PTG eyes Q4 2026 recovery, Phaisan Capital set for Q3 2027 IPO

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PTG Energy, or PTG, expects its operating results to recover in the fourth quarter of 2026 after marketing margins began to ease from the pressure seen in the first and second quarters. Rangsan Puangprang, Senior Assistant Managing Director, said government agencies and related bodies have begun to ease pressure on retail prices. The company is pressing ahead with expanding its B20 oil business, which continues to see steady demand and still receives subsidies. Its non-oil businesses are also likely to grow well in the fourth quarter of 2026, even though total oil sales volume for the full year may be affected and the company has trimmed some of its targets. On progress toward listing Phaisan Capital Co Ltd on the stock exchange, Rangsan said the plan remains unchanged, with operations expected to begin in the third quarter of 2027. The company is currently preparing its systems and documentation in line with Securities and Exchange Commission criteria. PTG holds a 33% stake in Phaisan Capital and expects that to fall to about 25% after the IPO fundraising. Sukrit Rianpinyawat, Chief Executive Officer of Phaisan Capital Co Ltd, said the company's loan portfolio currently stands at about 3.7 billion baht, nearly 90% of which is truck hire-purchase lending, and it aims to expand the portfolio to 10 billion baht within no more than five years after listing on the stock exchange.

Impact on assets 1

Electrification & Mobility▲ · 1 stocks
PTG Energy PCL
PTG
▲ PositivePricingDemandCapitalrelevance

PTG expects operating results to recover in Q4 2026 as marketing margins ease and government pressure on retail prices abates.

Off-coverage companies 1

Phaisan CapitalPrivate▲ Positive
Capitalrelevance

Phaisan Capital is preparing systems and documentation for a planned stock exchange listing in Q3 2027, aiming to grow its loan portfolio to 10 billion baht within five years.

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