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    PTT   TH0646010Z00

PTT PUBLIC COMPANY LIMITED

(PTT)
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Thailand's PTT Oil and Retail makes market debut 50% above IPO price

02/11/2021 | 02:24am EDT

BANGKOK (Reuters) - Shares in Thailand's PTT Oil and Retail Business Pcl on Thursday opened nearly 50% above the initial public offer (IPO) price, in one of the country's largest listings this year.

PTT Oil and Retail Business is a unit of state-owned oil and gas giant PTT Pcl and its shares reached nearly 27 baht, or 50% above the top-end of its IPO price of 18 baht, compared with an overall 0.7% decline in the index.

"Shares were oversubscribed by many times and above expectations... with over 530,000 retail investors," chief executive Jiraporn Kaosawad said at an event at the Stock Exchange of Thailand.

PTT remained the company's largest shareholder with 74.16% of shares, stock exchange data shows.

The long-planned IPO comes after some blockbuster listings in 2020, with Central Retail Corporation Pcl and SCG Packaging Pcl each raising over $1 billion.

The company, which operates gas stations and Cafe Amazon coffee shops, said it would use proceeds from the offering to expand network fuel stations and its commercial business.

(This story corrects to add dropped words in company name, "PTT Oil and Retail Business" not "PTT Retail Business")

(Reporting by Chayut Setboonsarng; Editing by Ed Davies)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CENTRAL RETAIL CORPORATION PUBLIC COMPANY LIMITED 0.79% 31.75 End-of-day quote.3.25%
LONDON BRENT OIL 0.33% 74.98 Delayed Quote.44.49%
PTT PUBLIC COMPANY LIMITED -0.70% 35.5 End-of-day quote.-16.47%
SET -0.48% 1537.63 Real-time Quote.6.09%
WTI 0.33% 72.638 Delayed Quote.49.57%
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Financials
Sales 2021 2 150 B 65 447 M 65 447 M
Net income 2021 106 B 3 220 M 3 220 M
Net Debt 2021 340 B 10 344 M 10 344 M
P/E ratio 2021 9,69x
Yield 2021 5,00%
Capitalization 1 014 B 30 845 M 30 861 M
EV / Sales 2021 0,63x
EV / Sales 2022 0,56x
Nbr of Employees -
Free-Float 71,7%
Chart PTT PUBLIC COMPANY LIMITED
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PTT Public Company Limited Technical Analysis Chart | PTT | TH0646010Z00 | MarketScreener
Technical analysis trends PTT PUBLIC COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 35,50 THB
Average target price 50,06 THB
Spread / Average Target 41,0%
EPS Revisions
Managers and Directors
Auttapol Rerkpiboon President, CEO, Secretary & Director
Pannalin Mahawongtikul Chief Financial Officer
Thosaporn Sirisumphand Chairman
Wittawat Svasti-Xuto Chief Technology & Engineering Officer
Don Wasantapruek Independent Director
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