Wednesday October 16, 2019 02:19

Stcoks Press Release : 26 Aug 2019

Winners unveiled in SETs Crown Diamond Economic Contest for primary and high school levels Stcoks—26 Aug 19

The Stock Exchange of Thailand (SET), jointly with partners, has announced the winners of the 11th Crown Diamond in Economics Contest, with Pitchaya Paramavej, a student from Mahidol Wittayanusorn School receiving the winning trophy in senior high school

Fitch Rates Siam Cement#s New Debentures #A+(tha)# Stcoks—26 Aug 19

Bangkok--26 Aug--Fitch Ratings

Fitch Ratings-Bangkok-26 August 2019: Fitch Ratings (Thailand) Limited has assigned The Siam Cement Public Company Limited's (SCC, A+(tha)/Stable) new THB10 billion unsecured and unsubordinated debentures - No.2/2562, due 2023 - a National Long-Term Rating of 'A+(tha)'. The proceeds will be used to refinance maturing debentures.

The notes are rated at the same level as SCC's National Long-Term Rating as they constitute direct, unsecured, unconditional and unsubordinated obligations of the company.
KEY RATING DRIVERS

Rising Capex; High Leverage: Fitch expects SCC's funds from operations (FFO) adjusted net leverage to increase to about 3.0x in 2019-2021 (end-1H19: 2.7x) due to increasing capex. SCC plans to maintain its five-year capex and investment plan at around THB250 billion, of which 70%-75% is committed to four major chemical and packaging projects. This includes the acquisition of a 55% stake in listed Indonesia-based packaging company PT Fajar Surya Wisesa Tbk (Fajar) for THB21 billion, which was completed on 28 June 2019.

Strong Operating Cash Flow: SCC's FFO is likely to remain strong at around THB60 billion a year over the next two years (2018: THB63 billion). Fitch expects the company's revenue and EBITDA to be flat in 2019 before rising in 2020. We expect the weake

Bangkok Bank showcases great deals from Be1st Smart TPN UnionPay card Stcoks—26 Aug 19

Bangkok Bank packs great privileges on shopping-dining-commuting-movies for deal lovers in one Be1st Smart TPN UnionPay card. Bangkok Bank Executive Vice President Shoke Na Ranong revealed the latest Be1st Smart TPN UnionPay card privileges to better

KTC joins hands with United Auction in signing a memorandum of cooperation, shaking the personal Stcoks—26 Aug 19

Mr. Rathian Srimongkol (Center, Right) President & Chief Executive Officer, "KTC" or Krungthai Card Public Company Limited, and Mr. Suvit Yoadjarust (Center, Left), Chairman of Executive Director at Union Auction PCL,jointly signed a memorandum of

Photo Release: KBank wins Thailands Top Corporate Brands 2019 award Stcoks—26 Aug 19

Ms. Kattiya Indaravijaya, KBank President, recently represented KBank to receive the "Thailand's Top Corporate Brands 2019" award from Professor Dr. Bundhit Eua-arporn, President of Chulalongkorn University, in recognition of KBank as an organization

สถานเอกอัครราชทูต ณ กรุงบรัสเซลส์ ร่วมกับ สภาหอการค้าแห่งประเทศไทย จัดเวทีสัมมนา Stcoks—26 Aug 19

สถานเอกอัครราชทูต ณ กรุงบรัสเซลส์ ร่วมกับ สภาหอการค้าแห่งประเทศไทย เตรียมจัดเวทีสัมมนา "Trade & Investment Opportunities between Thailand, Benelux Countries, and France in Preparation for the Future Thai-EU FTA"