22 mar 2016 - asiawealth.co.th · sccc’s net profit this year would grow 7% yoy to bt4.9bn and 8%...

Daily Market Outlook 22 Mar 2016

1

Please see disclaimer on last page

Renewed oil hope Expect the SET to trade higher today led by energy counters

as oil rose after OPEC and non-OPEC groups set to meet on 17 Apr to discuss output freeze. However, market gains may

be limited by hawkish comments from two Fed officials just a

few days after Janet Yellen’s market friendly move last week.

Most local factors today are positive. They are new tax

incentives for Songkran to be contemplated by the Cabinet

today and ten fast-tracked infrastructure projects to get off the

ground under the current government.

Pick of the day: SCCC (Bt313.00; NR; Bloomberg TP

Bt332.29) Siam City Cement PCL is our pick of the day as one of the

major beneficiaries of the government's long-overdue mega

infrastructure projects and for its appealing dividends.

Domestic cement consumption has shown signs of recovery

since last December with a significant increase in cement

sales going into January this year. We believe this trend will

continue and accelerate even further from 2H16 onward.

SCCC’s export markets, particularly in CLMV countries, are

also on bright paths as their public and private infrastructure

still lag behind other ASEAN countries and there is an

upcoming construction cycle in these rapidly growing

economies. According to Bloomberg’s earnings consensus,

SCCC’s net profit this year would grow 7% YoY to Bt4.9bn and

8% YoY to Bt5.3bn in 2017. The company's valuation is still

behind its historical norm, trading at a prospective 2016PER of

14.8x, below the 5-year historical average of 20.0x. The share

also offers an attractive dividend yield of 5.0% p.a. Despite

some pressure from weekly and monthly sell signals, SCCC’s

price pattern indicates short-term strength with a daily buy

signal. Medium-term strength from a weekly buy signal will likely

occur if the share can close above Bt319 by the end of the week.

The share should continue to adjust up to test our first target at

Bt325 before moving to test a primary target at Bt358. There is

a stop loss at Bt305. (Resistance: 314.00, 315.00, 317.00;

Support: 312.00, 311.00, 309.00)

Local issue Proposal of tax incentive scheme for Songkran.

Stimulus measures to spur domestic spending during

Songkran will include a tax deduction of up to Bt15,000 for

dining and travel expenses during 9-17 Apr and a Bt1,000

cash handout to low- and middle-ranking state officials and

low-income earners, said Finance Minister Apisak

Tantivorawong. The incentive packages will be proposed

for the cabinet’s approval today. (Bangkok Post)

Ten infrastructure projects must begin under current

government. Transport Minister Arkhom

Termpittayapaisith yesterday said 10 delayed mass-transit

projects must commence while the current military-led

government is in power. The confidence comes from a

faster consideration process, in which the state agency

does not need to wait for the completion of the projects’

EIA review. (The Nation)

Major Indices Close Chg %Chg

SET 1,393.63 +10.7 +0.8

SET50 898.86 +10.0 +1.1

SET P/E (x) 20.4

SET P/BV (x) 1.8

SET Div. Yield (%) 3.3

Dow Jones 17,623.87 +21.6 +0.1

S&P 500 2,051.60 +2.0 +0.1

NASDAQ 4,808.87 +13.2 +0.3

UK 6,184.58 -5.1 -0.1

Germany 9,948.64 -2.2 -0.0

France 4,427.80 -34.7 -0.8

Japan 16,724.81 -211.6 -1.2

South Korea 1,989.76 -2.4 -0.1

Hong Kong 20,684.15 +12.5 +0.1

China 3,020.12 +65.0 +2.2

Taiwan 8,812.70 +2.0 +0.0

Singapore 2,880.69 -26.1 -0.9

Malaysia 1,718.36 +2.0 +0.1

Indonesia 4,885.16 -0.5 -0.0

Philippines 7,376.41 +69.7 +1.0

Trading Summary Buy Sell Net

Institution 9,870 9,257 613

Proprietary 4,749 4,134 615

Foreign 17,825 17,924 -99

Individuals 20,537 21,666 -1,129

Total Trading Value 52,981 Btmn

Most Active Value Value Close %Chg

ADVANC 3,285 177.00 5.0 JAS 3,229 3.68 7.0 DTAC 2,530 42.25 9.7 PTTEP 2,000 68.75 -4.2 TASCO 1,251 25.00 1.6

Commodity Futures Close Chg %Chg

US Crude 39.91 +0.5 +1.2

Brent Crude 41.54 +0.3 +0.8

Gold 1,244.20 -10.1 -0.8

FX Rates Close Chg %Chg

USD/THB 34.91 +0.0 +0.0

EUR/USD 1.12 -0.0 -0.2

USD/JPY 111.93 +0.4 +0.3

USD/CNY 6.48 +0.0 +0.2

Source: Bisnews, Bloomberg

Technical picks (support & resistance)

EGCO (S: 170.00, R: 182.50); BDMS (S: 22.10, R: 23.30); ANAN (S: 3.18, R: 3.58); SET (S: 1,376, R: 1,411)

Thailand Research Department

Mr. Warut Siwasariyanon (No.17923) Tel: 02 680 5041

Mr. Krit Suwanpibul (No.17968) Tel: 02 680 5090

Mr. Narudon Rusme, CFA (No.29737) Tel: 02 680 5056

Mr. Napat Siworapongpun (No.49234) Tel: 02 680 5094

Ms. Sukanya Leelarwerachai (No.68790) Tel: 02 680 5331


2


Commerce Ministry maintains 5% export growth forecast this year. To

achieve that, the state will keep focusing on enhancement of Thai exporters’

competitiveness as well as product development. Further, the service sector

will be given more promotion because of its high rate of expansion. Also, the

ministry will lead Thai business operators to penetrate into foreign markets,

especially CLMV countries as well as other places such as Iran, Africa, Central

America, China, and India. (The Nation)

JAS (Bt3.68) defaulted on the 4G licence payment of Bt75.65bn yesterday.

JAS’ CEO was not available for comment on Monday. The regulator will set up

a special working panel and call an urgent meeting Wednesday to discuss

penalties for JAS and plans for a new auction round and inform the prime

minister thereafter. The regulator could now confiscate the guarantee JAS had

placed before the auction worth Bt645mn and JAS may have to pay Bt160mn

in compensation for auction operating expenses. The regulator may review

existing fixed broadband and digital TV operating licences of JAS’

conglomerate. (Reuters) Comment: The fallout of this default should make

the share price volatile in the short-term since it positively does not have

to enter the market which is already highly competitive and JAS will come

back to its existing fixed broadband business (FBB) with better returns

but the penalties should negatively affect the share price. In the long-term,

it should also be negative since JAS will likely lose significant market

share to mobile broadband operators. Other telcos (ADVANC, DTAC and

TRUE) should benefit from this news as there is no newcomer to raise

competition.

Global issues Producers from OPEC and non-members are due to meet on 17 Apr in

Qatar to discuss the output freeze. However, Iran is still seeking to increase

exports, following the lifting of Western sanctions in January. (Reuters)

The dollar edged up on Monday, bouncing back from a more than 1% loss

against major currencies last week as investors shook off dovish statements

from the Fed. The dollar index rose 0.15% to 95.200 after falling for a third

straight week. (Reuters)

US Treasury yields rose on Monday after two Fed officials gave bullish

projections on inflation and as investors prepared for new corporate debt sales.

Benchmark 10-year notes were last down 13/32 in price to yield 1.92%, up from

1.87% on Friday. The 10-year note's yields have fallen from a 1-1/2-month high

of 2.00% on Wednesday. (Reuters)

USA Wall Street shares ended slightly higher on Monday as a market-friendly

move by the US Federal Reserve last week countered concerns on market

valuation after a five-week rally. (Reuters)

US existing home sales fell sharply in February in a potentially troubling sign

for America's economy which has otherwise looked resilient to the global

economic slowdown. The National Association of Realtors said existing home

sales dropped 7.1% to an annual rate of 5.08mn units, the lowest level since

November. Economists had forecast home resales decreasing 2.8% to a pace

of 5.32mn units last month. Sales were up 2.2% YoY. (Reuters)

Europe European shares closed lower on Monday led by weaker commodity stocks.

(Reuters)

Euro zone consumer confidence fell in March and defied market

expectations of an improvement, a flash estimate by the EC showed on Monday.

The Commission said consumer confidence in the 19 countries sharing the euro


3


fell 0.9 points to -9.7 in March against February and was 0.7 points lower at -

7.3 in the wider, 28-nation European Union. (Reuters)

Asia Japan's government will consider front-loading some public works

spending earmarked for the fiscal year beginning in April to support an

economy skirting recession. The government's budget for the coming financial

year, sized at a record ¥96.7tn (US$867bn), is set to pass both houses of

parliament by the end of March. Once the budget is approved by parliament,

Abe will tell his cabinet ministers to front-load about ¥10tn in public works

projects set for the 2016/17 year. (Reuters)

China delists company for first time: The Shanghai Stock Exchange said on

Monday that it had for the first time de-listed a company for violating disclosure

rules. The exchange said that Zhuhai Boyuan Investment (600656.SS) had

broken the rules on important matters of information disclosure. (Reuters)

Commodities Oil prices rose about 1% on Monday as the OPEC and non-OPEC meeting

has been set for 17 Apr and data showed crude inventories at the Cushing,

Oklahoma delivery hub for US futures fell for the first time since January. Brent

crude futures for May delivery, the front-month, settled up 34 cents (+0.8%) at

US$41.54 a barrel. The US crude futures for May contract finished up 38 cents

at US$41.52. Crude stockpiles in Cushing fell 570,574 barrels to 69.05mn in

the week to March 18. (Reuters)

Gold fell on Monday, extending losses for a third day as the dollar arrested

three weeks of falls, but the metal was underpinned by expectations that the

ultra-low interest rate environment will persist. Spot gold was down 0.7% at

US$1,246.32 an ounce. US gold futures for April delivery were down US$7.20

an ounce at US$1,247.10. (Reuters)


4


Date Regions

21-Mar-16 US

22-Mar-16 EU

22-Mar-16 EU

22-Mar-16 US

23-Mar-16 US

24-Mar-16 EU

24-Mar-16 US

24-Mar-16 JPY

25-Mar-16 US

25-Mar-16 US

Economic Indicators

Chicago Fed National Activity Index (Feb)

Durable Goods Orders (Feb)

National Consumer Price Index (YoY) (Feb)

New Home Sales (MoM) (Feb)

Markit PMI Composite (Mar)

Markit Manufacturing PMI (Mar)

Markit Manufacturing PMI (Mar)

Core Personal Consumption Expenditures (QoQ) (Q4)

Targeted LTRO

Gross Domestic Product Price Index (Q4)

Mon Tue Wed Thu Fri

1 2 3 4

XD

BAFS

BROCK

DAII

DCC

DELTA

FSS

IFS

MBKET

SAT

SPVI

TAE

TASCO

TCC

UNIQ

XD

BCP

PLANB

RATCH

TK

TMT

YUASA

XD

AMATAR

FPI

OGC

PTT

TNP

XD

ERW

GOLDPF

KPNPF

MJLF

MTI

NKI

ROBINS

THANI

TMI

TREIT

7 8 9 10 11

XD

ASK

CFRESH

CSC

CSC-P

GFPT

HANA

QLT

SPALI

THREL

TKN

TKT

TNDT

TU

XD

ASP

AYUD

BA

CBG

GLAND

GOLD

INOX

IT

JCT

K

KBS

KKC

KSL

MAKRO

MSC

NSI

ORI

PTG

RS

SGP

TNITY

TTW

UTP

WORK

XD

AGE

ASIMAR

AUCT

BKI

DRT

MEGA

NYT

PS

SCP

SMK

SUSCO

TCCC

TIP

TWP

UV

XD

2S

APURE

BH

BH-P

BR

CM

CMR

DTC

DTCI

EGCO

KCAR

MCOT

NCH

OISHI

PRIN

PSTC

SPACK

SPCG

SVH

SVOA

TCMC

TMD

UEC

XD

JCP

LANNA

LUXF

SINGER

SPG

SUTHA

TPP

UVAN

WINNER

14 15 16 17 18

XD

CWT

M-II

PDG

PRANDA

PRG

SCI

SR

TAKUNI

TMILL

XD

BAT-3K

BFIT

CPI

CPL

GLOBAL

LALIN

MACO

MBK

PATO

PYLON

SIRI

SKR

XD

OTO

SAMART

SAMTEL

XD

ABPIF

CCET

HTC

SNP

SSTPF

WHAPF

XD

AH

CKP

TPIPL

21 22 23 24 25

XD

CNS

RAM

STPI

VIH

XD

EA

EARTH

LOXLEY

M-CHAI

TTI

TVO

VNG

XD

KIAT

STEC

XD

DCON

WG

WIIK

XD

BUI

CTW

KCE

UP

UPF

28 29 30 31

XD

GBX

NTV

PMTA

SUC

SYNEX

TKS

TTA

UMI

ZMICO

XD

BDMS

CGH

IFEC

LEE

TIC

TIC-P

XD

SF

TBSP

XD

ADVANC

CSL

IRCP

Q-CON

RCL

TGCI

Mar-16

5


CG Rating

Score Range Number of Logo Description

90 – 100

80 – 89

70 – 79

60 – 69

50 – 59

Below 50

No logo given

Excellent

Very Good

Good

Satisfactory

Pass

N/A

Corporate Governance Report of Thai Listed Companies (CGR). CG Rating by the Thai Institute of Directors Association (IOD) in 2015.

Corporate Governance Report disclaimer

The disclosure of the survey result of the Thai Institute of Directors

Association (“IOD”) regarding corporate governance is made pursuant

to the policy of the Office of the Securities and Exchange Commission.

The survey of the IOD is based on the information of a company listed

on the Stock Exchange of Thailand and the Market for Alternative

Investment disclosed to the public and able to be accessed by a

general public investor. The result, therefore, is from the perspective of

a third party. It is not an evaluation of operation and is not based on

inside information.

The survey result is as of the date appearing in the Corporate

Governance Report of Thai Listed Companies. As a result, the survey

result may be changed after that date, Asia wealth Securities Company

Limited does not conform nor certify the accuracy of such survey result.

ADVANC BAFS BCP BIGC BTS CK CPN DRT DTAC DTC EASTW EGCO GRAMMYHANA HMPRO INTUCH IRPC IVL KBANK KCE KKP KTB LHBANK LPN MCOT MINTMONO NKI PHOL PPS PS PSL PTT PTTEP PTTGC QTC RATCH ROBINS SAMARTSAMTEL SAT SC SCB SCC SE-ED SIM SNC SPALI THCOM TISCO TKT TMBTOP VGI WACOAL

AAV ACAP AGE AHC AKP AMATA ANAN AOT APCS ARIP BMCL BOL BROOKBWG CENTEL CFRESH CHO CIMBT CM CNT COL CPF CPI CSL DCC DELTADEMCO ECF EE ERW GBX GC GFPT GLOBAL GUNKUL HEMRAJ HOTPOT HYDRO ICCICHI INET IRC KSL KTC LANNA LH LOXLEY LRH MACO MBK MC MEGAMFEC NBC NCH NINE NSI NTV OCC OGC OISHI OTO PAP PDI PEPG PJW PM PPP PR PRANDA PREB PT PTG Q-CON QH RS S&JSABINA SAMCO SCG SEAFCO SFP SIAM SINGER SIS SITHAI SMK SMPC SMT SNPSPI SSF SSI SSSC SST STA STEC SVI SWC SYMC SYNTEC TASCO TBSPTCAP TF TGCI THAI THANA THANI THIP THRE THREL TICON TIP TIPCO TKTKS TMI TMILL TMT TNDT TNITY TNL TOG TPC TPCORP TRC TRU TRUETSC TSTE TSTH TTA TTCL TTW TU TVD TVO TWPC UAC UT UVVNT WAVE WINNER YUASA ZMICOVNT WAVE WINNER YUASA ZMICO

2S AEC AEONTS AF AH AIRA AIT AJ AKR AMANAH AMARIN AP APCOAQUA AS ASIA AUCT AYUD BA BEAUTY BEC BFIT BH BIG BJC BJCHIBKD BTNC CBG CGD CHG CHOW CI CITY CKP CNS CPALL CPL CSCCSP CSS CTW DNA EARTH EASON ECL EFORL ESSO FE FIRE FOCUS FORTHFPI FSMART FSS FVC GCAP GENCO GL GLAND GLOW GOLD GYT HTC HTECHIEC IFEC IFS IHL IRCP ITD JSP JTS JUBILE KASET KBS KCAR KGIKKC KTIS KWC KYE L&E LALIN LHK LIT LIVE LST M MAJOR MAKROMATCH MATI MBKET M-CHAI MFC MILL MJD MK MODERN MOONG MPG MSC MTIMTLS NC NOK NUSA NWR NYT OCEAN PACE PATO PB PCA PCSGH PDGPF PICO PL PLANB PLAT PPM PRG PRIN PSTC PTL PYLON QLT RCIRCL RICHY RML RPC S SALEE SAPPE SAWAD SCCC SCN SCP SEAOIL SIRISKR SMG SOLAR SORKON SPA SPC SPCG SPPT SPVI SRICHA SSC STANLY STPISUC SUSCO SUTHA SYNEX TAE TAKUNI TCC TCCC TCJ TEAM TFD TFI TICTIW TLUXE TMC TMD TOPP TPCH TPIPL TRT TSE TSR UMI UP UPFUPOIC UREKA UWC VIBHA VIH VPO WHA WIN XO

Source: Thai Institute of Directors (IOD)

6


CG Rating

ขอมล Anti-Corruption Progress Indicator ของบรษทจดทะเบยน

ระดบ 1ACD AEONTS AFC AIRA AJ ALUCON AMC AQUA ARIP AUCT BAT-3K BIG BJCBLISS BMCL BOL BRR BSBM CBG CCET CCN CGD CMR CPH CSC CSPCTW DCON DRACO DSGT DTCI E EMC ESSO FOCUS FSMART GIFT GLANDGRAND GUNKUL HFT HTECH IHL ILINK ITD JSP KDH KTIS KTP LEE LSTMAJOR MATCH MAX M-CHAI MDX MIDA ML MPIC NC NEP NNCL NWR OHTLPICO PK PL PPM PRAKIT PRECHA PRIN PSTC PYLON RAM RICH RS SANKOSAUCE SAWAD SAWANG SCN SEAFCO SF SHANG SIRI SMART SMM SOLAR SPACK SPGSPPT SPVI STA STAR SVH SVOA SWC TAPAC TC TCCC TCJ TCOAT THTKS TNH TNPC TPA TPAC TPOLY TRC TRUBB TSE TTA TTI TTL TTTMTWP TWZ U UMS UPA UPOIC UTP UVAN VARO VI VIBHA VIH VTEWG

ระดบ 22S ABICO AF AKP AMARIN AMATA AOT APCO AYUD BEAUTY BFIT BH BKDBLAND BTNC CCP CI CSR CSS EFORL EPCO FE FNS FVC GEL GLOBALHEMRAJ IEC IFS INET JUTHA KASET KCAR KKC KSL L&E LALIN LTX MMALEE MBK MBKET MEGA MK MPG MTLS NCH NCL NPP OCC OCEAN PBPCA PRINC QH ROCK RPC S&J SGP SIAM SIS SKR SMG SMIT SORKONSUSCO TAKUNI TEAM TF TIC TIP TIPCO TMC TMI TPP TRT TRU TRUETSC TSI TTW TVD TVO UKEM UNIQ UWC VNG WIIK WIN XO

ระดบ 3AABC ACAP ADVANC AEC AGE AH AIE AMANAH ANAN AP APCS APURE ASASIA ASIAN ASIMAR BIGC BROOK BTS BWG CEN CENTEL CFRESH CHARAN CHO CHOTICM CNT COL CPALL CPF CPI CPL DELTA DEMCO DIMET DNA DTAC EAECF EE EVER FPI GBX GC GFPT GLOW HMPRO HOTPOT ICC ICHI IFECINOX INSURE IRC JAS JTS JUBILE KC KTC KYE LHK LPN LRH MAKROMC MCOT MFC MFEC MINT MJD MONO MOONG NBC NDR NINE NMG NSINTV OGC PACE PCSGH PDI PG PHOL PLAT PPS PR PRANDA PREB PSQLT RATCH RML ROBINS ROJNA RWI SAMCO SCCC SCG SEAOIL SE-ED SENA SINGERSITHAI SMK SMPC SPALI SPC SPCG SPI SRICHA SSI STANLY SUPER SVI SYMCSYNEX SYNTEC TASCO TCMC TFI THAI THRE THREL TICON TKT TLUXE TNL TPCORPTMILL TMT TSTE TSTH TTCL TU TVI UOBKH UREKA VGI VNT WACOAL WHAZMICO

ระดบ 3BAAV AHC AI AIT AKR ARROW ASK BA BDMS BEC BECL BJCHI BUICGH CHG CHOW CIG CITY CK CKP COLOR CWT EARTH EASON EPG F&DFANCY FIRE FMT FORTH GENCO GL GOLD GPSC GRAMMY HYDRO IRCP IT JCTKCM KWC LH LIT LOXLEY MACO MANRIN MATI MODERN MSC NOBLE NOK NPKNUSA OISHI OTO PAF PAP PATO PF PJW PLANB PLE POLAR PRG PTLQ-CON QTC RCI S11 SALEE SAM SAMART SAMTEL SAPPE SC SCP SFP SIMSLP SMT SPA SPORT SSC SST STEC STPI SUC SUTHA T TAE TBSPTCC TFD TGCI TGPRO THANA THIP TIW TK TMW TNDT TOPP TPC TPCHTPIPL TSR TT TYCN UAC UBIS UEC UMI UP UPF UT UV VPOWAVE WINNER YUASA

ระดบ 4ASP BAFS BANPU BAY BBL BKI BLA CIMBT CNS CSL DCC DRT DTCEASTW ECL EGCO ERW FSS GCAP HANA HTC INTUCH IRPC IVL KBANK KCEKGI KKP KTB LANNA LHBANK MTI NKI PSL PTG PTTEP SABINA SCB SNCSNP SSF SSSC TCAP THCOM TISCO TIMB TMD TNITY TOG

ระดบ 5BCP CPN GYT PE PM PPP PT PTT PTTGC SAT SCC THANI TOP

ไมเปดเผยหรอไมมนโยบายA ACC AJD AQ BCH BGT BROCK BSM BTC CHUO CPR CRANE EICFER JMART JMT KAMART KBS KIAT LDC MBAX MCS METCO NEW NEWS NYTPAE PDG PERM PMTA POST RCL RICHY ROH S SIMAT TCB TR TSFTVT WORKหมายเหตระดบ 1 : มนโยบายระดบ 2 : ประกาศเจตนารมณระดบ 3 : มมาตรการปองกน ซงทง 2 กรณ ถอเปนผลการประเมนในระดบเดยวกน

3A : บรษทมการประกาศเจตนารมณเขารวมโครงการ CAC หรอภาค3B : บรษทมค ามน และนโยบายของบรษท แตมไดประกาศเจตนารมณเขารวมโครงการ CAC หรอภาค

ระดบ 4 : ไดรบการรบรองระดบ 5 : ขยายผลสผท เกยวของ

7


Contact

Branch Address Phone Fax

Head Office 540 Floor 7,14,17 , Mercury Tower, Ploenchit Road, Lumphini,

Pathumwan Bangkok 10330

02-680-5000 02-680-5111

Silom 191 Silom Complex Building,21st Floor Room 2,3-1 Silom Rd.,

Silom, Bangrak, Bangkok, 10500 Thailand

02-630-3500 02-630-3530-1

Asok 159 Sermmitr Tower, 17th FL. Room No.1703, Sukhumvit 21

Road, Klong Toey Nua, Wattana, Bangkok 10110

02-261-1314-21 02-261-1328

Pinklao

7/3 Central Plaza Pinklao Office Building Tower B, 16th Flr.,

Room No.1605-1606 Baromrajachonnanee Road, Arunamarin,

Bangkoknoi, Bangkok 10700

02-884-7333 02-884-7357,

02-884-7367

Chaengwattana

99/99 Moo 2 Central Plaza Chaengwattana Office Tower, 22nd

Flr., Room 2204 Chaengwattana Road, Bang Talad, Pakkred,

Nonthaburi 11120

02-119-2300 02-8353006

Chaengwattana 2

9/99 Moo 2 Central Plaza Chaengwattana Office Tower, 22nd Flr.,

Room 2203 Chaengwattana Road, Bang Talad, Pakkred,

Nonthaburi 11120

02-119-2388 02-119-2399

Mega Bangna 39 Moo6 Megabangna, 1st Flr., Room 1632/7 Bangna-Trad

Road, Bangkaew Bangplee, Samutprakarn 10540

02-106-7345 02-105-2070

Rayong 356/18 Sukhumvit Road, Nuen-Phra Sub District, Muang

District, Rayong Province 21000

038-808200 038-807200

Khonkaen 26/9 Srijanmai Road, Tamboonnaimuang, Khon Khaen

40000

043-334-700 043-334-799

Chonburi 55/22 Moo 1, Samed Sub District, Muang District, Chonburi

20000

038-053-858 038-784-090

Chaseongsao 233-233/2 Moo2 1st Flr., Sukprayoon Road, Na Meung Sub-

District, Meung District, Chachoengsao 24000

038-981-587 038-981-591

22 mar 2016 - asiawealth.co.th · sccc’s net profit this year would grow 7% yoy to bt4.9bn and 8%...

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