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Today's Top Stocks: PTT Approves 1.40 Baht Dividend, 238.66 Million Share Buyback
PTT shares jumped to 43.25 baht per share, the highest in nearly six years, after the board approved an interim dividend of 1.40 baht per share, worth 39.6 billion baht. The stock will go ex-dividend on October 7, with payment scheduled for October 22, 2026. The company also announced a buyback of 238.66 million shares between September 28 and October 12. Brokers view the dividend as higher than expected and recommend buying, with a target price of 49 baht per share. Meanwhile, AWC will hold a press conference today on the sale of assets into a REIT, preparing to set up a trust worth about 50 billion baht, with a target price of 3.90 baht per share. VCOM has signaled a large revenue recognition in the fourth quarter of 2026 and is confident full-year revenue will meet its 2.2 billion baht target. CK is proceeding with the sale of 200 million BEM shares through a big lot, worth a total of more than 1.3 billion baht at 6.50 baht per share, with subscriptions exceeding the offered shares by more than seven times. SEAOIL approved an investment in newly issued ordinary shares of Jatujak Pattana, an 8% stake worth a total of 40 million baht, with the transaction expected to be completed within the fourth quarter of this year.
PTT.BK · Capital · Positive PTT's board approved a higher-than-expected interim dividend of 1.40 baht per share and a 238.66 million share buyback, with brokers recommending buy.
SEAOIL.BK · Capital · Neutral SEAOIL approved a 40 million baht investment for an 8% stake in newly issued Jatujak Pattana shares, expected to close in Q4.
CK.BK · Capital · Neutral CK is proceeding with the sale of 200 million BEM shares through a big lot worth over 1.3 billion baht, with subscriptions oversubscribed seven times.
VCOM.BK · Demand · Positive VCOM signaled large Q4 2026 revenue recognition and confidence in meeting its 2.2 billion baht full-year revenue target.
AWC.BK · Capital · Neutral AWC will hold a press conference on selling assets into a REIT worth about 50 billion baht, with a target price of 3.90 baht per share.
BEM.BK · Capital · Neutral BEM shares are being sold by CK via a big lot at 6.50 baht, a transaction involving BEM stock but no company-specific development.