PTT approves sale of 238 million treasury shares, expected profit of up to 2.71 billion baht

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Summary · why it matters

The board of PTT Public Company Limited, or PTT, has approved the sale of 238.66 million treasury shares held for financial management, representing no more than 0.84% of total issued shares. The shares will be gradually sold through the automatic matching method on the Stock Exchange of Thailand trading system from September 28 to October 12, 2026. PTT had previously carried out a share buyback of 238.66 million shares between March 24 and September 23, 2025, with a budget of 7.549 billion baht, or an average price of about 31.63 baht per share, compared with the current share price of 43 baht. Asia Plus Securities estimates that this sale of treasury shares will generate a capital gain for PTT of about 1.17 to 2.71 billion baht. Sales through the automatic matching system are subject to a minimum price condition of no less than 85% of the average closing price over the five trading days preceding the sale, and if the shares are not fully sold within the specified period, the company will reduce its registered capital. Meanwhile, PTT announced an interim dividend for the first half of 2026 of 1.40 baht per share, representing a dividend yield of about 3.3%, higher than the second half of 2025, when it paid 0.90 baht per share, and the full year 2025, when it paid 2.3 baht per share. Asia Plus maintains its fundamental value at 48 baht per share and views PTT as still attractive as a holding company with diverse businesses, stable earnings, and high, appealing dividends.

Impact on assets 2

Energy Transition & Power Demand▲ · 1 stocks
PTT Public Company Limited
PTT
▲ PositiveCapitalrelevance

PTT's board approved selling 238.66 million treasury shares at ~43 baht vs ~31.63 baht buyback cost, generating an estimated 1.17-2.71 billion baht capital gain.

Financials▲ · 1 stocks
Asia Plus Group Holdings PCL
ASP
± MixedCapitalrelevance

Asia Plus Securities is cited for its estimate of PTT's capital gain and its 48 baht fundamental value, but the news is about PTT, not Asia Plus itself.

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