The share price of PTT Public Company Limited (SET: PTT) at the time of 10:46 a.m. is at THB 31.75, a THB 1.00 or 3.25% increase with a total trading value of THB 795.84 million.
PTT has informed the Stock Exchange of Thailand that the Board of Directors’ Meeting of PTT No. 3/2568 on 20 March 2025 approved the share repurchase project for the purpose of financial management, with a maximum budget of THB 16,000 million.
The number of shares to be repurchased will not exceed 470 million shares, representing 1.65% of the total shares issued.
The share repurchase will be conducted by means of automated order matching via the trading system of the SET, and the repurchase period will be 6 months, starting from 24 March 2025 until 23 September 2025.
KGI Securities (Thailand) notes that the share buyback is likely to instill confidence among investors and shareholders due to PTT’s robust financial standing and profitability.
The securities company maintains a “hold” recommendation for PTT shares, with a target price for 2025 set at THB 35.
Similarly, Kasikorn Securities views the buyback initiative favorably, highlighting its potential to enhance PTT’s Earnings Per Share (EPS) and Return on Equity (ROE), effectively managing excess capital.
The current trading metrics for PTT reflect a Price to Earnings (PE) ratio of approximately 9 times and a dividend yield of around 6.8%.
