HoonSmart.com >> PTT family shares are stronger than market Crude oil price rises closer to the day XD distributes dividends PTT studies to borrow cryptocurrency We are confident this year no loss of oil stocks. Compressed PTT Group investment budget 5 years, total 8.5 billion baht, adjust more gas port “Thai Oil” recovered as GRM after COVID-19 resolved.
On February 23, 2021, the PTT family shares rose stronger than the market. Plus there is dividend support IRPC company (IRPC) raised XD, giving the right to receive a dividend of 0.06 baht per share today (23 February), while the share price closed at 3.48 baht plus 0.02 baht during the day, up to a maximum of 3.54 baht.
“PTT Group, led by PTTEP stocks, the price increased nearly 4% plus 3.50 baht, closed at 114 baht, set up an XD sign, a dividend of 2.75 baht on March 1, and TOP closed at 59.75 baht, an increase of 4.37%, up XD. On February 25, 0.70 baht per share was distributed, followed by PTTGC rises 2% and PTT plus 1%, after the share price in the group has dropped continuously earlier. Although analysts recommend buying a trap, the 2021 performance has grown significantly. “
Mr. Athapon Rerkpiboon, Chief Executive Officer and President of PTT (PTT), revealed that the company has studied cryptocurrency currency loans. As for the issuance of debentures this year, there are no plans. From the previous year, more than 60 billion baht was borrowed to support the COVID-19 epidemic. And currently has a cash flow of approximately 100,000 million baht
In addition, the company has prepared an investment budget in the PTT Group during the five years (2021-2025) of approximately 850,573 million baht, sharing approximately 51% of the total investment. For investing in upstream petroleum business The downside is approximately 31% investment and 6% of the power business, while PTT has also been approved for a 5-year investment limit of approximately 103,267 million baht or approximately 12% of the share, with an excess of approximately 8 hundred billion baht to support. More investment in new businesses More strength
“In 5 years we invest To adjust the structure to be more robust It has the power to invest in new businesses. Although there is a risk But if investing in the right place and at the right time Will definitely get good returns Ready to increase the proportion of the gas business more than the oil business To reduce volatility and diversify risks Currently, the oil business accounts for 67% and gas 33%. It is expected that in the year 68, the gas business is 80%. The price of crude oil this year is about 55-60 US dollars per barrel. From the previous year, an average of about 42 US dollars this year there will be no stock loss on oil. From the previous year, only by proportion, PTT held a loss of approximately 9,200 million baht, ”said Attapon.
Thai Oil Company (TOP) Mr. Natthaphon Nopparatwong, Investor Relations Manager, revealed that the operating results in 2021 will recover compared to the year 2020 with revenue of 259,179.27 million baht and a loss of 3,301.41 million. Baht, as global oil consumption will recover to around 5 million barrels per day from a year earlier, down 9 million barrels / day. And it is expected that GRM will return closer to 2019 at $ 3.7 / barrel from a drop in 2020 to $ 0.4 / barrel. The outlook for this year’s oil price is expected to move in the range of 55-60 USD / barrel.
As for the 1Q21 performance, the company expects to continue profit from oil stocks from 4Q20, in line with the continued increase in oil prices. With the global demand for oil
“This year, the performance will recover. This was mainly driven by higher oil demand. But what still affects is jet fuel. It is expected to return to normal in the next 2 years, ”said Nattaphon.
As for the 4-year investment plan (2021-2024), the company has a budget of approximately US $ 2,248 million. Most of them are investments in clean energy projects (CFPs) of about US $ 1,903 million. Which, if counting only the investments made in the year ’64, it will cost approximately 1,500-1.6 billion US dollars
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