$

PTT

PTT
PTT.BK
Last Price
48.75
09:35 GMT / 22 MAR 2019
Value Change [%]
0.50
[(1.04%)]
Volume
46,427,000
Open
48.75
Day's High
49.25
Year's High
59.50
Previous Close
48.25
Day's Low
48.50
Year's Low
44.25
Earnings Per Share
4.15
P/E Ratio
11.62
Lot Size
100
Div. Yield (%)
4.15
Dividend
2.00
Div. Pay Date
30 APR 2019
Ex-Div. Date
06 MAR 2019
Last Trade
48.75
Last Trade Time (GMT)
09:35
Last Trade 2
48.75
Last Trade 3
49.00
Volume
46,427,000
Turnover
2,267,284
Bid
48.50
Bid Size
2,731,500
Ask
48.75
Ask Size
811,800
Close Bid
48.50
Close Ask
48.75
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PTT Public Company Limited is a Thailand-based company engaged in the gas and petroleum businesses. The Company mainly operates in supply, procurements, transport and distribution of natural gas vehicle (NGV), petroleum products and lubricating oil via service stations throughout the country and also export to overseas markets. The Company also operates in retail sales at service stations. Through its subsidiaries and affiliated companies, the Company operates in exploration, production, refinery, marketing, transmission and distribution of petroleum, petrochemical products and aromatics. In addition, the Company operates international trade businesses, including import and export of crude oil, condensate, petroleum products, petrochemicals and sourcing of international transport vessels and carriers. On September 27, 2013, it established a new subsidiary, PTT Regional Treasury Center. On February 12, 2014, it divested all shares in Vietnam.

  • Market News
28 December 2018 - reuters.com
UPDATE 4-Murphy Oil sells Malaysia assets to PTTEP for $2.1 bln, turns toward home
21 March 2019
source: reuters.com
    * Murphy will focus on Western Hemisphere after transaction
    * PTTEP expects deal to add sales volumes, operating cash
flow
    * M&A activity picking up in Southeast Asia energy sector

 (Recasts with comment from PTTEP, analyst, other details)
    By Shradha Singh and Nivedita Bhattacharjee
    March 22 (Reuters) - Murphy Oil Corp  MUR.N  is exiting
Malaysia with a $2.13 billion sale of its oil and gas assets
there to Thailand's PTTEP  PTTEP.BK  and said it will use the
proceeds to pay down debt, buy back shares and fund potential
deals in the United States. 
    Besides the enterprise value of the sale, PTT Exploration
and Production Public Co Ltd (PTTEP), a unit of state-owned PTT
PCL  PTT.BK , will also pay Murphy Oil up to $100 million as a
bonus if certain exploration projects show results before
October 2020, the companies said on Thursday. 
    The deal between Murphy and PTTEP comes as M&A activity is
heating up in Malaysia's oil and gas sector, where global
companies pursuing expansion plans are spotting opportunities. 
    Reuters reported that Murphy was nearing a deal to sell its
Malaysian assets to PTTEP earlier on Thursday.  urn:newsml:reuters.com:*:nL3N21822T 
    "Like many Asian national companies, PTTEP suffers from a
maturing domestic portfolio. To improve its production outlook
the company has been on the hunt for licence extensions and
counter-cyclical M&A opportunities, with a focus on Southeast
Asia," said Alex Siow, a research analyst at energy research
firm Wood Mackenzie, in an email. 
    "This is the biggest oil and gas deal in Southeast Asia for
over five years, and supports our view that 2019 is set to be a
big year for M&A activity in the region," he said. 
    Reuters reported in November, citing sources, that Murphy
was in talks to sell its Malaysian assets after an unsolicited
bid.  urn:newsml:reuters.com:*:nL4N1Y32T5 
    Sources had said Spanish oil major Repsol  REP.MC , whose
presence in Malaysia is focused on the upstream sector, or other
global majors could be potential buyers for Murphy's assets. 
    Murphy had proven reserves of 816 million barrels of oil
equivalent (boe) in 2018, of which 129 million boe were from
Malaysia. Those assets produced over 48,000 boe per day for
Murphy last year. 
    The deal follows moves by other U.S. oil majors to turn
investment to high-yielding shale fields at home, where output
has soared to more than 12 million barrels per day (bpd), rising
over 2 million bpd since early 2018.  urn:newsml:reuters.com:*:nL1N21118Q  urn:newsml:reuters.com:*:nL1N21701E 
    
    WESTERN FOCUS 
    Murphy, which also has operations in Canada, Brazil and
other regions, said it will focus on the Western Hemisphere -
mostly on the Eagle Ford basin in Texas and the U.S. Gulf of
Mexico - for future exploration and production deals. 
    "We expect to generate approximately $1.2 billion of free
cash flow at a flat $55 West Texas Intermediate price," CEO
Roger Jenkins said on a call with analysts.
    Futures for light crude  CLc1  were trading at around $60
per barrel on Friday.  O/R  
    Murphy shares rose as much as 1.8 percent before closing at
$30.97 on Thursday. 
    PTTEP said the deal is expected to promptly raise sales
volumes by 15 percent and operating cash flow upon completion. 
    "This diversified self-funded portfolio will add a mix of
production, development and exploration assets that will provide
immediate revenue stream, production and reserves for both short
and long term," PTTEP said in a statement. 
    Malaysian state-owned Petronas  PETR.UL  partners Murphy in
Malaysia, which has seen M&A pick-up in the energy sector.
    In September, Austrian oil and gas company OMV  OMVV.VI 
agreed on a joint venture with Sapura Energy Bhd  SAEN.KL ,
paying $540 million for a 50 percent stake in the exploration
assets of the Malaysian firm.  urn:newsml:reuters.com:*:nL8N1XK3QS 
    In August, citing sources, Reuters reported that U.S.
company Hess Corp's  HES.N  Southeast Asian offshore natural gas
assets had attracted bid interest from PTTEP and OMV. Hess later
said it had no plans to sell its Southeast Asian assets.
 urn:newsml:reuters.com:*:nL3N1W64G3  urn:newsml:reuters.com:*:nL4N1V73VD 
    Murphy also announced a $500 million share buyback as well
as debt reduction of about $750 million. The company had about
$3 billion in debts as of December 2018.  urn:newsml:reuters.com:*:nBw3vpTZJa
    The deal on the Malaysian assets is expected to close by the
end of the second quarter. 
    Bank of America Merrill Lynch served as advisor to Murphy on
the sale, while Tudor, Pickering, Holt & Co was the financial
advisor. Jefferies Group LLC was the financial advisor to PTTEP.

 (Reporting by Nivedita Bhattacharjee and Shradha Singh in
BENGALURU; Kane Wu in HONG KONG and Anshuman Daga in SINGAPORE;
Editing by Arun Koyyur and Tom Hogue)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 80 6749 2439; Reuters Messaging:
shradha.singh@.thomsonreuters.com@reuters.net))
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