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BANGKOK, May 28, 2013 - (ACN Newswire) - VGI Global Media Public Company Limited (VGI), the leading lifestyle media provider listed on the Stock Exchange of Thailand (SET), is taking a giant step forward to become a world-class player as it will be incorporated into the MSCI Global Small Cap Indices starting on June 1 this year.
Commenting on this important milestone, VGI chief executive officer, Mr. Marut Arthakaivalvatee, said it is the pride of all company executives and staffs that VGI is achieving this world-class status after being listed on the Thai stock market for less than 8 months. He thanked stock investors for their confidence in the Company by actively investing and trading in VGI stock, which has helped the Company to qualify for the MSCI inclusion.
"We are very pleased that VGI was selected by a world-class index like MSCI because VGI is a relative newcomer to the SET, having been listed for less than a year. To be eligible for inclusion in the Index, a stock must have high market value, sufficient liquidity and substantial daily trading volumes. Therefore, we are grateful to VGI investors for having confidence in us. From now on, our stock will become better known among foreign investors," Mr. Marut stated.
Given the favorable international profile and the Company's continuous robust growth, Mr. Marut expressed confidence that VGI is on course to achieve the 30% revenue growth target in the current financial year (April 2013 - March 2014).
Highlights of ongoing development projects include a 260 million baht investment budget to enlarge multimedia screens and reposition them to more strategic locations on key BTS SkyTrain stations. Once completed, they will be incorporated into new digital media packages designed to ensure a more effective reach to specific target groups.
Greater focus is also placed on the management of Modern Trade media at over 300 Tesco Lotus and Big C branches nationwide to ensure higher efficiency, while the Company recently signed media management contracts for another 12 office buildings, raising the total number of buildings under its management to 63.
VGI is now the sole agent for advertising media on the Airport Link and it is also responsible for selling advertisements on Outdoor LED screens at 10 busy traffic intersections in Bangkok. All the digital media networks on the BTS systems, Modern Trade, Office Building and Outdoor LED screens are centrally controlled from the Company headquarters.
"In the second quarter (July 1 - September 30), the Company will complete the installation of digital media on the new 35 single-car trains. Furthermore, the increase in efficiency of the Modern Trade media team and the expansion of the office building network will contribute to the Company's growth. All in all, we believe that the 30% target growth is achievable as planned," Mr. Marut said.
Contact:
Investor Relations Department
VGI Global Media Public Company Limited
Tel. +66 2273 8639, +66 2273 8623
E-mail: ir@vgi.co.th
Master Mind Communications Co., Ltd.
Public Relations Department
Contact: Orn-anong "Fah" Pattaravejkul
Tel: +66-2612-2081 #129
Mobile: +66-8-6884-4458
E-mail: orn_tabo@hotmail.com
Topic: Business Plan
Source: VGI Global Media PCL
Sectors: Daily Finance, Broadcast, Film & Sat
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From the Asia Corporate News Network
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