Bangkok, SCGD, the largest IPO stock of 2023, entered the first day of trading on the SET, opening price at 10.10 baht, down 1.40 baht or 12.17% from the IPO price of 11.50 baht.

Mr. Phakorn Peetathawatchai, Director and Manager of the Stock Exchange of Thailand (SET), and Mr. Namphon Malichai, Chief Executive Officer and President SCG Decor Public Company Limited along with executives Participated in the opening ceremony for the first day of securities trading today (20 Dec.) on the Stock Exchange of SCG Decor Public Company Limited in the real estate and construction group. Construction materials category Using the abbreviation for trading securities as "SCGD" at the final offering price (IPO) of 11.50 baht per share, representing a fundraising value of 5,049.65 million baht and the value of securities at the IPO price of 18,975 million baht, opening the first day of trading at a price of 10.10 baht, decreasing. 1.40 baht or a decrease of 12.17% from the IPO price

Mr. Namphon Malichai, Chief Executive Officer and President of SCG Decor Public Company Limited, revealed that the listing of "SCGD" shares for trading on the Stock Exchange of Thailand. It is a business restructuring to make SCGD the core company of SCG in the surface decoration and sanitary ware business. as well as strengthening the financial position to support business expansion plans. It is used as working capital for the business and to adjust the capital structure. The company plans to continuously expand its investment. In the past, some investments have been expanded, such as 1) investment projects to reduce energy costs and improve machinery to increase production efficiency, such as installing a system to produce electricity from solar energy for use in factories, using biomass for production. Hot air in the clay powder production process Tile business in Thailand, Indonesia and Vietnam to reduce the use of natural gas and coal, and reuse heat from furnaces in the production process of Vietnamese factories. and the Philippines, improving production lines and kilns to support new products and increase efficiency, etc. and 2) production line investment projects such as establishing an SPC vinyl tile factory in Saraburi, expanding production capacity for large tiles and Glazed Porcelain in Vietnam. and study the plan to establish a new sanitary ware factory. and lay down key strategies for use in further business expansion. and is ready to grow sustainably by developing earth-saving products and environmentally friendly production processes. It will increase the proportion of SCG Green Choice products to 80% of sales in 2030 and aim for Net Zero Carbon in 2050.

As for the Company's operating results in the first 9 months of 2023, it slowed down slightly compared to the same period last year. From the situation in the real estate sector in Vietnam With sales income of 21,522 million baht and net profit of 760 million baht, however, in the 3rd quarter of 2023, the company had sales income of 7,186 million baht and net profit of 280 million baht, an increase of 1.1% and 22.9% from the quarter. previous in order It reflects the overall economy that has passed its lowest point and that the market is likely to improve next year. The company has a strong financial position with a ratio of net interest-bearing debt to total shareholders' equity of 0.3 times, in addition to There is also an additional positive factor, namely the price of natural gas that is gradually decreasing. It has a positive effect on the company's production costs.

Mr. Phichet Sithi-Amnuai, Managing Director Bualuang Securities Public Company Limited, as a financial advisor and underwriter, said that SCGD has the strength to be a leader in the surface decoration and sanitary ware business in the ASEAN region, with a share of the ceramic tile market. Ranked number 1 in Thailand, Vietnam and the Philippines. Including having the number 1 market share of sanitary ware in Thailand, having a well-known and accepted brand throughout the ASEAN region and having products covering all customer groups. There is an expert product design and development team. There is a modern production process and technology. Distribution channels covering all regions and aims for sustainable growth under production processes following ESG principles. SCGD's IPO is considered to be the largest this year. It was listed on the Stock Exchange in place of COTTO which had its securities delisted from the Stock Exchange. According to the business restructuring plan.

Source: Thai News Agency