SELIC : SELIC CORP PUBLIC COMPANY LIMITED
3M/2022 (Jan - Mar 2022)
Business Overview
SELIC and its subsidiary have engaged in manufacturer, distributor and also including research and development of industrial adhesives products (Specialty and High Performance Adhesive) for domestic and international customers.
Business Highlight
  • Incubation Center Project at the Thailand Science Park, through a project with the Thailand Board of Investment.
  • Invested in the company, Meticuly Company Ltd., which manufactures and services strong and high-precision bone implants designed for individual patient
Revenue Structure
Industrial Adhesives 42% Stickers or Self-adhesive labels 58%
Stock Information
mai / INDUS
Closing price SELIC mai index 4.00 2.50 1.00 708.00 597.33 486.67 376.00 1-4-21 7-7-21 5-10-21 5-1-22 31-3-22
as of 31/03/22 SELIC INDUS mai
P/E (X) 16.18 34.68 59.24
P/BV (X) 1.97 2.21 3.67
Dividend yield (%) 0.19 2.18 1.18
31/03/22 31/12/21 31/12/20
Market Cap (MB) 1,319.03 1,465.59 660.00
Price (B/Share) 2.88 3.20 2.00
P/E (X) 16.18 15.75 8.25
P/BV (X) 1.97 2.23 1.32
CG Report:
Performance and Analysis 3M/2022
3M22 3M21 2021 2020
Income Statement (MB)
Revenues 389.71 361.71 1,466.03 1,257.89
Expenses 369.58 318.42 1,340.43 1,119.27
Net Profit (Loss) 11.72 30.05 81.53 89.31
Balance Sheet (MB)
Assets 1,740.55 1,667.07 1,756.92 1,618.55
Liabilities 1,058.94 1,115.21 1,088.83 1,096.93
Shareholders' Equity 681.61 551.85 668.08 521.61
Cash Flow (MB)
Operating 64.01 48.24 105.50 207.91
Investing -4.97 -2.88 -100.20 -11.51
Financing -40.30 -40.50 -58.89 -161.73
Financial Ratio
EPS (Baht) 0.03 0.09 0.18 0.27
GP Margin (%) 21.06 27.47 24.20 25.46
NP Margin (%) 3.01 8.31 5.56 7.10
D/E Ratio (x) 1.55 2.02 1.63 2.10
ROE (%) 10.25 19.23 13.71 18.72
ROA (%) 6.01 8.99 7.44 8.78
Business Performance Summary

https://classic.set.or.th/set/pdfnews.do?newsId=16527404180480&sequence=2022063141

Key Milestones
  • 2021: Changed the shareholding and management structure of PMC Label Materials Limited (PMCT) Thailand, by moving PMC Label Materials Pte Ltd, Singapore, under the shareholding and management of PMCT.
  • 2020: Opened a distribution center in Australia under the name, Selic Australia Pty Ltd., where SELIC has 100% shareholding of the company’s listed capital, and in Malaysia under the name, PMC Label Materials Sdn Bhd. (PMCM), where SELIC holds indirect shares through a PMCL subsidiary, in order to support the market expansion of SELIC and its subsidiary companies.
  • 2019: Acquired and received controlling authority of PMC Label Materials Limited (PMCT) Thailand and PMC Label Materials Pte Ltd, Singapore.
  • 2016: Became a publicly listed company and completed our IPO with a registered capital of 40 million baht.


Business Plan

Directions and operation plan in 2022

  • Growth Driver : Maintain sector targeting to grow, Expand market application through New Product Development (NPD) and Investment project pipelines through Merge and Acquisition (M&A), Joint Venture (JV)
  • Profitability Driver: Leverage R&D to build gross profit, Supply chain management to get cost avoidance, and Efficiency operation.
  • Sustainability Development: Sustainable materials for customer’s supply chain, Green product NPD through innovation, Energy and waste management.


Sustainable Development Plan


Risk Management Policy

The company recognizes the importance of sustainable risk management, as this ensures that the company is able to meet our objectives and targets, build trust among stakeholders, and minimize any potential future losses. The company has established a risk management policy that focuses on managing risks across all business activities, and strives to embed risk management as part of our organizational culture. The company regularly reviews risks related to all aspects of business operations, and analyzes internal and external risk factors that could impact the business. Through this approach, the company is able to respond to any risks that might occur and identify approaches to manage and minimize all categories of risk, to ensure that such risks fall within manageable and acceptable levels. 

Recent Awards and Recognitions
  • Annual Role Model Award and Annual National Responsibility Award 2021 from the Foundation for Thai Society
  • Honorary Sustainability Award 2021 for Sustainability Disclosures in the category, Sustainability Performance Disclosure Recognition
  • Asia Responsible Enterprise Awards (AREA) Award 2021 for Green Leadership
  • Selected for inclusion in the Thailand Sustainability Investment List (THSI) 2021
  • Rising Star Sustainability Awards from the SET Award 2021 in the Sustainability Excellence category


Major Shareholders
as of 14/03/2022
นาย ณรงค์ สุวัฒนพิมพ์ (27.83%)
นาย เอก สุวัฒนพิมพ์ (20.03%)
บริษัท SAHA PATHANA INTER-HOLDING PUBLIC COMPANY LIMITED (10.91%)
นาย จิรวุฒิ คุวานันท์ (3.97%)
นาย BOPIT PATTARARUNGRONG (3.37%)
Others (33.89%)
Company Information and Contact
http://seliccorp.com/
investorRelation@seliccorp.com
0-2807-3347-9
270 Liapkhlongphasicharoenfangtai Road, Nongkhaem Bangkok 10160
Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel.