Kasikorn Securities wrote in an analysis note that TIDLOR Holdings Public Company Limited (SET: TIDLOR) has announced a share buyback program valued at up to THB 2.4 billion. The initiative will see the company repurchasing no more than 122.8 million shares, equivalent to 4.24% of its total registered shares, at a maximum price of THB 19.54 per share. The buyback period is scheduled to run from May 28 until November 27, 2026.
Kasikorn viewed the buyback as a positive development for TIDLOR, citing robust liquidity as of the first quarter of 2026, with cash on hand totaling THB 3.4 billion. The securities firm noted that the share repurchase program is likely to support share price performance and also boost key financial metrics, including earnings per share (EPS), dividend per share (DPS), and return on equity (ROE).
According to Kasikorn, if TIDLOR completes the full buyback and subsequently reduces registered capital, EPS is expected to rise by 4.4%, reaching THB 2.2 per share in 2026 from the previous THB 2.08. Likewise, DPS would increase 4.4% to THB 0.64 per share, up from THB 0.61, resulting in a higher dividend yield of 4% compared to 3.8% previously. ROE is set to improve by 7.1%, climbing to 17.6% from the earlier 16.5%.
Kasikorn highlighted that TIDLOR’s strong liquidity enables the company to undertake this buyback without compromising its financial stability, making the initiative particularly attractive to existing and potential investors.
