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    SCB   THA790010005

THE SIAM COMMERCIAL BANK

(SCB)
  Report
End-of-day quote Stock Exchange of Thailand  -  2023-02-02
105.00 THB    0.00%
01/31Siam Commercial Bank : SCB moves forward toward 117th year
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01/20Siam Commercial Bank : Scbx announced 2022 net profit
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01/20Siam Commercial Bank : Financial Statements (December 2022)
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Siam Commercial Bank Public : Token X appointed as ICO portal

05/31/2022 | 12:10am EST

Token X appointed as ICO portal provider for Y.S.S.P. Aggregate, with a joint study on investment token feasibility underway to support EEC economic and industrial growth

Token X Co., Ltd., a subsidiary under SCBX Group is actively providing total digital token solutions, including an initial coin offering (ICO) portal. The company has been appointed as the ICO portal provider for Y.S.S.P. Aggregate Co., Ltd., an operator of water resource development and management for the industrial sector. The partnership will focus on a joint study on investment token feasibility for water management projects for industrial estates to support economic and industrial growth in the Eastern Economic Corridor (EEC) and to explore business growth opportunities through investment innovations that are primarily based on blockchain technology and digital tokens.

Token X's Chief Executive Officer, Ms. Jittinun Chatsiharach said, "The initial coin offering (ICO) portal business is a key business driver that will allow SCBX to achieve its mothership strategy of paving the way for the future financial world. As an ICO portal provider, we hope to offer new alternatives for effective fund raising for digital token issuers. Access to fund sourcing is essential for exponential business growth. Businesses are likely to increasingly turn to fund raising via digital tokens in the future because they help unlock the potential of assets with low liquidity that has been restricted by the traditional fundraising approach amid the current economic situation."

"We are delighted and honored that Y.S.S.P. Aggregate Co., Ltd. has appointed Token X as the company's ICO portal provider, and we will jointly study the feasibility of investment token issuance. As the ICO portal provider, Token X is committed to deploying our potential, capability, knowledge, and expertise with digital tokens and our experience in blockchain technology in developing new and effective fundraising approaches for Y.S.S.P. Aggregate to help the company find new growth patterns and investors through a more diverse range of investment alternatives." Ms. Chatsiharach added.

Y.S.S.P. Aggregate Chief Executive Officer Mr. Yutthachai Phukhanthasom said, "We have inked the appointment of Token X as the company's ICO portal provider to study investment tokens to support economic and industrial growth in the Eastern Economic Corridor (EEC). Y.S.S.P. Aggregate is a well-established and strong partnership of stone, soil, and sand mining concession businesses in Chonburi and Rayong. Thanks to our extensive water resource network, we understand water resources in this area very well and have strong water management skills. Our personnel and advisory teams are equipped with experience and expertise in water production and distribution for both the public and private sectors. The company's shareholding structure includes Thai Polycons PCL, which supports our construction work, and other strategic partners to help strengthen our capital. We are confident in taking an active part in water management to support economic and industrial growth in the EEC following the government's strategy."

"As for our partnership with Token X as our ICO portal provider, Token X will help advise on organizing the business structure and review project plans to ensure regulatory compliance with Securities and Exchange Commission (SEC) requirements to boost the company's business opportunities and growth potential." Mr. Phukhanthasom added.

About Token X

Token X Co., Ltd. is an SCBX Group subsidiary pursuing its aspiration of becoming a "Tokenization Success Partner." The company is equipped with capable teams and personnel ready to offer total digital token solutions and initial coin offering (ICO) portals. For more information, visit www.tokenx.finance or www.facebook.com/tokenx.th, or contact contact@tokenx.finance

About Y.S.S.P. Aggregate Co., Ltd.

Y.S.S.P. Aggregate Co., Ltd. is an operator of water source development and management for the industrial sector to effectively support industrial growth in the Eastern Economic Corridor (EEC). For more information, visit www.yssp-group.com or contact contact@yssp-group.com

Disclaimer

SCB - Siam Commercial Bank pcl published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 04:09:08 UTC.


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Sales 2022 156 B 4 671 M 4 671 M
Net income 2022 40 359 M 1 209 M 1 209 M
Net Debt 2022 - - -
P/E ratio 2022 8,78x
Yield 2022 4,47%
Capitalization 357 B 10 678 M 10 678 M
Capi. / Sales 2022 2,29x
Capi. / Sales 2023 2,14x
Nbr of Employees -
Free-Float 70,2%
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Last Close Price 105,00 THB
Average target price 130,88 THB
Spread / Average Target 24,6%
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Arthid Nanthawithaya Chief Executive Officer & Director
Vichit Suraphongchai Chairman
Kan Trakulhoon Independent Director
Thaweesak Koanantakool Independent Director
Weerawong Chittmittrapap Independent Director