On Tuesday, share price of DITTO closed 17.05% higher at THB 15.10, while TEAMG settled at THB 2.82 with a gain of 13.71%.
Takorn Rattanakamolporn, CEO of Ditto (Thailand) Public Company Limited (SET: DITTO) has revealed to “Kaohoon” that after the dinner talk “Chat with Tony: Bull Rally of Thai Capital Market” hosted by Kaohoon, there is one part where Taksin Shinawatra said about carbon credit and land reclamation.
Ditto saw that the company has been working on carbon credit for a period of time, such as planting trees or creating mangrove ecology in Southern Thailand, in which around 20,000 rai (32 sq.km.) could be registered at Thailand Greenhouse Gas Management Organization (TGO), and filed for carbon token issuance with the Securities and Exchange Commission (SEC) to entice the public to plant trees to generate the credit.
Since carbon credit is considered a faraway concern in the business sector. When Taksin discussed carbon credit, which is a major focus in international communities such as Singapore, the European market, and the Thai market, it was seen as Thailand presenting itself as a hub for carbon credit, thus pushing the value of the credit even further. It would also allow Thai businesses, which are mainly import-export businesses, to export their carbon credit to foreign countries.
Ditto, which has significantly invested in reforestation to fuel the carbon credit into various business sectors in Thailand, and is the first Thai business to continuously engage in such endeavor, saw Taksin remark in the “Chat with Tony: Bull Rally of Thai Capital Market” dinner talk as creating a clearer picture to the company’s venture.
There is also the royal decree on climate change, from the previous push for only corporate social responsibility, now the ventures themselves become commercially viable, while also being beneficial for the environment and society.
Takorn also said that Thai mangrove forest can not only generate carbon credit, but can also lower the carbon footprint from registering with the Thai government. As such the Team Consulting Engineering and Management PCL (SET: TEAMG) could become the inspector and consultant to various companies in carbon footprint, as in the future, exports will have to report its carbon footprint to determine how much carbon dioxide the exports consume.
As such when Thai companies exports its good abroad, they would need to report on how many carbon footprint were create with the product, and TEAMG which is the consultant licensed from TGO can be hired as an inspector
Takorn also remarked on the government land reclamation plan, since Bangkok could be completely flooded in the next 20 years, a story well-known among its people. The flood happened because the rising tide pushed the water from Bangkok’s rivers to overflow and flooded the city.
When Taksin discusses land reclaim to prevent flooding from high tide, the solution would be building a dam or flood barrier slightly offshore, and during that period, the area between the shore and the barrier could be made into islands, which during the construction of the barrier from Chachoengsao to Samut Prakan, would help prevent seawater to flood into rivers such as Tha Chin river and Chao Phraya river and help alleviate flooding in Bangkok and Ayutthaya in the future.
Since the project would need huge funding, which the state may not be able to provide, the reclaimed area or a newly built 15-meter-high island in the Thai Gulf, could be leased out to foreign investors under a 99-year lease, which many have already been interested in.
Furthermore, Thailand is a disaster-free country, The Thai Gulf does not experience tsunamis, typhoons, and tornadoes, making it a very safe area for land reclamation.
