Brokers assess that PTG Energy has passed the trough of its earnings, expecting a second-quarter 2026 net profit of about 109 million baht, swinging from a loss of 205 million baht in the first quarter. Although still down year-on-year, oil sales volumes have started recovering since May, while oil marketing margins remain robust above 1.80 baht per litre. The non-oil business continues to stand out, especially Punthai coffee, which has expanded to 2,468 branches, driving non-oil gross profit growth of around 30 percent from a year earlier. Trinity Securities upgraded its recommendation to buy with a target price of 8.60 baht, while Krungsri Securities maintains a buy rating with a target price of 9.50 baht, viewing long-term fundamentals as still strong.
PTG Energy PCLBrokers upgrade and maintain buy ratings with higher target prices, citing earnings recovery and strong non-oil growth.
