SCC Jumps 6% on PTTGC Joint Venture Plan and Vietnam LSP Progress

Kaohoon··THVN·Read original
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Summary · why it matters

SCC shares rose 5.60% to 264.00 baht on October 7, 2026, buoyed by positive views on the SCG group's business restructuring and progress on a plan to establish a joint venture with PTTGC, as well as the Long Son Petrochemicals project, or LSP, in Vietnam. CLSA said the combination of large asset bases with PTTGC would create synergies on several fronts, including greater flexibility in raw material management, improved olefins production efficiency, and expansion into downstream businesses. It expects this to significantly boost cash flow back to the parent company by 2028. Meanwhile, the switch to ethane feedstock at the LSP project is nearly 70% complete and is likely to finish ahead of the original schedule. CLSA maintained its OUTPERFORM rating with a target price of 280 baht per share.

Impact on assets 3

Climate Adaptation & Water▲
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Off-coverage companies 1

Long Son Petrochemicals Co., Ltd.i
Private▲ PositiveSupplyrelevance

The LSP project's switch to ethane feedstock is nearly 70% complete and likely to finish ahead of schedule, improving raw material supply economics.