SCGP Kicks Off with a 5% Jump at the Opening Bell at ฿37
SCGP Kicks Off with a 5% Jump at the Opening Bell at ฿37.00/Share.
SCG Packaging Public Company Limited (SCGP) kicked off its first trading day with an increase of ฿2.00/share or 5.7% to ฿37.00/share.
SCGP is a holding company with core businesses focusing on integrated packaging chain, and fibrous chain. The company’s total packaging solution business generates over 80 percent of total revenue and can create 120,000 stock-keeping units (SKUs) of diverse products and services that respond to multitude of customer needs across all segments. According to the 2019 survey, the company was considered Southeast Asia’s largest containerboard and corrugated container producer with 36 percent of market share, way ahead of its closest competitor’s market share at 12 percent. The company is recognized as the region’s largest packaging paper manufacturer with an annual production capacity of 4 million tons. SCGP has 40 production plants across business lines in 5 ASEAN countries: Thailand, Vietnam, Indonesia, the Philippines and Malaysia.
The company has a market capitalization at its initial public offering (IPO) of THB 148.87 billion (approx. USD 4.76 billion).
