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MarketScreener Homepage  >  Equities  >  Stock Exchange of Thailand  >  The Platinum Group Public Company Limited    PLAT   TH6329010008

THE PLATINUM GROUP PUBLIC COMPANY LIMITED

(PLAT)
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End-of-day quote. End-of-day quote Stock Exchange of Thailand - 11/30
2.4 THB   -4.76%
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U.S. Government Bonds Yields Remain Near Highest Level Since June

10/23/2020 | 12:32pm EST

By Orla McCaffrey

U.S. government bond yields were on track to end the week near multimonth highs, lifted by signs of economic recovery and the hopes for economic stimulus before or after the presidential election.

The 10-year yield, which reached as high as roughly 0.87% in early trading, has climbed for six straight sessions, buoyed by investors' expectations that the economy is rebounding and lawmakers will eventually reach a deal to help individuals and companies weather the pandemic slowdown. A seventh session of gains would mark the longest streak in more than three years.

A critical reference point for borrowing costs on everything from mortgages to student loans, the 10-year yield had spent months in a relatively tight range before its recent uptick. While many worry the prospect of lawmakers reaching a stimulus deal before the election remains dim, signs of progress in the talks helped push yields above 0.8% for the first time since June earlier this week.

The yield on the benchmark 10-year Treasury note traded at a recent 0.851% Friday, according to Tradeweb, from 0.847% on Thursday and on track for its biggest weekly gain since August, The yield on the 30-year bond was 1.667%, from 1.665% Thursday.

Investors are increasingly betting Democrats will end up with control of Congress and the White House after the election, boosting the chances of further fiscal stimulus and pressuring bond prices, said Priya Misra, head of global rates research at TD Securities.

"If we keep pricing in a Biden win, it's all about how much supply is coming down the pike," Ms. Misra said. "It's just a tug of war between supply and demand. The supply side is winning out right now."

Yields continued to rise Thursday after the Labor Department said the number of Americans applying for unemployment benefits was the lowest since the economic pain of the recession started to be felt in March. On Friday, they pared an initial climb, falling after a measure of manufacturing activity indicated that the U.S. economy continues to grow, albeit at a slower pace, before recovering some ground.

The rise in yields could be short-lived. When the 10-year yield last rose above 0.8% in June, it stayed there for just a few sessions, before being dragged down by mounting coronavirus cases and the Federal Reserve's announcement that it had no plans to raise short-term interest rates until the end of 2022.

Still, some analysts pointed to the growing gap between yields on five-year and 30-year Treasurys as a sign that investors expect growth and inflation to increase over the longer term, while government spending adds to the supply of debt.

Write to Orla McCaffrey at orla.mccaffrey@wsj.com

(END) Dow Jones Newswires

10-23-20 1231ET

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Financials
Sales 2019 2 409 M 79,6 M 79,6 M
Net income 2019 715 M 23,6 M 23,6 M
Net cash 2019 2 411 M 79,6 M 79,6 M
P/E ratio 2019 16,0x
Yield 2019 4,90%
Capitalization 6 832 M 226 M 226 M
EV / Sales 2018 8,79x
EV / Sales 2019 3,74x
Nbr of Employees -
Free-Float 24,1%
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Last Close Price 2,44 
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Managers
NameTitle
Kanyarattana Chok-oon-kit President & Executive Director
Palakorn Suwanrath Chairman
Kanokporn Sanawatana CFO, EVP-Finance, Accounting & Legal
Somchai Boonnamsiri Independent Director
Piroon Limpiviwatkul Executive Director
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