Disathat Panyarachun, CEO of PTT Oil and Retail Business Public Company Limited (SET: OR), revealed before his retirement on 11 December that OR’s plan for 2025 is going to focus on investment in large businesses. Previously, Disathat has discussed with M.L. Peekthong Thongyai that would succeed him and that the company is currently under negotiation with 2-3 major partners to help support OR’s growth.
Currently, the company is planning to divest additional 5-6 businesses in the Lifestyle sector following the closure of Texas Chicken and Flash Express to trim out non-profitable businesses. In addition, the company also plans to invest in longtunman, a venture capital fund, to push Lifestyle’s EBITDA Margin in 2025 to 30% from 27% and to 50% in the future, supporting OR’s growth.
OR believed that the new health and beauty brand “found & found” would boost its growth in the future. OR has plans to expand the retail store of “found & found” from 5 to 10 branches in 2025, and the company is expecting growth in 1Q2025 from a mutual investment with its new partners.
Meanwhile, the Global business is expected to grow further in the future, as such the company plans to further invest in the infrastructure of the Marine Terminal and PTT station at Hun Sen Boulevard, Cambodia, which were comparable to OR’s second home due to growth potential, especially in oil.
Furthermore, OR is looking to expand the oil market into neighboring countries, strengthening PTT’s growth, while also improving the Philippines’ Project One to bolster cooperation within the PTT group. Additionally, the group is also looking to expand into Vietnam through the LPG business.
OR has reinforced many of its business ecosystems, especially on mobility by becoming a Thailand Mobility Partner, expanding EV Station PluZ into all 77 provinces, coupling with promoting sustainable aviation fuel (SAF) with Thai Vietjet Air and Bangkok Airways, while also utilizing pipeline to transport fuel instead of train or truck to optimize its logistic.
