Thai Oil stock gained 5.94 percent as refining outlook firms

Published on 10/07/2026 at 03:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thai Oil stock climbed to THB 75.75 on October 6, 2026, near its yearly high. Second-quarter revenue reached THB 134.97 billion, while net income fell to THB 8.28 billion.

Thai Oil, TH0796010013, Illustration mit AI erstellt.

Thai Oil stock (ISIN TH0796010013) gained 5.94 percent to THB 75.75 on the Stock Exchange of Thailand on October 6, 2026, putting the refinery operator at its 52-week high of THB 76.25. The move followed a new outlook from Kasikorn Securities on refining margins and third-quarter earnings, reported by Mitihoon on October 5, 2026.

Second-quarter revenue rises 10.2 percent

Thai Oil reported second-quarter 2026 revenue of THB 134.97 billion, up from THB 122.46 billion in the first quarter. The figures come from Investing.com, which identifies the latest reporting period as ending June 30, 2026.

The earnings mix was weaker despite the higher sales base. Net income fell from THB 19.48 billion in the first quarter to THB 8.28 billion in the second quarter, a decline of 57.5 percent, while earnings per share decreased from THB 8.72 to THB 3.71. For investors, the comparison points to the sensitivity of Thai Oil's profit to refining margins and inventory effects.

Analyst target stays below the price

Kasikorn Securities kept a Buy recommendation and set a new price target of THB 75.20, according to Mitihoon on October 5, 2026. The note linked the third-quarter outlook to higher refining margins and a possible stock gain.

The broader consensus is less optimistic on valuation than the latest market price. Investing.com lists a Buy consensus from 19 analysts, with an average target of THB 73.55, a high target of THB 94.00 and a low target of THB 30.00. At THB 75.75, the price lies 2.90 percent above the average target.

Stock reaches the yearly high

Thai Oil's October 6 price was THB 0.50 below the 52-week high and more than double the 52-week low of THB 33.00. The latest market capitalization was THB 169.2 billion, with volume of 31,804,679 shares, giving the rally a measurable market footprint.

The share was last at THB 75.75 on October 6, 2026, at 4:37 p.m. ICT. The key test for the stock is whether third-quarter refining conditions can support earnings after the second-quarter profit decline.