January 21, 2021
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Attapon is confident that “OR” distributes shares to support the long-term performance of PTT is not concerned with the decrease in shareholding. Advise investors to look at business fundamentals before making a decision to subscribe. Raising strengths to seize number 1 in the oil business – non oil
Mr. Athapon Rerkpiboon, Chief Executive Officer and President, PTT Public Company Limited Revealed that the Company’s funding in the Stock Exchange of Thailand PTT Oil and Retail Business Public Company Limited or OR As a result, PTT reduced its shareholding in OR to 75% from the original 100%, but PTT believes that the lost 25% stake will not affect the outcome. PTT operations
At the same time also received the opportunity from the OR Will use the proceeds from this fund raising 4-5 billion baht to further expand the business by several percent, so if compared from the current size of OR’s business growth With businesses that will grow further in the future I believe that PTT will benefit from its future growth size.
“If looking back at the episode PTT has yet to raise capital, its business value is 3-4 billion baht, which the Ministry of Finance held 100% of PTT’s shares at that time, but when entering the market, the proportion of shares held by the Ministry of Finance in PTT Reduced to 51% plus Vayupak Fund totaling over 60%, but the business value PTT is currently at 1.1 trillion and above. If the percentage is much higher than what you hold before, ”said Attaphon.
The ORR growth strategy after raising funds will focus on expanding its growth in 3 main businesses: 2. Retail business of other goods and services (Non-Oil) and 3. International business
All 3 main businesses will grow. But what will see more growth will be the Non-Oil business and the foreign business. It will use OR’s potential to seek more investment opportunities in ASEAN and China markets, in which the Non-Oil business will continue to see opportunities for mergers and acquisitions (M&A) and joint ventures. Venture) with more local partners abroad.
For investors concerned that after the sale of OR’s IPO shares May result in the stock price going up like an IPO traded in the stock market at the end of 2020.
As for the trading of OR shares, we have to let the stock price move up and down according to the actual stock market conditions, but PTT as the parent company would recommend investors to consider business fundamentals. OR has a market share of over 40% of the market in both the oil business, which is number 1 in the market and the liquefied petroleum gas (LPG) business is also number 1.
Moreover, the profit before interest, tax, depreciation and amortization (EBITDA) ratio of the non-oil business is 25% or more than 3 billion baht, which has the highest market share in the market as well.
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