Thai Oil stock gets a THB 75.2 target on its Q3 outlook

Published on 10/08/2026 at 05:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thai Oil stock was trading at THB 76.25 on October 8, 2026, down 1.93 percent from the prior close. Q1 revenue reached THB 114.809 billion.

Thai Oil, TH0796010013, Illustration mit AI erstellt.

Thai Oil stock (ISIN TH0796010013) was trading at THB 76.25 on the SET on October 8, 2026, at 10:02 a.m. ICT, down 1.93 percent from the prior close of THB 77.75. The latest analyst view puts the Q3 earnings outlook at the center of the debate.

Kasikorn sets THB 75.2 target

Mitihoon reported on October 5, 2026, that Kasikorn Securities kept a Buy recommendation and set a new target price of THB 75.2 for Thai Oil.

The report linked the Q3 outlook to higher refining margins and a possible stock gain. It also cited a price-to-book valuation of 0.6 times, giving investors a concrete measure of how the broker frames the opportunity.

Q1 figures show the earnings base

Thai Oil's Q1 2026 revenue was THB 114.809 billion, while EBITDA reached THB 31.641 billion and net income stood at THB 19.481 billion, according to Thaioil Group.

Those figures place the Q3 discussion against a profitable first quarter, although the business remains exposed to refining margins and inventory valuation effects. Thai Oil operates an integrated refinery with capacity of 275,000 barrels per day, according to Thaioil Group.

Consensus remains below the market price

Investing.com lists a Buy consensus from 19 analysts, with an average 12-month target of THB 73.55, a high estimate of THB 94 and a low estimate of THB 30. The average target is THB 2.70 below the October 8 price.

The market data also put the share at THB 2.75 below its 52-week high of THB 79 and above its 52-week low of THB 33. The market capitalization was THB 170.3 billion and volume stood at 156,800 shares at the quoted time.

Investing.com lists November 11, 2026, as Thai Oil's next earnings date. That report will test whether the margin improvement highlighted by Kasikorn Securities is translating into quarterly profit.

Thai Oil stock trades below its high

Thai Oil stock was trading at THB 76.25 on the SET on October 8, 2026, with the session range at THB 76.25 to THB 77.25. The combination of a Q3 margin thesis and an average analyst target below the market price leaves the upcoming results as the next quantified checkpoint.