Darren Sissons
Siam Cement
SCVPF-OTC
PAST TOP PICK
Dec 11, 2019
(A Top Pick Feb 22/19, Down 21%) They make products that are priced to oil. It is in the third year of a down turn cycle. They are in the process of spinning out their packing division, which should represent about $1 billion of capital. The Thai royal family owns 30%. They just finished expansion of their Vietnamese plant. This should become cash positive.
It has a chemicals business which has under performed since 2016, but it is now recovering. The cement business is also beginning to recovery with projects all across Asia. It trades on the Thailand OTC market. The Thai royal family owns a large portion of the company. Yield 3.8% (Analysts’ price target is $498.44)