SCC rises 2.70% after ROC restarts olefins plant on 17 September 2026

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SCC shares rose 2.70%, or 7.00 baht, to 266.00 baht at 10:10 a.m., with trading value of 308.35 million baht, from an opening price of 262.00 baht, a high of 266.00 baht and a low of 261.00 baht, after Rayong Olefins Company Limited, or ROC, resumed production at its olefins plant from 17 September 2026 following the lifting of force majeure. Krungsri Securities views the production restart as positive, reflecting a profitable production outlook despite volatile feedstock prices and an uncertain supply chain from the Middle East war, and it may also signal that the study of a JV in the olefins business with PTT Global Chemical, or PTTGC, may have options that do not require cutting production capacity, in order to capture benefits during the recovering petrochemical margin cycle. Krungsri maintained its buy recommendation on SCC with a 2027 target price of 315 baht per share, and it is one of its top picks, with normal profit for 2026-2028 expected to grow at a 110% CAGR, benefiting notably from the petrochemical industry's recovery cycle, with greater cost competitiveness after the ethane project starts COD in the second half of 2027, and as the only player in the petrochemical group expanding production capacity, with sales volume expected to grow an average of 10% in 2026-2028.

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Off-coverage companies 1

Rayong Olefins Co., Ltd.Private▲ Positive
Supplyrelevance

Rayong Olefins resumed production at its olefins plant from 17 September 2026 following the lifting of force majeure.

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