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Thai bourse welcomes BJC Heavy Industries

BANGKOK, November 27, 2013 – The Stock Exchange of Thailand (SET) welcomes BJC Heavy Industries pcl to its main board, listing in the Property Development sector on November 28 under the ticker symbol "BJCHI," with a market capitalization at the initial public offering price of THB 9.6 billion (approx. USD 300 million).

SET Executive Vice President Chanitr Charnchainarong said that BJCHI provided steel fabrication, modularization, site erection, and precast concrete services to the energy and petrochemical, mining, dam, and power plant industries, among others, as well as to global contractors.
BJCHI’s paid-up registered capital is THB 320 million, consisting of 240 million existing shares and 80 million newly-issued shares, with a par value of THB 1.00. The company offered the newly-issued shares to the general public at THB 30 per share during November 19-22, for a total of THB 2.4 billion. KGI Securities (Thailand) pcl is the company's financial advisor and their lead underwriter.
Young Jun Lee, Managing Director of BJCHI, said "The company is very pleased to list on SET. BJCHI is a leading provider of engineering equipment manufacturing and installation services for international basic industries. Fundraising proceeds will be used to improve our production efficiency, expand our customer base, and cope with the overseas expansion of heavy industry. These steps will help the firm go global in manufacturing and installing engineering equipment for large-sized industrial plants.”
BJCHI's three major shareholders after the IPO are the Lee family (74.44%), the Wachirapong family(3.75%), and Sompong Jaipetch (0.94%). The IPO price was determined by the book-building method. BJCHI has a price-to-earnings (P/E) ratio of 8.09 times, calculated using net profits over the past four quarters (the fourth quarter of 2012 to the third quarter of 2013), and divided by the number of fully-diluted shares, resulting in earnings per share of THB 3.71, compared to its peers’ weighted average P/E of 16.67 times (August 1 – October 31, 2013). BJCHI’s dividend policy is to pay no less than 50 percent of net profits after taxes and reserves.

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

SET Group: “Matching Your Right Financial Opportunities”

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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






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