Malaysia-base CIMB Group Holdings Bhd is expected to become the first foreign company to list on the Stock Exchange of Thailand (SET) when the new regulations on foreign listing on the Thai bourse come into effect next month.
SET president Patareeya Benjapolchai on Monday revealed the new regulations on foreign listing have been approved by Thailand’s Securities and Exchange Commission (SEC) and the Thai bourse in October this year and will be effective from next month.
However, Patareeya disclosed that the regulations will in the first phase allow only the dual listing …

Siam Cement Plc (SCC) on Wednesday announced a consolidated net profit of 6.99 billion baht in the third quarter of this year, an increase of 18 percent from the same period last year, despite a 19 percent drop in net sales.
According to its report to the Stock Exchange of Thailand, SCC, the country’s leading industrial conglomerate, said the net profit of 6.99 billion baht rose slightly by two percent from the second quarter of this year while the earnings before interest, tax, depreciation and amortisation (EBITDA) in the third quarter …

Thailand’s PTT Plc has acquired a total of 14.6 million shares, worth about 157 million baht, in Thai Lube Blending Co., Ltd. (TLBC) from TOTAL Oil (Thailand) Co., Ltd. and other shareholders, helping it to fully control the lubricating oil company.
According to a report to the Stock Exchange of Thailand (SET), the country’s largest oil and gas firm PTT on Monday said its wholly owned subsidiary, PTT Retail Business Co., Ltd. (PTTRB), had signed an agreement with TOTAL Oil (Thailand) Co., Ltd. and other shareholders to purchase the 14.6 million …

Thailand’s TrueMove will be receiving advance reservation for new iPhone 3G S Wi-Fi during August 5-24 before the launch of the innovative handset will be made in Thai market on August 28.
The advance reservation can be made via TrueMove’s website at www.truemove.com or at True Shops around the nation while those reservation makers can pick up their iPhone 3G S Wi-Fi from August 28 to September 3.
According to Papon Ratanachaikanont, assistant to the president and chief executive officer of True Corporation Plc and the company’s deputy group chief commercial officer, …

Siam Cement Group (SCG), Thailand’s biggest industrial conglomerate with over 300 billion baht of total assets, on Wednesday reported a net profit of 6.84 billion baht, an increase of 32 percent from the previous quarter but a fall of five percent from the same period last year.
According to SCG president and chief executive officer Kan Trakulhoon, the quarterly net profit of the group, Siam Cement Plc and subsidiaries, came from the net sales of 56.88 billion baht during the April-June period, an increase of only about three percent from the …

SCB nets 5.2-billion-baht profit in Q2
Thailand’s top three commercial banks recently reported their operating results for the second quarter of this year as the biggest lender Bangkok Bank saw its net profit slightly drop by 3.4 percent while second lender Krung Thai Bank’s quarterly profit rose 15 percent and third lender Siam Commercial Bank’s profit fell 10 percent.
The three biggest lenders posted the quarterly net profits of 4.86, 2.33 and 5.2 billion baht respectively.
Bangkok Bank Plc (BBL), with 1.74 trillion baht of assets, said its April-June net profit dropped 3.4 …