Thai Oil stock stood 3.26 percent below its THB 75.20 target on October 15, 2026

Published on 10/17/2026 at 19:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter 2026 sales reached THB 114.81 billion. Thai Oil stock last stood at THB 72.75 on October 15, 2026, down 3.00 percent from THB 75.00.

Target and operating signals

Mitihoon cited a THB 75.20 Thai Oil target on October 5, 2026.
First-quarter 2026 sales reached THB 114.81 billion.
Thai Oil stock last stood at THB 72.75 at 4:36 p.m. ICT on October 15, 2026, down 3.00 percent versus the SET previous close of THB 75.00.
Thai Oil's next earnings date is November 6, 2026, while its P/E ratio is 5.02.

Thai Oil, TH0796010013, Illustration mit AI erstellt.

A report by Mitihoon on October 5, 2026 cited a THB 75.20 target for Thai Oil, leaving the last price of THB 72.75 3.26 percent below that level. Thai Oil reported first-quarter 2026 sales of THB 114.81 billion and EBITDA of THB 31.64 billion. The SET-listed refiner last stood at THB 72.75 on October 15, 2026 at 4:36 p.m. ICT, down 3.00 percent versus the SET previous close of THB 75.00.

Target gap shapes the stock view

The target leaves a 3.26 percent gap between the latest SET price and the cited THB 75.20 level. The comparison is narrow enough to keep the analyst view relevant, but the stock still needs a fresh operating catalyst to close it.

Sales and refining scale

Thai Oil's first-quarter 2026 sales of THB 114.81 billion provide the main operating reference. EBITDA reached THB 31.64 billion and net income was THB 19.48 billion in the same period, according to the company's investor materials. Its refinery has capacity of 275,000 barrels per day, giving the group exposure to refining margins as well as petrochemicals, lubricants and power.

Price position and valuation

The SET price range for the latest quoted session was THB 72.25 to THB 74.00, with an opening level of THB 73.50. Trading volume reached 16,998,990 shares against an average of 24,802,010 shares. The 52-week range was THB 33.00 to THB 79.00, placing the latest price 8.54 percent below the high and 120.45 percent above the low.

Thai Oil had a market capitalization of THB 162.5 billion and a P/E ratio of 5.02 as of October 15, 2026. The trailing dividend yield was 0.03 percent. Aslan lists November 6, 2026 as the next earnings date.

Comparison with peers

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

PTT (SET, THB): plus 0.61 percent, P/E 9.45, market capitalization THB 1,161.3 billion.

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

What comes next for the valuation

The next earnings date on November 6, 2026 is the clearest scheduled checkpoint. Until then, the valuation comparison points to a lower P/E than PTT and a smaller market value, while the 52-week position keeps the stock well below its recent high.

The further course of trading is summarized by the dated SET quotation, the target gap and the November reporting date.