“Anyone who wishes to hold an OR share must be able to That is the concept. That I gave to at that time “
“Dissecting a public stock business OR” after the first trading day above the reservation + 62.50%
Sontirat Sontichirawong, former Energy Minister Recalling the date the executives of PTT Public Company Limited came to discuss to prepare PTT Oil and Retailing Public Company Limited or OR (‘OR’) to enter the stock exchange. Which was during his tenure as Minister of Energy
On that day, Sontirat gave 2 main policies which are
1. Distribution of OR shares must be distributed under the concept The general public who wishes to own OR must own shares. Because it is another opportunity that small people Little people Have the opportunity to acquire a stake in a global energy company. And in order not to spread the stock into the hands or to benefit capital groups or large corporations or political mechanisms. This can happen with stocks that are about to enter the stock market.
It is in the nature of the allocation of shares. Small Lot First The retail subscriber will have to subscribe through a stock dealer, namely Kasikorn Bank. Bangkok Bank And Krung Thai Bank The first round of allotment with a minimum subscription of 300 shares. People who buy a minimum of 300 shares are entitled to all shares equally.
For the next round, for those who subscribe for more than 300 shares or more, 100 shares will be allocated at a time (Board Lot) around the times when the number of shares is insufficient to allocate to all subscribers. The remaining shares will be allocated randomly (Random) in the last round until the stocks run out. Which will have both people who have reached the total number of shares subscribed And did not complete the amount subscribed
After the closing of the subscription, it was found that there were many small subscriber showing interest in investing. There are more than 530,000 items subscribed through 3 banks, both branch and online subscription channels, with more than 480,000 people subscribing for shares, which is the highest transaction for shares.
2. When OR stock enters the stock market Must go to build strength and grow overseas Expanding overseas business on OR business To strengthen the overseas oil and retail business And want OR to be a company for the community, such as the Thai Ded Project, which brings community products to distribute in the shops around PTT gas stations.
“These are two of the things I requested and today I am delighted to bring them and they are very helpful. That gives ordinary people opportunities, small ones have equal opportunities In taking advantage of giant companies to distribute shares in the stock market ”
Distribution in such a way will be Prototype To other large companies or not to provide opportunities for small businesses or the general public More access to large stocks
Sontirat said that distribution of shares of large companies would not be able to control each other. In principle But the OR is considered a state enterprise Therefore, government policy may play a role in some forms of distribution of stocks. But it is only a suggestion because it all depends on the management. PTT to decide
“But on the other hand, if any large company is spreading their shares or doing something that we think is beneficial. In providing opportunities for people to enter, as in the case of OR May reduce the inequality in another way And is considered the distribution of wealth (Wealth) down to the people below. Therefore think that it is not only about stocks If you think about how to strengthen the people below, in practice it is all encouraging. “
During the global economy facing the effects of the COVID-19 situation, OR is traded on the stock market. See that it was a good time or not.
Sontirat sees it as another dimension of investment in the COVID-19 situation. That small investors get involved He explained that Currently, money is overwhelming the world. The COVID-19 situation has led many countries to take financial measures at the same time the economy or the business itself is very limited.
But it can be seen that the capital market will be the one where investors come to take advantage of this opportunity. Revolving into all types of investment markets This is a good opportunity to bring OR to the stock exchange in order to raise funds. Which, if viewed from an economic perspective, thinks that it is even worrisome
“But because of the changing dimensions of investment in the retail sector Small investors come in more, so is our home equity market. It can be seen that small investors now have considerable influence. Even the US stock market case Game Stop is therefore considered a dimension of investment on the COVID-19 situation. That effect on retail investors has changed, making OR is what it seems on the first trading day. “
GAMESTOP LESSON Small power teach big Shaking investors in the Wall Street stock market.
Immediately, PTT Oil and Retail Company or OR (OR) has traded for the first day on the Stock Exchange of Thailand. Immediately open the market The price jumped to 26.50 baht, an increase of 8.5 baht from the initial public offering price (IPO) at 18 baht per share.
Therefore, OR will be able to go in a situation where many businesses or PTT themselves are affected by the COVID-19 epidemic.
Sontirat said that the retail business is considered a distribution channel, the mechanism of retail is another business. Which sees OR as a future company because it is Energy Retail Different from oil refining companies Or oil-exporting companies affected by COVID-19
But retail in the energy business is not the only fuel. If looking into one PTT pump, besides selling oil But at the same time there are also shops, coffee shops, convenience stores Therefore, the business is not only on oil. Which must be appreciated PTT has a very strong retail development.
“Retail is another wing. Even though different people are together Energy-related retail such as gas stations The future could be a place for charging stations, electric train stations, etc. Not only energy. But grow with retail businesses that are in the same composition “
As I said, 1 of the 2 items that Mr. Sontirat It was suggested during his time in the Energy Minister’s chair to take OR to strengthen his overseas growth. How do you see opportunities or potential of OR?
The answer is obviously “Center of ASEAN in the energy and retail business” He added Thailand is a country that no one knows has sufficient energy strength. Although the amount of oil in the country is not that much Still has to be mostly imported There is a level of natural gas. But we have a strong energy structure and are recognized as a regional energy company. It is also the original and is a company with a strong management cut power business. Which is the strength is that although we don’t have many of these resources But we have the characteristics of companies that do well in these businesses.
Give an example Amazon coffee business It is now the number one dream in Cambodia, so a long-term dream. As OR to expand to this region, in addition to its own retail business, OR can also expand its lead Thai community products expand in conjunction with overseas branches. Which would like to see this kind of investment for Thai people
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