Sign up | Log in



Home  >>   Daily News  >>   Thailand News  >> Capital Markets  >> Thai alternative bourse to list Sea Oil on September 5
NEWS UPDATES Asean Affairs   4 September 2013  
Thai alternative bourse to list Sea Oil on September 5
The Stock Exchange of Thailand (SET) welcomes Sea Oil pcl to its Market for Alternative Investment (mai). The company will list and start trading on September 5 under the ticker symbol "SEAOIL", after raising THB 241.5 million (USD 7.6 million) through an initial public offering (IPO).

SET Senior Vice President Paveena Sriphothong said that SEAOIL will be the ninth new listing on mai this year. The company supplies diesel, fuel oil, gasoline, and lubricant products to all kinds of ships in Thailand and abroad, as well as to manufacturing, land transportation, and passenger vehicles, etc. In addition, it provides catering service, materials, and other services to accommodation barges, vessels, and oil and gas rigs at sea.

SEAOIL has a paid-up registered capital of THB 180 million, with a par value of THB 1.00 each, consisting of 110 million existing common shares and 70 million newly-issued shares. Of the new share issue, 62.3 million shares were offered to the general public through an IPO, and 7.7 million shares to the company and Group of Nathalin Co.,Ltd ’s directors and management. The IPO was on August 26-29 at THB 3.45 per share, for a total of THB 241.50 million. Sage Capital Co., Ltd. is the company's financial advisor, while KGI (Thailand) Securities pcl is the company's underwriter.

Neeracha Panboonhom, Managing Director of SEAOIL, said that the firm was really pleased to list on mai. The listing would help boost the company’s image and financial strength, as well as to support its business expansion regionally.

SEAOIL's three major shareholders after the IPO are Nathalin Co.,Ltd. (47.22 percent),  Panboonhom Group (12.11 percent), and Apisit Rujikiatkumjorn (2.78 percent). The IPO price was set by using a market-comparable price in the industry. The IPO price had a price-earnings (P/E) ratio) of 7.93 times, calculated using earnings over the last four quarters (from the third quarter of 2012 to the second quarter of 2013), divided by the number of fully-diluted shares, or earnings per share at THB 0.44. The company's dividend policy is to pay no less than 30 percent of net profits after corporate taxes and reserves.

SET Group “Matching Your Right Financial Opportunities”

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    4  September 2013 Subsribe Now !
• Thai alternative bourse to list Sea Oil on September 5 Subcribe: Asean Affairs Global Magazine
• ASEAN and Chinese Leaders Pledge to “Seed for a Brighter Future” while Reaping the Fruits of a Bumper Harvest Asean Affairs Premium
• ASEAN Defence Ministers and their Plus Counterparts Reaffirm Commitment for Regional Peace and Security at the 2nd ADMM-Plus 
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• China promises better cooperation with Mekong nations to mitigate floods
• Myanmar to define 'political prisoner' through parliament
• Asean employment deal set to reinvigorate Vietnamese tourism
• Expiring Passports: Changes to Thai Immigration Regulations
Asean Analysis           2 September 2013 Advertise Your Brand
• Asean Analysis- September 2, 2013
European Pivots to Southeast Asia: Leaving the EU-ASEAN Corridors?
• Asean Weekly:The Biweekly Update 23 August 2013
Asean Stock Watch     3 September  2013
• Asean Stock Watch-September 3, 2013 

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