Which Kasikorn Thai Securities stated in the analysis that Recommend "Speculative Buy" on BANPU shares The price has risen from 13.2 baht to build up the base line at 11.5-11.6 baht. The last rebounded above the 5-day average and started to stand above the pressure line while the MACD began to rise above the signal line to the center line. Reflecting the opportunity for the price to have a strong crossing across the press And raised to find the previous high point checkpoint
As before The Board of Directors Meeting on 29 August 262 approved the treasury stock project for financial management within the limit not exceeding 5,000 million baht and the number of repurchased shares not exceeding 385 million shares. Or equivalent to no more than 7.5% of the total issued shares Which will be the purchase in the stock market And have a period of 6 months to repurchase shares from 13 September 2019 to 10 March 2020
For this repurchase In order to efficiently manage the excess liquidity of the company Including resulting in improved financial ratios Due to the decrease in the number of shares, the net profit per share (EPS) will improve. As a result, the valuation of basic shares has increased. It also signals to investors the company's strong financial status. And confidence in the company's profitability The underlying value should have a value that is higher than the current market price, which is reduced due to the fluctuation of stock market conditions.
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