The board of directors of Taokaenoi Food & Marketing Public Company Limited, or TKN, has approved a share buyback programme for financial management of no more than 17 million shares, representing approximately 1.23% of the total issued and paid-up shares, under a budget of no more than 80 million baht. The buyback period is set from 22 September 2026 to 21 March 2027. Combined with the existing 15 million repurchased shares, the company will hold a maximum of 32 million treasury shares, or approximately 2.32% of all shares. The research department of Kasikorn Securities Public Company Limited, or KS, holds a slightly positive view on the matter in terms of investment sentiment, and estimates that if the company can complete the full buyback, it would boost earnings per share, or EPS, by approximately 1.3%. On the dividend outlook, KS believes TKN still has the accounting capacity to maintain its payout ratio near its previous level of approximately 90%, as the company has retained earnings in its separate financial statements of 674 million baht. After deducting interim dividends of 191 million baht and the 80 million baht buyback budget, approximately 403 million baht in retained earnings would remain, before including profit expected in the second half of 2026. However, the research department notes that liquidity remains a factor requiring close monitoring, since at the end of June the company had cash of approximately 191 million baht, a level close to the dividends already paid, while operating cash flow in the first half of 2026 was negative due to an increase in inventory. Therefore, the ability to maintain dividend levels near the previous rate going forward will depend mainly on the recovery of operating cash flow and the ability to clear inventory in the second half of 2026.
Taokaenoi Food & Marketing Public Company LimitedBoard approved a share buyback of up to 17 million shares worth 80 million baht, which KS estimates could boost EPS by about 1.3%.
