Thai alternative bourse to list Project Planning Service on September 26

Stocks and Financial Services Press Releases Wednesday September 26, 2012 16:34
Bangkok--26 Sep--SET

The Stock Exchange of Thailand (SET) welcomes Project Planning Services pcl to its Market for Alternative Investment (mai). The company will list and start trading on September 26, under the ticker symbol "PPS" after it raised THB 84 million (approx. USD 2.71 million) through an initial public offering (IPO).

PPS provides comprehensive services for engineers, architects, and construction specialists, including civil construction, electrical, mechanical, plumbing and sanitary systems, as well as interior design and other aspects of project management from initial conception to completion of the project, including continuation of services and maintenance tasks. The company is recognized widely in the engineering industry and is one of Thailand’s leading consulting engineer service providers. Thanks to its professionals, the company has enjoyed promising growth and has effective operations that will enable it to fulfill its potential.

Chanitr Charnchainarong, mai president, said: "PPS is the country’s leading provider of engineering consultant and project construction management services. With more than 25 years of providing professional engineering advices, PPS has successfully completed more than 100 projects, including the Bank of Thailand’s head office, Baiyoke 2 building, The Offices@Central World, the Blue-Line mass transit train, and Central Plaza Rama 9. All are projects recognized for their engineering excellence.”

PPS has a paid-up registered capital of THB 100 million, with a par value of THB 0.25 each, consisting of 280 million existing common shares and 120 million new shares. It sold 120 million shares via IPO at THB 0.70 per share, for a total of THB 84 million during its IPO on September 17-19. The proceeds will be used to buy design programs for computer, increase the number of employees for design service, and for working capital. Asset Pro Management Co., Ltd. is the company’s financial advisor, and Finansia Syrus Securities pcl is the company’s underwriter.

Prasong Tharachai, Chairman of PPS, said: "We are really pleased to become a listed company on mai. PPS is Thailand’s first engineering advisory and project construction management service provider to be listed on mai. We strongly believe the fundraising will not only enlarge the potential of the company’s services by enabling it to offer a full range of construction services, but also reinforce the reliability of its professional management. This will help open business opportunities in cooperation with internal and overseas partners to take advantage of the upcoming ASEAN Economic Community.”

PPS's three major shareholders after IPO are Mr.Prasong Tharachai’s group (29.17 percent), Mr.Somphant Hongchintakul’s group (29.17 percent), and Mr.Tat Thongpak (1.40 percent). It has a price per earnings ratio (P/E ratio) of 13.32 times, calculated using earnings per shares during July 1, 2011 - June 30, 2012. The company's dividend policy is to pay no less than 40 percent of net profits after corporate taxes and reserves.

For more information on PPS, please see the company's prospectus at the Securities and Exchange Commission's website at and general information at the company's website at and

Latest Press Release

FTSE SET Index Series December 2018 Semi-annual Review

FTSE Russell and The Stock Exchange of Thailand (SET) jointly announce the change of FTSE Large Cap Index as the result of December 2018 semi-annual review for FTSE SET Index Series. Gulf Energy Development PCL (GULF) will be added to the FTSE SET Large...

SET market report for November 2018

The Stock Exchange of Thailand (SET) Index at the end of November dropped 1.6 percent from the previous month and 6.4 percent from end-2017 to 1,641.80 points, falling at a slower pace than most Asian bourses. The average daily trading value of SET and...

Photo Release: EXIM Thailand Holds the Seminar Trade and Invest without Riskswith Financial Tools

Dr. Nongnuch Laomaneerattanaporn (second right), Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), recently welcomed Mrs. Preeyanuth Thiantravan (third right), Managing Director of Thai Mee Co., Ltd., in the seminar "Trade and...

Fitch Assigns Minor International#s USD Guaranteed Securities Final #BBB+# Rating

Fitch Ratings has assigned Minor International Public Company Limited's (MINT) USD300 million guaranteed senior perpetual capital securities a final rating of 'BBB+'. The final rating is in line with the expected rating assigned on 23 November 2018 and...

Photo Release: KResearch forecasts 2019 Thai GDP to grow 4%

Recently, at Phahon Yothin Building, Dr. Charl Kengchon, KResearch Managing Director, led his team to deliver a press conference on the Thai economy for 2019 which is projected to grow 4 percent. Brighter growth is expected in online retail trade,...

Related Topics