# The Stock Exchange of Thailand welcomes Petch Sriwichai Enterprise PCL (PCE) to start trading on 12 September

- Link: https://www.thailand-business-news.com/set/161916-the-stock-exchange-of-thailand-welcomes-petch-sriwichai-enterprise-pcl-pce-to-start-trading-on-12-september
- Published: 2024-09-12T09:53:37+07:00
- Author: SET News

Petch Srivichai Enterprise PCL, a leader in the integrated palm oil industry with
a supply chain management system, is ready to be traded on the Stock Exchange of
Thailand on September 12th with a market capitalization at the IPO price of 6,270
million baht, using the abbreviation “PCE” for trading securities.

Mr. Amnuay Chiramahaphoka, Assistant Manager, Issuer Group 1, Stock Exchange of 
Thailand, revealed that the Stock Exchange of Thailand welcomes Petch Sriwichai 
Enterprise PCL to list and start trading on the Stock Exchange of Thailand in the
Agriculture and Food Industry Group, Agriculture Business Category, using the abbreviation“
PCE” on September 12, 2024. PCE operates its business by holding shares in other
companies (Holding Company) in the integrated palm oil industry business, divided
into

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 1) Palm Oil Production and Distribution Business Group, Biodiesel, and Palm Oil
Olein for Consumption, including the purchase and resale of palm oil and related
products to customers in Thailand and abroad,

2) Warehouse and Pier Service Business Group,

3) Truck Freight Service Business Group, and

4) Ship Freight Service Business Group.

PCE has a paid-up registered capital after the IPO of 2,750 million baht, with a
par value of 1 baht per share. It offers 750 million common shares to the public
for the first time, offering them to the directors, executives, and employees of
the Company and its subsidiaries, and benefactors of the Company and its subsidiaries.

And institutional investors and individuals at the discretion of the underwriter,
between August 30 and September 2-6, 2024 at a price of THB 2.28 per share, totaling
THB 1,710 million, and a securities value at the IPO price of THB 6,270 million.

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The IPO offering price is equivalent to a price-to-earnings ratio (PE ratio) of 
18.94 times, calculated from net profit in the past 4 quarters from July 1, 2023
to June 30, 2024, which was THB 331.22 million, divided by the number of ordinary
shares after the offering, equivalent to net profit per share of THB 0.12 per share,
with Asset Pro Management Co., Ltd. as financial advisor, Maybank Securities (Thailand)
Public Company Limited, and Yuanta Securities (Thailand) Co., Ltd. as underwriters
and underwriters for the distribution of ordinary shares.

**Source** : [The Stock Exchange of Thailand welcomes Petch Sriwichai Enterprise
PCL (PCE) to start trading on 12 September.