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MarketScreener Homepage  >  Equities  >  Stock Exchange of Thailand  >  The Siam Cement    SCC   TH0003010Z04

THE SIAM CEMENT

(SCC)
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Siam Cement's Packaging Unit Gets Regulatory Approval for Thai IPO

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05/29/2020 | 02:35am EDT

By P.R. Venkat

Siam Cement PCL said it has received approval from The Securities and Exchange Commission of Thailand to go ahead with its plans for an initial public offer of its packaging unit.

SCG Packaging Public Co. along with its financial advisor is assessing the current situation including that of the equity capital markets, and confidence level of both Thai and international investors, Siam Cement said Friday.

"Once the overall situation becomes clearer and more conducive, SCGP will proceed with its IPO and the listing of its shares on the SET (Stock Exchange of Thailand)," the company said.

Siam Cement didn't disclose the amount it is planning to raise from the offering.

Last year, Siam Cement had said that it planned to sell up to 30% of SCG Packaging's shares through an IPO.

SCG Packaging intends to use proceeds from the planned IPO for domestic and international business expansion, Siam Cement had said.

 

Write to P.R. Venkat at venkat.pr@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
SET -1.12% 1350.5 Real-time Quote.-14.52%
THE NEW HOME COMPANY INC. 2.16% 3.31 Delayed Quote.-28.97%
THE SIAM CEMENT 0.26% 383 End-of-day quote.-2.30%
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Financials
Sales 2020 410 B 13 084 M 13 084 M
Net income 2020 31 969 M 1 021 M 1 021 M
Net Debt 2020 197 B 6 292 M 6 292 M
P/E ratio 2020 14,6x
Yield 2020 3,39%
Capitalization 460 B 14 677 M 14 675 M
EV / Sales 2019
EV / Sales 2020 1,60x
Nbr of Employees 23 630
Free-Float 56,0%
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Technical analysis trends THE SIAM CEMENT
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 378,60 THB
Last Close Price 383,00 THB
Spread / Highest target 14,9%
Spread / Average Target -1,15%
Spread / Lowest Target -32,1%
EPS Revisions
Managers
NameTitle
Roongrote Rangsiyopash President, Chief Executive Officer & Director
Satitpong Sukvimol Chairman
Thammasak Sethaudom Chief Financial Officer, VP-Finance & Investment
Sumet Tantivejkul Vice Chairman
Pricha Attavipach Independent Director
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