Bangchak, TH0420010R18

KKPS raises target to THB 69.70 for Bangchak stock

Published on 10/20/2026 at 18:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached THB 12.24 billion in 2026. Bangchak stock costs EUR 1.35 on October 20, 2026 at 6:36 p.m. CEST.

Analyst target and quarterly profit

KKPS raised its Bangchak target from THB 44.60 to THB 69.70 on September 23, 2026.
Second-quarter 2026 net income reached THB 12.24 billion, compared with THB 6.14 billion in the prior quarter.
Bangchak stock was quoted at EUR 1.35 at Lang & Schwarz on October 20, 2026 at 6:36 p.m. CEST.

Bangchak, TH0420010R18, Illustration mit AI erstellt.

Bangchak (ISIN TH0420010R18) faces a higher valuation bar after Kiatnakin Phatra Securities raised its target from THB 44.60 to THB 69.70 on September 23, 2026, according to Kaohoon International. The euro quote was EUR 1.35 at Lang & Schwarz on October 20, 2026 at 6:36 p.m. CEST.

Quarterly profit sets the benchmark

Bangchak reported second-quarter 2026 revenue of THB 183.55 billion and net income of THB 12.24 billion, with earnings per share of THB 8.34, according to Investing.com. Revenue increased from THB 142.53 billion in the prior quarter, while net income rose from THB 6.14 billion. That sequential comparison gives the target revision a recent operating reference.

What does the target imply?

KKPS's THB 69.70 target is 37.34 percent above Bangchak's SET price of THB 50.75 on October 20, 2026, calculated in the same currency. The recommendation was Buy, and the research firm forecast 2026 net profit of THB 27.40 billion, up from THB 5.60 billion, according to Kaohoon International.

Range and valuation frame

Bangchak's SET quote stood at THB 50.75 at 4:36 p.m. ICT on October 20, 2026, while the 52-week range was THB 24.20 to THB 60.75. The price was 16.46 percent below the yearly high. The market capitalization was THB 74.20 billion and the price-to-earnings ratio was 3.40.

The latest quarterly figures were published for the period ended in the second quarter of 2026. Investing.com also lists a 7.61 percent dividend yield and a 12-month average analyst target of THB 61.03 based on 14 analysts, although the individual KKPS target is the more recent dated revision used here.

Stock stays below its yearly high

The combination of a 16.46 percent gap to the 52-week high and a target 37.34 percent above the SET quote leaves valuation expectations tied to refinery profitability and forecast earnings. Bangchak's first-half 2026 net income was THB 18.40 billion, while its reported gross refining margin reached USD 18.50 per barrel, according to Kaohoon International.

Price after the Xetra session

Bangchak was trading at EUR 1.35 at Lang & Schwarz on October 20, 2026 at 6:36 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Bangchak stock.