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MarketScreener Homepage  >  Equities  >  Stock Exchange of Thailand  >  PTT    PTT   TH0646010Z00

PTT

(PTT)
  Report
End-of-day quote. End-of-day quote Stock Exchange of Thailand - 10/19
32.5 THB   -0.76%
03:35aPTT PUBLIC : 1h
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PTT : Thai PM says new fin minister to be unveiled next week

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09/28/2020 | 01:52am EDT

* Finance minister quit after less than a month in the post

* Ex-transport minister, company executive among candidates-media

* Economy expected to shrink by a record 8.5% this year

*

BANGKOK, Sept 28 (Reuters) - Thailand's prime minister said on Monday he would pick a new finance minister by next week for the job of reviving an ailing economy battered by the coronavirus pandemic after the abrupt exit of the previous minister.

Southeast Asia's second-largest economy could contract by a record 8.5% this year, with the key tourism sector taking a beating, the finance ministry has forecast.

The next finance minister will have to know economic matters and the work of the government, Prayuth Chan-ocha told a briefing.

"You will know that next week," he said, adding that person will have to be "decisive and strong".

There will be no cabinet position swaps, Prayuth said.

Banker Predee Daochai quit as finance minister on Sept. 1 after only a few weeks, which Prayuth said was for health reasons.

Investors wants a suitable replacement to build confidence and for policy continuity with billions of dollars of stimulus measures being rolled out as the government struggles to pull the economy out of a slump. [

According to media reports, candidates include Arkhom Termpittayapaisith, who was a transport minister in Prayuth's military-led government and is a former head of the state planning agency, and Krairit Euchukanonchai, chairman of energy group PTT Plc.

Deputy Finance Minister Santi Promphat said previously he was "ready to work for the country". (Reporting by Orathai Sriring and Satawasin Staporncharnchai Editing by Ed Davies)


Stocks mentioned in the article
ChangeLast1st jan.
KRUNG THAI BANK -4.00% 8.4 End-of-day quote.-48.78%
PTT -0.76% 32.5 End-of-day quote.-26.14%
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Financials
Sales 2020 1 775 B 56 922 M 56 922 M
Net income 2020 51 329 M 1 646 M 1 646 M
Net Debt 2020 330 B 10 582 M 10 582 M
P/E ratio 2020 17,2x
Yield 2020 3,63%
Capitalization 928 B 29 751 M 29 771 M
EV / Sales 2020 0,71x
EV / Sales 2021 0,68x
Nbr of Employees -
Free-Float 71,7%
Chart PTT
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Technical analysis trends PTT
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 43,15 THB
Last Close Price 32,50 THB
Spread / Highest target 84,6%
Spread / Average Target 32,8%
Spread / Lowest Target -1,54%
EPS Revisions
Managers
NameTitle
Auttapol Rerkpiboon President & Chief Executive Officer
Krairit Euchukanonchai Chairman
Atikom Terbsiri Chief Operating Officer
Pannalin Mahawongtikul Chief Financial Officer
Supattanapong Punmeechaow Director
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1st jan.Capitalization (M$)
PTT-26.14%30 015
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