M.L. Peekthong Thongyai, CEO of PTT Oil and Retail Business Public Company Limited (SET: OR), announced that although the Thai stock market has been experiencing downturns, prompting some companies to initiate share buyback programs to reassure investors, there is no immediate decision from OR in this regard.
The Stock Exchange of Thailand had queried OR about potential share buybacks following circulating rumors, to which OR responded that any decision is still under consideration for feasibility and appropriateness.
OR emphasizes that any actions will prioritize the maximum benefit to the company, its shareholders, and stakeholders. Should a definitive plan be formed, they commit to promptly disclosing information through the stock exchange platform.
Regarding OR’s current operational strategies, OR Health and Wellness Co., Ltd. (ORHW), one of its subsidiaries, has inaugurated the seventh “found & found” store at PTT Station Rama 4, under the concept “SIMPLE. EASY. EVERYSKIN.” The company aims to expand to 12 stores by the end of this year and targets a total of 50 stores by 2026.
The Rama 4 branch is distinctive due to its exclusive range of products from seven leading South Korean brands from Olive Young, including BIO HEAL, Bring Green, Round A’Round, Wake Make, Colorgram, Fillimilli, and ID.FM IDEAL FOR MEN.
Additionally, it offers innovative products from Thailand and Japan through collaborations with top partners such as SUGI Holdings from Japan and Konvy, Thailand’s leading beauty e-commerce platform. The store’s offerings range from cosmetics, skincare, dietary supplements, and vitamins, catering to all skin types, genders, and ages, thus introducing a new, accessible lifestyle care.
Meanwhile, a source from PTT Exploration and Production Public Company Limited (SET: PTTEP) clarified that there are currently no plans to repurchase shares due to high investment requirements. Updates will be communicated if any developments occur.
PTTEP’s CEO, Montri Rawanchaikul, revealed details from the 2025 Annual General Meeting, which reported on past performances and strategic business developments locally and internationally. The meeting approved an annual dividend payment for 2024 at a rate of THB 9.625 per share.
This year, PTTEP continues to hold shareholder meetings as a Sustainable Event, emphasizing resource optimization, energy conservation, and environmental impact reduction, supporting sustainability through a full-scale Electronic Meeting (E-Meeting) for the third consecutive year. Furthermore, the 2024 annual report will be presented in digital format.
For 2025, PTTEP has allocated a total investment budget of $7,819 million for the expansion of its Myanmar’s Yadana and Zawtika gas fields. The company also progresses with its 5-year investment plan (2025-2029), which entails a total expenditure of $33,587 million.
Earlier, the company announced a $7,819 million budget for investment in 2025, which comprises $5,299 million in capital expenditure and $2,520 million in operating expenditure.
Additionally, an extra budget of $1,747 million is reserved over the five years to support expansions in offshore wind energy businesses, Carbon Capture and Storage (CCS) as a Service, hydrogen fuel, and investments in businesses and technology through subsidiaries established for Corporate Venture Capital (CVC).
PTTEP added that it will continue to focus on expanding its investments in Yadana and Zawtika fields in Myanmar to ensure national energy security.
