The share price of PTT Oil and Retail Business rose more than 2% at the closing of the morning session on Wednesday to THB14.20 per sahare as the company laid out strategic plans to boost its performance in 2025.
On Monday, Disathat Panyarachun, CEO of PTT Oil and Retail Business Public Company Limited (SET: OR), revealed the company’s strategic plans for 2025, while endorsing M.L. Peekthong Thongyai on succeeding his position.
Disthat said that the company will focus on investment in large businesses, while currently under negotiation with two to three major partners to help boost OR’s growth. Additionally, the company plans to divest five or six businesses in the Lifestyle sector as part of its plan to trim non-profitable business.
The CEO 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.
