26 February 2021
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PTT aims to expand investment portfolios for 20-23% of New Energy by 2030, aiming for 6 new businesses to embrace global trends. Push using technology to drive
Bangkok Business Newspaper Organized a seminar “Looking at Thai Stocks … Breaking through the New Covid Crisis” yesterday (25 February) with representatives of the government and private sectors to express their opinions on the direction of Thai economy and investment
Mr. Athapon Rerkpiboon, Chief Executive Officer and President, PTT Public Company Limited Mentioned on the topic “Insight into Public Stock… Step into Tech Company, the business of the future world” that the current global trends, many companies around the world are adapting and bringing the issue of Tech to drive business.
PTT sees that the future energy trend will focus on 2 areas, GO GREEN and GO ELECTRIC, which during the energy transition period, it believes that natural gas will remain an important energy and PTT Group. Will advance into the Gas Value Chain, with the view that PTTEP will begin to adjust its investment portfolios to focus more on gas fields
At the same time, PTT will set a business driving strategy under the concept of PTT by PTT or Powering Thailand’s Transformation or PTT, which aims to make the group PTT is the energy organization of Thailand. That is ready to drive the country through change by applying technology and innovation to all sectors Enhance the competitiveness of the country, develop society and the quality of life of the Thai people.
In addition, PTT will continue to grow from its core businesses. Accelerate development and expand new businesses Enter a business with high potential for growth according to the world directions in 6 areas: 1. New Energy 2. Life Science 3. Mobility & Lifestyle 4. High Value Business 5. Logistics & Infrastructure 6.AI & Robotics Digitalization
In the past, PTT has joined hands with business partners. To focus on the energy businesses of the future, such as the development of EV Changer Platform and EV Station, the establishment of SWAP & GO to invest in the battery business for pharmaceuticals, electric vehicles. Which will begin entering the market in March, including the opening of a company to provide a comprehensive renewable energy certificate purchase and sale service Which will be an intermediary platform for electric entrepreneurs, renewable energy to trade
Including the latest sales have already started such as the Johnson factory in Thailand. And investing in GRP to acquire GPSC’s subsidiary to strengthen its potential to expand investment in electricity business from renewable energy such as solar cells and wind abroad.
It also penetrates into new businesses. To keep up with the changing trends of the world, for example, in cooperation with the Government Pharmaceutical Organization (FDA) to produce the first cancer drug in Thailand. According to the construction plan in 2022, the establishment of Innobic (Asia) company to invest in Life Science business, in the following stages May see the closure of a merger or acquisition (M&A) deal and together with the Department of Medical Services to develop bio-cellulose-type wound dressing materials of international equivalent quality. Which will start selling in Thailand soon
Including PTT has invested in creating new business opportunities. Through investment funds (Venture Capital: VC) in 7 foreign funds and direct investments in 3 companies such as Drone & Robotic, etc.
Mr Athaphon said that this year PTT aims to push forward an AI Driven Organization, which will bring tech to use in all sectors. Both doing business and working processes Which will arrange for each agency to have a contest of works To be a part of measuring the importance of technology in the organization. And to prepare employees to try new things Support for new business phenomena that will occur in the future.
However, the portfolio management of PTT although present Will design reasonably well, as evidenced by the year 2020, many of the world’s largest energy businesses The performance was negative and PTT was able to support the performance to be positive. But in the future we will have to adjust the port to be more stable. By setting a target by 2030 to increase the investment proportion of the New Energy portfolio to 20-23%, which will add revenue to PTT’s portfolio in the future.
“We are still Core Energy, but from now on to 2030, our 20-23% ports will be New Energy & New Frontier according to global trends.”
In this regard, the business operation of PTT and PTT companies hold 100% shares over the next 5 years (2021-2025) and use a total amount of 103,267 million baht (excluding projects that are in the process of investing or seeking investment opportunities. ) And prepare investment budget in the future (Provisional Capital Expenditure) in the next 5 years amounting to 332,000 million baht to prepare for the change. Build strength and competitiveness to develop the Thai economy.
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