BCP will begin share buybacks on December 16th, with the first lot worth 1,100 billion baht, with a target of 6 months.

BCP will begin a share buyback program worth 1.1 billion baht, starting December 16th. The target is 29.50 million shares, or 2.14%, over the next six months, of a total budget of 3.8 billion baht. The three-year plan aims to build investor confidence.

November 27, 2568 – Mr. Chaiwat Kovavisarach, Chief Executive Officer of Bangchak Group and President of Bangchak Corporation Public Company Limited (BCP) It was revealed that the Company's Board of Directors Meeting No. 15/2568 resolved to approve the proposal of the Company's share buyback project for financial management (Treasury Stocks) with a total amount not exceeding 3,800 million baht for a period of 3 years, starting from 2568 to 2571.

The Company will conduct its first share repurchase in 2568, with a value not exceeding 1,100 billion baht, and the number of shares to be repurchased will not exceed 29.50 million shares, or no more than 2.14 percent of the total number of shares sold.

By purchasing using the automatic matching method through the trading system of the Stock Exchange of Thailand and having a share buyback period of 6 months from December 16, 2568 to June 15, 2569.

Mr. Chaiwat said that This share buyback This will help build investor confidence in the business's potential and the company's ability to generate profits and income in the future.

and helps increase the return on equity (ROE) and net profit per share (EPS) so that the share price reflects the true value appropriately, which is beneficial to shareholders as a whole.

It also manages the Company's excess liquidity to benefit and be effective from its current strong financial position under the overall business that continues to grow.

For the share buyback process in the 2nd and 3rd year, it will depend on various factors. At that time, including but not limited to the Company's excess liquidity, the amount of debt due within 6 months from the date on which the share repurchase will commence in that year, with the Board of Directors considering the details of each subsequent share repurchase.

At 10:00 a.m., BCP shares rose 5.36%, rising 1.50 baht to 29.50 baht, with a trading value of 24.59 million baht, from an opening price of 29.75 baht, a high of 29.75 baht, and a low of 29.50 baht.

Krungsri Securities A positive outlook for BCP's share repurchase program is expected in the short term, with a share price boosted by the first-year repurchase limit of approximately 1,100 billion baht. This reflects a maximum repurchase price of approximately 37 baht per share, increasing EPS for shareholders.

BCP is expected to have sufficient liquidity to repurchase shares in Q3 68, with standalone cash of 1,800 billion baht and consolidated cash of 2.7 billion baht.

Maintain "BUY" recommendation for BCP at TP26F = 44 baht/share, expecting continued recovery in 2569.

The refinery business benefits from full-year refinery and facility upgrades, the marketing business gains additional commercial customers, and the power plant business recognizes full-year US electricity rates and new COD.