Bangkok · Confidential enquiries, handled by principals

Sell a large block off the screen.

A privately-negotiated sale of a substantial SET- or mai-listed position — placed with an identified buyer, at a controlled price, with minimal market impact and a clean, single-transaction cross.

01 · The instrument
Off the order book

A negotiated sale, not a sequence of clicks.

A block trade is a privately-negotiated, off-screen sale of a large parcel of Thai-listed shares, matched with a buyer at an agreed price and reported to the Exchange as a big-lot or put-through trade.

When a major holder works a sizeable line through the open order book, two things happen. The price slips as the book absorbs successive sell orders, and the very act of selling signals intent to the rest of the market — often inviting front-running and a wider re-rating of the counter. The realised price is rarely the screen price you started from.

A block trade sidesteps both. The position is shown discreetly to a known, qualified buyer; the price is fixed by negotiation; and the trade crosses in a single, reported transaction rather than bleeding into the tape over hours or days.

  • 01
    Minimal market impact. One agreed price for the whole block, instead of a falling average as the screen absorbs the flow.
  • 02
    Controlled signalling. The intention to sell is contained within a small, qualified group rather than broadcast to the order book.
  • 03
    Certainty of completion. A committed buyer and a fixed size, settled through the depository on an agreed date.
02 · The right tool
Exit · diversify · plan

When you genuinely want to part with the position.

A block trade is for the holder who wants out — cleanly, quietly, and on a price they have agreed in advance.

Sometimes the objective is not liquidity against a position you intend to keep — it is to reduce or exit it. To diversify away from a single concentrated counter, to fund an estate or a succession plan, to settle among family shareholders, or simply to crystallise value built over years. In those cases a block trade is the right instrument, and a sale is the point.

Where the goal is instead to raise capital while keeping ownership, dividends, and the upside intact, the keep-ownership alternative is a stock loan. We are equally placed to arrange either, and we will say plainly which one fits the objective in front of us.

03 · Mechanics
Sourcing · pricing · reporting · settlement

How a Thai block actually crosses.

A block trade is an exercise in matching the right buyer to the right line at the right moment, then reporting and settling it correctly.

  • 01
    Sourcing the counterparty. We approach the natural buyers for the line — domestic and regional institutions, strategics seeking a stake, and funds with a mandate for the name — discreetly and on a need-to-know basis.
  • 02
    Price discovery. Pricing is anchored to the prevailing screen, then negotiated to a premium or, more commonly, a discount that reflects size, free float, and the buyer's appetite.
  • 03
    Trade reporting. The cross is reported to the SET as a big-lot or put-through trade, executed off the continuous order book in a single transaction.
  • 04
    Settlement & sequencing. Settlement runs through the Thailand Securities Depository (TSD); timing and sequencing are arranged around disclosure, board windows, and the buyer's process.
04 · Discretion & disclosure
Confidentiality & signalling

Shown quietly, crossed in a single transaction.

A block is shown only to a small group of qualified buyers under confidentiality, so the intention to sell is contained until the trade is reported. Any disclosure or regulatory obligations are a matter for your own Thai legal counsel, engaged in parallel; we act as arranger and introducer and do not provide legal or regulatory advice.

  • 01
    Signalling risk. The position is shown only to qualified buyers under confidentiality, limiting any read-through to the screen before the trade is reported.
  • 02
    A single reported cross. The block crosses off the continuous order book as one big-lot or put-through trade, rather than bleeding into the tape over hours or days.
  • 03
    Your counsel in parallel. Disclosure, reporting, and takeover questions sit with your own Thai legal counsel, who advise on the obligations that apply to your transaction.
  • 04
    Arranger and introducer. Our role is to source the buyer and arrange the cross; we do not provide legal or regulatory advice.

Any disclosure or regulatory obligations are a matter for your own Thai legal counsel, engaged in parallel; we act as arranger and introducer and do not provide legal or regulatory advice.

05 · Sizing
From THB 30M upward

Staged or syndicated when the line is large.

Blocks are arranged for positions valued from THB 30 million upward, with no defined upper bound. The larger the line relative to the float, the more the execution is shaped around it.

06 · Engagement
From enquiry to settlement

A clear path, run with discretion.

Five stages from first conversation to a settled cross. A principal is involved at every stage.

Stage one

Enquiry

The high-level details of the position and your objective, shared through a secure channel.

Stage two

Indicative pricing

A read on achievable price against the screen, given the size, free float, and liquidity of the counter.

Stage three

Buyer process

Discreet sounding and engagement of qualified buyers under confidentiality.

Stage four

Documentation

Sale terms and confirmations prepared alongside your own Thai counsel, who handle any regulatory filings.

Stage five

Crossing & settlement

The block is reported to the SET and settled through the TSD on the agreed date.

07 · FAQ
Common questions

Block trades, in plain terms.

01What is a block trade on the SET?
A block trade is a privately-negotiated, off-screen sale of a large parcel of SET- or mai-listed shares. Rather than working the position through the order book, where a sizeable seller moves the price and signals intent, the block is matched with an identified buyer at an agreed price and reported to the Exchange as a big-lot or put-through trade. The aim is minimal market impact and controlled disclosure.
02How is the block trade price set?
Price is discovered against the prevailing screen — typically expressed as a negotiated premium or, more often, a discount to the volume-weighted or last-traded price — reflecting the size of the block, the liquidity and free float of the counter, and the appetite of the buyer. Indicative pricing is issued only after review of the specific ticker and position.
03Should I do a block trade or a stock loan?
A block trade is the right tool when you genuinely want to exit, diversify, fund an estate or succession plan, or reduce a position permanently. A stock loan is the alternative when you want liquidity but intend to keep ownership, dividends, and upside. We can scope both and let the objective decide.
04Will a block trade have to be disclosed in Thailand?
A block trade may carry disclosure or other regulatory obligations under Thai law. Any disclosure or regulatory obligations are a matter for your own Thai legal counsel, engaged in parallel; we act as arranger and introducer and do not provide legal or regulatory advice.
05What block sizes do you arrange?
Blocks are typically arranged for positions valued from THB 30 million upward, with no defined upper bound. Larger blocks may be staged over time or syndicated across more than one buyer to manage price and disclosure.

Have a line you are ready to place?

Tell us the counter and the size. A senior principal will reply with an indicative read — usually within one business day.