |
Providers of medical services, dental services, cosmetic surgery, health rehabilitation, and other physical fitness. | |
Media & Publishing |
Producers and distributors of these media:
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Professional Services |
Providers of specific services not specified in any other sectors e.g. education, business consultancy, waste management, as well as the services to the business not categorized in any sector. | |
Tourisms & Leisure |
Comprise of:
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Transportation & Logistics |
Comprise of:
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Technology Businesses relating to IT products, including all primary, intermediate and final products, and the providers of IT and telecommunication services. |
Electronic Components |
Producers of electrical components used in electrical appliances or other electrical equipment e.g. IC, PCB, and semiconductors (except for the components produced to be specifically used in computers) |
Information & Communication Technology |
Comprise of:
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