SCC Shares Surge 6% on PTTGC Joint Venture Deal, Expected to Conclude in October

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Summary · why it matters

SCC shares, or Siam Cement Public Company Limited, closed the morning session at 265.00 baht, up 15.00 baht, or 6.00%, driven by progress on a joint venture deal with PTTGC in the olefins and polyolefins business. Management said the feasibility study is well advanced and a conclusion is expected within October. Meanwhile, CLSA research raised its weighting and maintained an Outperform rating with a target price of 280 baht, about 12% above the previous reference price. The Ethane Feedstock improvement project at the Long Son Petrochemicals complex, or LSP, in Vietnam is nearly 70% complete and is likely to finish about one quarter ahead of schedule. CLSA estimates that once fully operational it could generate profits of as much as 250 to 300 million dollars per year. The market is also responding to net profit forecasts for 2026, expected to jump to around 23.238 billion baht from 14.075 billion baht in 2025, with continued expansion to 25.220 billion baht and 28.047 billion baht in 2027 and 2028 respectively, with the joint venture deal and the LSP project as key drivers to reduce debt and strengthen financial position.

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Long Son Petrochemicals Co., Ltd.i
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Its Ethane Feedstock improvement project is nearly 70% complete and expected to finish about a quarter ahead of schedule.