2024-01-11 12:57:03
Stock dimension – PTG Heavy penetration into Non-Oil business Negotiating a deal on alternative energy following scooping up “Paisan Capital” to push the Thai coffee IPO in 2070.
PTG or PTG Energy Public Company Limited by Mr. Pitak Ratchakitprakarn, Chief Executive Officer and President, revealed that in 2024 the company aims for oil sales volume to grow 10-12% from continuous branch expansion. The average marketing value is expected to be 1.7-1.8 baht per liter, trying to increase it to 2 baht per liter and setting an investment budget of 5-6 billion baht, used to expand and improve the oil and LPG business, with the remaining 1-1.5 billion baht. It is Non-Oil approximately 4.5 billion baht, part of which is used to purchase shares of Phaisan Capital Company Limited, amounting to 825 million baht. In addition, there is another deal under negotiation, which is an alternative energy business.
Estimated investment budget for this year 5-6 Thousand million baht
This year, the company will accelerate the proportion of Non-oil business to increase from 2023 when the proportion was 20-21%. It is expected that by the end of this year it will increase the proportion to more than 25% in order to achieve the goal of 50% in the future faster.
Push “Phan Thai Coffee” IPO In the 70’s
For the Phan Thai coffee shop business It is expected that it will be able to be listed on the Stock Exchange of Thailand within 2020, with a target to expand to 5,000 branches from 900 branches by the end of 2023. This year, it is expected that income from Punthai coffee shops will grow 80-90% from the previous year.
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