Bangchak, TH0420010R18

Kiatnakin raises target to THB 69.70 for Bangchak stock

Published on 10/15/2026 at 22:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

P/E stood at 3.47 on October 15, 2026. Bangchak stock costs EUR 1.38 on October 15, 2026 at 10:57 p.m. CEST, down 2.82 percent on SET.

Valuation and target update

Kiatnakin Phatra Securities lifted its Bangchak target to THB 69.70 on September 23, 2026.
Bangchak's P/E ratio stood at 3.47 on October 15, 2026.
Bangchak stock costs EUR 1.38 at Lang & Schwarz on October 15, 2026 at 10:57 p.m. CEST, down 2.82 percent on the Stock Exchange of Thailand.
Bangchak's market capitalization stood at THB 75.7 billion on October 15, 2026.

Bangchak, TH0420010R18, Illustration mit AI erstellt.

According to Kaohoon International on September 23, 2026, Kiatnakin Phatra Securities raised its target for Bangchak from THB 44.60 to THB 69.70. Against Bangchak's October 15 SET price of THB 51.75, the new target stands 34.69 percent above the share price. Bangchak stock was trading at EUR 1.38 at Lang & Schwarz on October 15, 2026 at 10:57 p.m. CEST, down 2.82 percent on the Stock Exchange of Thailand.

Second-quarter earnings set the scale

Bangchak reported second-quarter 2026 revenue of THB 176.55 billion and net income of THB 12.24 billion. Revenue was higher than the THB 131.19 billion recorded in the first quarter, while net income increased from THB 6.14 billion. The quarter also produced diluted earnings per share of THB 8.34, compared with THB 4.17 in the first quarter.

Price stays below the yearly high

The SET quote of THB 51.75 is 14.81 percent below Bangchak's 52-week high of THB 60.75 and 113.84 percent above its low of THB 24.20, both as of October 15, 2026. Trading volume reached 14,091,558 shares, against an average volume of 21,038,747 shares. The daily move therefore came with volume below the stated average.

Valuation and market comparison

Bangchak's market capitalization stood at THB 75.7 billion and its P/E ratio at 3.47 on October 15, 2026. Its trailing dividend yield was 0.08 percent. The figures place the company in a valuation discussion shaped by refining, fuel marketing, power generation, bio-based products and natural resources.

Comparison with peers

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

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

PTT Global Chemical (SET, THB): minus 2.82 percent, P/E 59.48, market capitalization THB 233.3 billion

Trading position in euros

The euro quotation places Bangchak at EUR 1.38 in the after-hours phase at Lang & Schwarz. The Thai-market move was negative, while the stock remained well below its 52-week high and below the average trading volume recorded for the session.

Bangchak operates across refining and marketing, power generation, bio-based products and natural resources. Its second-quarter revenue of THB 176.55 billion and net income of THB 12.24 billion provide the operating backdrop for the valuation figures and the analyst target.

Bangchak was trading at EUR 1.38 at Lang & Schwarz on October 15, 2026 at 10:57 p.m. CEST, down 2.82 percent on the Stock Exchange of Thailand.

The further course of trading is shown by the continuously updated real-time quote of Bangchak stock.