DCON, DRT, Q-CON, RCI, SUPER, และ TASCO A STUDY OF THE COMPARISONS OF RISK AND RATES OF RETURN OF BUILDING MATERIALS BUSINESS BY CAPITAL ASSET PRICING MODEL (CAPM): SECURITIES CASES DCON, DRT, Q-CON, RCI, SUPER, ANDTASCO

Abstract

The purpose of this study is 1) The study of risk and rate of return on the securities in Building materials business, and 2) To compare the rate of return expected rate on the securities, the securities in Building materials business sector BY CAPITAL ASSET PRICING MODEL (CAPM) the actual yield of the securities sector of building materials information collected from report includes trading on the Stock Exchange of Thailand SET INDEX Securities and construction materials business sector the studied building materials business sector Securities Exchange-listed securities 6 securities 1) DCON Products Public Company Limited: DCON, 2) Diamond Building Products Public Company Limited. : DRT, 3) Quality Construction Products Public Company Limited. : Q-CON, 4) The Royal Ceramic Industry Public Company Limited : RCI, 5) Superblock Public Company Limited.: SUPER and 6) TID co Asphalt Public Company Limited. : TASCO Studies using secondary data daily. From 1 January 2554 to 31 December 2555 for a total period of 489 days, the tools used in the study, including the analysis of the stock using the CAPM theory Securities Market Line (SML). The result founded that, Compare the yield of the securities sector of building materials with market returns. The Securities sector of building materials to the market rate of return higher than 4 securities the Q-CON, SUPER, DCON and RCI, respectively, and the Securities sector of building materials that provide belowmarket rate of return on the securities is the number two respectively TASCO DRT and risk as measured by beta results showed that the risk of a stock is equal to 1.3274 compared to the yield of the securities in the building materials sector the securities sector, including building materials. TASCO, SUPER, RCI, DRT, Q-CON and DCON a lower risk than the market. And on the rate of return is expected to get construction materials business sector of securities compared to the rate of return required by the Securities sector found that the CAPM model materials to create a group that is less than it should be. Undervalued) with five securities are securities DCON, DRT, Q-CON, RCI, and building materials business sector SUPER securities are valued higher than it should be (Overvalued) is the first Asset Securities TASCO.