The board of MAJOR has approved a share buyback programme worth up to 550 million baht, or no more than 68 million shares, representing 9.97% of issued shares. The buyback will run from 1 October 2026 to 31 March 2027. Research from Asia Plus Securities notes that this is the fourth buyback since 2023, reflecting the management's clear capital allocation priorities, which favour enhancing long-term shareholder value by reducing the number of registered shares over raising the short-term dividend payout ratio. The company has net gearing of only 0.59 times as of the end of the second quarter of 2026 and has sufficient liquidity to support the programme, even after three previous buybacks and capital reductions. The research house maintains its buy recommendation with a fair value of 10.22 baht, and expects the earnings recovery in the third and fourth quarters of 2026 to be supported by several box-office hits, as well as IMAX theatre expansion and cost-cutting measures.
Major Cineplex Group Public Company LimitedMAJOR's board approved a fourth share buyback worth up to 550 million baht (up to 68 million shares, 9.97% of issued shares).
Asia Plus Group Holdings PCL