Bangchak, TH0420010R18

Bangchak wins SAF award as KKPS targets Bangchak stock at THB 69.70

Published on 10/13/2026 at 02:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For Bangchak stock, revenue hit THB 176.55 billion in the second quarter of 2026. Net income rose to THB 12.24 billion from THB 6.14 billion.

Key points in brief

Bangchak won a second-runner-up award for its Smart Circular UCO Ecosystem on October 2, 2026.
Kiatnakin Phatra Securities raised its Bangchak target from THB 44.60 to THB 69.70 on September 23, 2026.
Second-quarter 2026 revenue reached THB 176.55 billion, while net income rose to THB 12.24 billion from THB 6.14 billion.
Bangchak's last available Lang & Schwarz quote was EUR 1.36 on October 12, 2026.

Bangchak, TH0420010R18, Illustration mit AI erstellt.

Bangchak (ISIN TH0420010R18) won a second-runner-up award on October 2, 2026, for its Smart Circular UCO Ecosystem, while Kiatnakin Phatra Securities raised its target for Bangchak stock from THB 44.60 to THB 69.70 on September 23, 2026. The award project collected 10,129 kilograms of used cooking oil and cut logistics costs by up to 26 percent during its commercial pilot.

Three milestones shape the story

On September 17, 2026, Bangchak's board approved Bundit Hansapaiboon as the next group chief executive and president, effective January 1, 2027, according to MarketScreener. On September 23, 2026, Kaohoon International reported that Kiatnakin Phatra Securities kept a Buy recommendation while lifting the target to THB 69.70. On October 2, 2026, Bangchak received the SAF innovation award for its used-cooking-oil platform, as Bangchak stated.

What does the SAF award mean?

The operating figures provide a measurable link between the award and Bangchak's low-carbon strategy. The pilot collected 10,129 kilograms of used cooking oil from six collection points between March and June 2026, and the company reported logistics cost reductions of up to 26 percent, according to Bangchak. The project is therefore more than a recognition event: it gives the company a quantified collection and logistics benchmark for future sustainable aviation fuel production.

Second-quarter earnings add support

Bangchak generated THB 176.55 billion of revenue in the second quarter of 2026, compared with THB 131.19 billion in the first quarter. Net income rose to THB 12.24 billion from THB 6.14 billion over the same periods, according to Investing.com. That sequential improvement gives the higher analyst target a reported earnings reference, although the company remains exposed to refining margins and energy-price swings.

Leadership dates are already set

Chaiwat Kovavisarach is scheduled to leave the group chief executive and president roles when his employment term ends on December 31, 2026, and Bundit Hansapaiboon is scheduled to take over on January 1, 2027, according to MarketScreener. The transition places refinery and marketing leadership at the center of Bangchak's next operating phase.

Last available euro quote

The last available quote from Lang & Schwarz was EUR 1.36 on October 12, 2026 at 10:58 p.m. CEST. The finance quote for Bangchak's Thailand listing showed a THB 74.97 billion market capitalization and a THB 24.20 to THB 60.75 52-week range as of October 12, 2026. The further course of trading is shown by the continuously updated real-time quote of Bangchak stock.