GULF blue chip: Sarath adds 33.5 million shares at THB 59

 

GULF CEO and major shareholder Sarath Ratanavadi bought another 33.5 million GULF shares through a block trade at an average price of THB 59 per share, for a total of about THB 1.9765 billion, underscoring his confidence in the company's outlook. At the same time, the market heard news that Singtel plans to block-sell 416 million GULF shares, with the total transaction value exceeding THB 24.9 billion and a target price range of THB 58.80-60.00 per share.

 

The Thai Securities and Exchange Commission (SEC) received a Form 59 filing on changes in securities holdings by Gulf Development Public Company Limited (GULF) CEO, vice chairman and major shareholder Sarath Ratanavadi. The filing shows that on June 23, 2026, Sarath completed a securities-market block trade through UBS Securities (Thailand), buying a total of 33,500,000 shares at an average price of THB 59.00. After the purchase, his total holding rose to 620,508,207 shares.

 

Sarath Ratanavadi bought another 33.5 million GULF shares at an average of THB 59, worth nearly THB 2 billion.

 

Foreign media reported that Singtel Global Investments plans to sell 416 million GULF shares through a block trade worth about THB 24.96 billion, at a transaction price range of THB 58.80-60.00 per share. Compared with the stock's latest closing price of THB 61.25, the discount is about 2%-4%; after the sale, the seller will be subject to a 90-day lock-up period.

 

On June 23, 2026, GULF closed at THB 60.50, down THB 0.75 or 1.22%.