TTCL expects lucrative trade of 4.25 baht apiece

Mr. Suvit Manomaiyanon, Director and General Manager for Sales Department of Toyo-Thai Corporation Public Company Limited, expressed confidence that TTCL would trade beyond 4.25 baht per share on the opening of its first day offering to the public on Stock Exchange of Thailand (SET).

Mr. Suvit reasoned his company had strong capital base and is a leader in construction industry. He said his company had built many large-scale factories for wealthy companies in Thailand. He said TTCL ran the business with lower production costs, compared to its competitors.

According to Mr. Suvit, TTCL also has strong financial base with four billion baht in cash in its liquidity and without loans from commercial banks. In terms of Thai stocks today, Stock Exchange of Thailand (SET) composite index drastically plummeted or down two percent. SET Index is expected to rebound this morning as well.