M.L. Peekthong Thongyai, CEO of PTT Oil and Retail Business Public Company Limited (SET: OR), stated that the company’s performance would improve in 2025 as Thailand’s economy in the tourism, consumption, and investment sectors is expected to recover, while foreign arrivals are expected to return to normal in 2025.
Meanwhile, OR aims to utilize digitalization and innovation as a driving force to strengthen its businesses.
In the Mobility group, the company aims to maintain its leading position in the oil retail business in Thailand and regain its market share. The company will set its sights on reinforcing consumer trust and becoming a mobility partner through its network of PTT stations.
OR will improve its infrastructural efficiency to maintain competitiveness and prepare for its evolution from the oil business to a new energy-based business, catering to the future’s demand for cleaner energy. The expansion would include installing electric chargers at EV Station PluZ, solar cells, and other alternative energy.
In the Lifestyle group, the company will maintain the strength in Cafe Amazon’s entire value chain while also searching for new investment opportunities.
Furthermore, OR is also seeking new partners to create growth opportunities in both food & beverage and other lifestyle businesses, creating magnets to entice customers toward its main business.
The CEO stated that OR is studying business in a health & wellness group that has high growth potential to appeal to customers of all lifestyles, while also supporting the company’s business ecosystem.
In the Global group, OR will continue to expand in Cambodia as its second home base, due to the nation’s emerging economy and political stability, while also having demands for OR’s products and services. In the meantime, the company is looking to extend its reach into new countries, with joint investment with its superb partners reinforcing the company’s current business for future sustained growth.
In 2025, OR will allocate THB 18,886.9 million into investment, which includes THB 7,656.4 in the Mobility group, THB 7,280.4 million in the Lifestyle group, THB 2,771.8 million in the Global group, and THB 1,178 million in the Innovation & New Business group.
Based on the analysis of 13 brokers in LSEG, OR’s consensus target price is at THB 15.89 per share, representing a 40% upside from its last trading price.
