SCC benefits from weak baht, JV deal with PTTGC to be detailed on October 29

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Thammasak Sethaudom, President and CEO of Siam Cement Public Company Limited, or SCC, said the baht's continued depreciation, recently averaging around 33.69 baht per dollar, is a positive for the company, since about 40% of SCC's revenue comes from overseas, which will clearly help lift that portion of revenue. As for cooperation between SCG Chemicals Public Company Limited, or SCGC, and PTT Global Chemical Public Company Limited, or PTTGC, in studying the merger of their olefins businesses, the various steps are progressing steadily, with details to be officially announced on October 29, 2026. The research team at Asia Plus Securities said the two sides have reached a preliminary agreement on the scope of the joint venture, or JV scope, and expects PTTGC to be the major shareholder in the joint venture while SCGC retains a significant stake. It recommends buying SCC shares with a target price of 310.00 baht. On business direction for 2026, SCC is maintaining its target for cash flow from normal operations, excluding special items, or EBITDA, at more than 55 billion baht, after achieving about 42.9 billion baht in the first half of this year. Currently, revenue from polyolefin products accounts for about 42%, while the chemicals business overall accounts for roughly 40–44%. In addition, SCC has set up a special-price home repair program, is supporting lower-priced construction materials, and is delivering assistance to communities around its plants to ease the impact of flooding in many areas of Thailand.

Impact on assets 3

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Off-coverage companies 1

SCG Chemicals Public Company Limited (SCGC)i
Private▲ PositiveCapitalrelevance

SCGC's olefins business merger study with PTTGC has reached preliminary agreement on JV scope, with SCGC retaining a significant stake.