'VGI attaining world class in MSCI Global Small Cap Indices in June'

Stocks and Financial Services Press Releases Tuesday May 28, 2013 12:41
Bangkok--28 May--Master Mind Communications

VGI Global Media Public Company Limited (VGI), the leading lifestyle media provider listed on the Stock Exchange of Thailand (SET), is taking a giant step forward to become a world-class player as it will be incorporated into the MSCI Global Small Cap Indices starting on June 1 this year.

Commenting on this important milestone, VGI chief executive officer, Mr. Marut Arthakaivalvatee, said it is the pride of all company executives and staffs that VGI is achieving this world-class status after being listed on the Thai stock market for less than 8 months. He thanked stock investors for their confidence in the Company by actively investing and trading in VGI stock, which has helped the Company to qualify for the MSCI inclusion.

"We are very pleased that VGI was selected by a world-class index like MSCI because VGI is a relative newcomer to the SET, having been listed for less than a year. To be eligible for inclusion in the Index, a stock must have high market value, sufficient liquidity and substantial daily trading volumes. Therefore, we are grateful to VGI investors for having confidence in us. From now on, our stock will become better known among foreign investors," Mr. Marut stated.

Given the favorable international profile and the Company's continuous robust growth, Mr. Marut expressed confidence that VGI is on course to achieve the 30% revenue growth target in the current financial year (April 2013 - March 2014).

Highlights of ongoing development projects include a 260 million baht investment budget to enlarge multimedia screens and reposition them to more strategic locations on key BTS SkyTrain stations. Once completed, they will be incorporated into new digital media packages designed to ensure a more effective reach to specific target groups.

Greater focus is also placed on the management of Modern Trade media at over 300 Tesco Lotus and Big C branches nationwide to ensure higher efficiency, while the Company recently signed media management contracts for another 12 office buildings, raising the total number of buildings under its management to 63.

VGI is now the sole agent for advertising media on the Airport Link and it is also responsible for selling advertisements on Outdoor LED screens at 10 busy traffic intersections in Bangkok. All the digital media networks on the BTS systems, Modern Trade, Office Building and Outdoor LED screens are centrally controlled from the Company headquarters.

"In the second quarter (July 1 - September 30), the Company will complete the installation of digital media on the new 35 single-car trains. Furthermore, the increase in efficiency of the Modern Trade media team and the expansion of the office building network will contribute to the Company's growth. All in all, we believe that the 30% target growth is achievable as planned," Mr. Marut said.

VGI is currently Thailand's leading out?of?home lifestyle media provider, managing static media network on the BTS SkyTrain system and in large?format modern trade outlets across the country, with more than 10,000 displays, over 11,000 sq.m. of advertising area in Sales Floor areas in modern trade outlets, and digital advertising media network on BTS stations and trains, digital media in Tesco Lotus, Big C and Watsons stores and in office buildings across Bangkok with a total of 4,600 screens. VGI also manages merchandising space on 23 BTS stations and manages in-store radio media network in modern trade outlets of about 1,700 branches nationwide.

Latest Press Release

Fitch Rates ICBCTL#s Senior Notes #AAA(tha)#

Fitch Ratings (Thailand) Limited has assigned ICBC (Thai) Leasing Company Limited's (ICBCTL, AAA(tha)/Stable/F1+(tha)) upcoming long-term senior unsecured notes a National Long-Term Rating of 'AAA(tha)'. The notes will be issued under ICBCTL's THB30...

UnionPay offers foodies exclusive fine dining experiences at a special price At Bangkok Restaurant Week 2018

The highly anticipated Bangkok Restaurant Week 2018 from Wongnai is here. The annual festival is bringing foodies fine dining experiences and special deals from over 50 most well-known restaurants across Bangkok. UnionPay, the best payment companion for...

TCEB unveils its 2019 strategy under a brand-new campaign Thailand: REDEFINE Your Business Events

TCEB today announced a launch of its new brand marketing communication campaign "Thailand: Redefine Your Business Events". The new campaign has prompted the bureau to redefine its role as an industry's partner for success. Tapping into the growing...

L1 Treasury จับมือ Airborne Capital ทุ่มทุน 250 ล้านดอลลาร์สหรัฐ เปิดตัว AltitudeOne Aviation

- AltitudeOne Aviation Ltd ("AltitudeOne Aviation") เป็นธุรกิจร่วมทุนที่เปิดตัวโดย LetterOne Treasury Services SA ("L1 Treasury") และ Airborne Capital Limited ("Airborne Capital") - AltitudeOne Aviation จะลงทุนในพอร์ตหลากหลายประเภท...

L1 Treasury and Airborne Capital Commit US$250m to Launch of AltitudeOne Aviation

- AltitudeOne Aviation Ltd ("AltitudeOne Aviation") is a venture launched by LetterOne Treasury Services SA ("L1 Treasury") and Airborne Capital Limited ("Airborne Capital") - AltitudeOne Aviation will invest in a diversified portfolio of in-production...

Related Topics