Sign up | Log in



PR Today

Home >> Press Release

Thai alternative bourse to list Siamraj on November 11

BANGKOK, November 10, 2015 - Market for Alternative Investment (mai) will list Siamraj  pcl, a company engaged in natural gas-related businesses, on November 11, under the ticker symbol "SR" as it met listing requirement following market capitalization criteria. The company has a market capitalization at its initial public offering (IPO) of THB 2.1 billion (approx. USD 58.3 million).

mai President Prapan Charoenprawatt said that SR would list and start trading on mai in the Resources industry group on November 11. The company provided three main services in natural gas-related businesses, covering 1) construction and installation of flow measuring systems and pipelines of natural gas; 2) operation, design, installation, maintenance, and management and service of natural gas stations; 3) design and sales of engineered pumps and system and related engineered equipment for industrial factories and power plants.
SR has a paid-up registered capital of THB 300 million, consisting of 450 million existing common shares and 150 million newly issued shares, with a par value of THB 0.50 each. During November 4-6, it offered 150 million shares to the general public at THB 3.50 each, for a total of THB 525 million. RHB Securities (Thailand) pcl was its financial advisor and underwriter.

SR Chief Executive Officer Kiat Vimolchalao said the listing would strengthen the company’s financial capabilities. The fund raised would be used for project investment and working capital, responding to the industry growth as the demand for natural gas consumption was expected to increase as a result of the government’s plan to expand natural gas pipeline routes, and boost electrical generation. This was a great opportunity for SR to grow its business in the future.

SR’s three major shareholders after the IPO are Vimolchalao family (60.18 percent), Neesanun family (9.60 percent), and Anant Siripurikarn (3.00 percent). The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 15.05 times calculated by using the company's net profit (without using Q4/2014 accounting adjustment resulting the company’s loss) in the past four quarters (Q3/2014-Q2/2015), divided by fully diluted shares, representing earnings per share of THB 0.23. SR's dividend policy is to pay no less than 40 percent of net profits after taxes and reserves.

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


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           November 13 , 2015 Subsribe Now !
• U.S. Companies Engage Indonesia on Increasing Investment and Trade Subcribe: Asean Affairs Global Magazine
• Government prepares medium-sized businesses for AEC
• TBA offers easier way to renew car insurance
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Cambodia’s energy policy out of balance: WEC
NA adopts 2016 budget with forecast deficit at 5% of GDP 
Asean Analysis                   November 13, 2015
• Asean Analysis November 13, 2015
President Obama Needs to Visit Singapore Next Year
Advertise Your Brand

Asean Stock Watch  November 12,   2015
• Asean Stock Watch-November 12, 2015
The Biweekly Update
• The Biweekly Update November 13, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand