SCGC Acquisition and Expansion Strategy
Outlook:
Improving domestic economy and sentiment, decreasing coal, and increasing electricity cost pressure
Demand
Improving tourism sector from China-reopening should have visible positive impact on the Thai
economy in H2/23. Private investment in both residential (housing project) and commercial segments
is expected to gradually recover. Cement demand in 2023 is expected to be higher than in 2022.
Selling
Price
Persistent cost pressure will force all producers to continue implementing price increase. Against
rising demand backdrop, price increased momentum is expected to continue in 2023.
Cost
Increase in domestic electricity tariff (FT) will exert more pressure on all producers in 2023, while coal
cost is expected to gradually drop.
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