OR confident of Q3 recovery after Q2 trough, pushing EV to 10% of Mobility portfolio

eFinanceThai··THBD·Read original
3▲2 ▼0Impact / 5
Summary · why it matters

PTT Oil and Retail Business Public Company Limited, or OR, expects third-quarter 2026 earnings to recover to normal levels after the second quarter marked the year's low point due to volatile oil prices. This caused a stock loss of about 8 to 9 billion baht and a net realizable value reserve of around 2 to 2.3 billion baht, totaling approximately 11 billion baht. Inventory levels that had been 2 to 3 days above normal have now returned to normal. The company plans to adjust its business portfolio over the next 5 to 6 years, targeting electric vehicle business at 10 percent of its Mobility portfolio. It is also accelerating expansion of its Lifestyle business by partnering with Minor International to grow four food brands, with a short-term target of 150 branches, and expects long-term EBITDA margin of no less than 15 percent. OR has also opened its first Cafe Amazon branch in Bangladesh, with an initial target of 100 outlets. As for receivables from the Oil Fuel Fund, at the end of June 2026 they stood at 14 to 16 billion baht, with the fund having already gradually repaid 7 to 8 billion baht.

Impact on assets 2

Electrification & Mobility▲ · 1 stocks
Consumer Discretionary▲ · 1 stocks
© 2026 MarketIVNews