BANPU shares resumed trading on the first day after completing its merger with BPP, opening at 15.50 baht, above the fundamental value of 14.50 baht estimated by analysts at Asia Plus Securities. The price hit a high of 15.90 baht before retreating to close the morning session at 15.20 baht. Under the new structure, each existing BANPU share was allotted 0.38242 new BANPU shares, and each existing BPP share was allotted 0.80208 new BANPU shares, along with an interim dividend payment of 0.40 baht per share. The XD date is set for September 11, with dividend payment on September 25. Benefits from the merger are expected to reduce organizational complexity, enhance management agility, and create synergies between the legacy business and the power plant business. Net profit for 2026 to 2027 is projected to rise by around 19 to 22 percent from previous estimates, to 3.6 billion baht and 4.7 billion baht respectively, while the debt-to-equity ratio is expected to remain stable at around 1.8 times.
Banpu Public Company LimitedMerger with BPP expected to boost net profit 19-22% and create synergies, with shares trading above analyst estimates.
Banpu Power Public Company LimitedMerger with BANPU expected to create synergies and improve profitability, with shares converted to BANPU shares.