Bangchak stock falls 1.82 percent after Daol downgrade to Hold

Published on 09/28/2026 at 08:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bangchak stock reported THB 12.24 billion in Q2 net income and EPS of THB 8.34. Daol Securities cut its rating to Hold with a THB 50.00 target.

Bangchak, TH0017010008, Illustration mit AI erstellt.

Bangchak Corporation Public Company Limited (TH0017010008) was trading at THB 54.00 on the Stock Exchange of Thailand on September 28, 2026, down 1.82 percent from the prior close of THB 55.00. The move followed a recent analyst reset, while the company entered the session with Q2 net income of THB 12.24 billion.

Rating cut meets strong quarterly profit

According to MarketScreener on September 18, 2026, Daol Securities downgraded Bangchak from Buy to Hold and set a THB 50.00 price target. That target is 7.41 percent below the September 28 trading price, putting the rating change in direct contrast with the share price level.

The latest reported quarter provides a counterweight. Investing.com reports Q2 2026 net income of THB 12.24 billion and EPS of THB 8.34. The Q2 period ended June 30, 2026, and the figures give investors a more concrete reference point than the rating change alone.

Strategic plan supports energy diversification

Bangchak said on August 31, 2026, that its five-year plan centers on energy security, resilience and a broader integrated energy portfolio. The company also highlighted an interim dividend of THB 3.00 per share, linking capital returns with continued investment.

The business spans refining and oil trading, marketing, electricity, bio-based products and natural resources. That mix can soften dependence on one operating stream, but refining margins and marketing spreads remain important variables for quarterly earnings.

Stock stays below its yearly high

Bangchak stock traded between THB 53.75 and THB 55.25 on September 28, 2026, with volume of 7,170,737 shares. At THB 54.00, the share price was 11.11 percent below its 52-week high of THB 60.75 and 123.14 percent above its 52-week low of THB 24.20.

The company had a market capitalization of THB 79.4 billion as of September 28, 2026. The combination of a current price below the average analyst target reported by MarketScreener and a recent Hold recommendation leaves the Q2 profit figure as the central measure for assessing whether earnings momentum can support the valuation.