During the Annual General Meeting of Shareholders for 2025, held on April 4, 2025, M.L.Peekthong Thongyai, CEO of PTT Oil and Retail Business Public Company Limited (SET: OR), addressed the issue of OR’s stock price, which remains below its Initial Public Offering (IPO) price. He noted that this is in line with overall market conditions where other companies’ shares are also experiencing declines.
OR is currently evaluating the feasibility and appropriateness of a share buyback, focusing on strategies that would maximize shareholder value. The final decision will be communicated to shareholders in due course.
The meeting also approved a dividend distribution for the company’s performance in the second half of 2024 (from July 1, 2024, to December 31, 2024). As per the board resolution from February 11, 2025, a dividend of THB 0.13 per share will be distributed across 12,000,000,000 common shares, amounting to a total of THB 1.56 billion. The dividend payment date is set for April 29, 2025.
OR’s dividend policy maintains a biannual distribution with at least 30% of net profits. Currently, OR needs to reserve funds for its five-year investment expansion plan (2025-2029), totaling THB 60,404 million. Any consideration for additional dividend payments will be communicated to shareholders as decisions are made.
Additionally, Theerarat Samrejvanich, Thailand Deputy Minister of Interior, presided over the signing of a memorandum of understanding to transform Thai OTOP (One Tambon One Product) into an online and modern trade venture.
The collaboration between the Community Development Department, Ministry of Interior, and OR highlights OR’s commitment to community empowerment, demonstrated through the “Thai Ded” initiative.
This project supports outstanding products from community enterprises by featuring them in “Thai Ded Shops or Corners” across PTT Stations and Café Amazon locations nationwide. Currently, over 1,100 community products participate in the program.
This partnership aims to enhance marketing and promotional efficiency for community products by leveraging the strengths of all parties involved, to increase OTOP’s market reach.
In the first quarter of 2025, the Thai Ded project has generated THB 60 million in revenue for community entrepreneurs, with a full-year revenue target of THB 200 million for 2025.
