Bangchak, TH0420010R18

Bangchak stock stays below its THB 60.75 yearly high amid SAF award news

Published on 10/08/2026 at 06:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bangchak stock follows an October 2 SAF innovation award and a THB 69.70 analyst target. The SET quote was THB 53.25 on October 8, 2026.

Bangchak, TH0420010R18, Illustration mit AI erstellt.

Bangchak Corporation Public Company Limited held a market capitalization of THB 78.3 billion as of October 8, 2026, while its share price stood 12.3 percent below the 52-week high of THB 60.75. Mitihoon reported on October 5, 2026, that Bangchak Group received a second runner-up award on October 2 for a sustainable aviation fuel project.

SAF project delivers measurable results

The award recognized Bangchak's Smart Circular UCO Ecosystem, which links used cooking oil collection with digital tracking, logistics planning and conversion into sustainable aviation fuel. During its commercial pilot from March through June 2026, the project collected 10,129 kilograms of used cooking oil from six collection points and reduced logistics costs by up to 26 percent, according to Mitihoon.

The project gives Bangchak a concrete operating example for its energy-transition strategy. The figures describe a pilot rather than groupwide revenue, but they show a measurable link between waste collection, lower logistics costs and future SAF production.

Analyst target remains above the quote

Kaohoon International reported on September 23, 2026, that Kiatnakin Phatra Securities raised its target from THB 44.60 to THB 69.70 and kept a Buy recommendation. The new target lies 30.9 percent above the October 8 price of THB 53.25.

A separate consensus page covering 13 analysts assigns Bangchak a Strong Buy rating, with an average 12-month target of THB 58.13, a high of THB 75 and a low of THB 47, according to Investing.com. The average target lies 9.2 percent above the October 8 quote, a narrower gap than the KKPS target indicates.

Stock remains below yearly high

Bangchak stock was last at THB 53.25 on the Stock Exchange of Thailand on October 8, 2026 at 11:14 a.m. ICT, down 0.93 percent from the prior close. The session range was THB 52.75 to THB 53.75, with volume of 372,600 shares.