Kasikorn Securities sets THB 75.20 target for Thai Oil stock

Published on 10/15/2026 at 23:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter 2026 sales reached THB 114.81 billion. Thai Oil stock costs EUR 1.95 on October 15, 2026, while SET shares fell 3.00 percent.

Target and market position

Kasikorn Securities set a THB 75.20 Thai Oil target on October 5, 2026.
First-quarter 2026 sales reached THB 114.81 billion.
Thai Oil stock costs EUR 1.95 at Lang & Schwarz on October 15, 2026 at 10:58 p.m. CEST, while SET shares fell 3.00 percent.
Thai Oil had a P/E ratio of 5.02 and a market capitalization of THB 162.5 billion on October 15, 2026.

Thai Oil, TH0796010013, Illustration mit AI erstellt.

Kasikorn Securities set a new THB 75.20 target for Thai Oil on October 5, 2026, putting the target 3.37 percent above the SET price of THB 72.75. The research note kept a buy recommendation as refining margins and a possible stock gain supported its third-quarter view, according to Mitihoon. Thai Oil was trading at EUR 1.95 at Lang & Schwarz on October 15, 2026 at 10:58 p.m. CEST, while its SET listing fell 3.00 percent from the prior close.

Sales provide the operating anchor

Thai Oil's investor page reports sales of THB 114.81 billion, EBITDA of THB 31.64 billion and net income of THB 19.48 billion for the first quarter of 2026. The figures show the scale of the refining business before the second-quarter result that the company reported for the period ended June 30, 2026.

The group's integrated refinery has capacity of 275,000 barrels per day, while its businesses also cover petrochemicals, power generation and lube base oil. The company describes refining, petrochemicals and electricity as its main operating pillars on its investor page.

Price position and trading range

Thai Oil closed at THB 72.75 on the SET on October 15, 2026 at 4:36 p.m. ICT. The session range was THB 72.25 to THB 74.00, with volume of 16,998,990 shares against an average of 25,629,442 shares.

The 52-week range was THB 33.00 to THB 79.00. The latest price was 8.23 percent below the yearly high and 120.45 percent above the yearly low, keeping the stock nearer the upper end of its annual band than its floor.

Valuation and next reporting date

Thai Oil had a market capitalization of THB 162.5 billion and a P/E ratio of 5.02 on October 15, 2026. The current valuation sits alongside the Kasikorn Securities target of THB 75.20 dated October 5, 2026, which is 3.37 percent above the SET price.

Thai Oil's next earnings date is listed as November 6, 2026, by Aslan.ai. That date gives investors the next scheduled checkpoint for margins, earnings and the refining outlook.

Comparison with peers

Thai Oil (SET, THB): minus 3.00 percent, P/E 5.02, market capitalization THB 162.5 billion

Star Petroleum Refining (SET, THB): plus 0.62 percent, P/E 4.12, market capitalization THB 69.8 billion

Bangchak Corporation (SET, THB): minus 2.82 percent, P/E 3.47, market capitalization THB 75.7 billion

The next market checkpoint

Thai Oil's market profile combines a 275,000-barrel-per-day refinery with a valuation below the target cited by Kasikorn Securities. The November 6, 2026 reporting date is the next scheduled event for testing whether refining margins can support the earnings outlook.

Thai Oil was trading at EUR 1.95 at Lang & Schwarz on October 15, 2026 at 10:58 p.m. CEST, while the SET price was down 3.00 percent from the prior close. The further course of trading is shown by the continuously updated real-time quote of Thai Oil stock.