PTT to go ex-dividend on 7 October, paying an interim dividend of 1.40 baht per share

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PTT shares are set to trade ex-dividend on 7 October to pay an interim dividend of 1.40 baht per share, with the actual payment date set for 22 October 2026. Meanwhile, brokers are maintaining their estimates and their 2027 fundamental value at 48 baht per share. Asia Plus Securities noted that PTT still stands out as a holding company with a diversified business structure, which helps spread risk and generate relatively stable profits. It also pointed out that the current share price remains a laggard compared with energy-sector subsidiaries, and that the interim dividend payout is a positive factor for the share price. KGI Securities (Thailand) expects PTT's profit to fall quarter-on-quarter in the third quarter of 2026, after hitting a record high of 52.5 billion baht in the second quarter of 2026, pressured by PTTEP, PTTGC, the gas business unit and the trading business unit. It expects PTTEP's average selling price to decline in line with lower Dubai crude prices, which have fallen to 80 US dollars per barrel in the third quarter to date of 2026, or a 17% drop quarter-on-quarter, while the HDPE price in the third quarter to date of 2026 is still down 21% quarter-on-quarter at 1,125 US dollars per tonne, which should pressure the olefins business profit of PTTGC. Meanwhile, the contribution margin of the trading business unit, which had been as high as 0.31 baht per litre in the second quarter of 2026, is expected to return to normal levels in the third quarter of 2026 forecast. KGI also maintains its buy recommendation on PTT, with a sum-of-the-parts target price for the first half of 2027 forecast at 43.00 baht, and expects the share price to be supported by an attractive dividend yield of 5.6% in 2026 and 2027 forecast, based on an estimated dividend per share of 2.30 baht per year.

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PTT declares an interim dividend of 1.40 baht per share with brokers maintaining buy ratings and a 48 baht fundamental value.

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