On Thursday at 10:58 AM (Bangkok time), the share price of PTT Oil and Retail Business Public Company Limited (SET: OR) jumped by 9.65% or THB 1.10 to THB 12.50, with a trading value of THB 358.64 million.
Trinity Securities stated that OR exhibited robust fuel sales performance in the first quarter of 2025, attributed to the sustained growth fueled by heightened tourism and travel activities that drove up demand for fuel. The surge in tourism and travel also propelled the Cafe Amazon business, leading to strong sales and market share gains, contributing to OR’s exceptional performance continuation in the first quarter of 2025.
In 4Q24, the company disclosed a profit of THB 3 billion, surpassing market forecasts and demonstrating significant improvement from a profit of THB 194 million in 4Q23 and a loss of THB 1.6 billion in 3Q24. Enhanced performance was attributed to the favorable results from both the Mobility and Lifestyle divisions.
