Yuanta Securities forecasts that PTT Global Chemical Public Company Limited, or PTTGC, will post a net profit of 9.5 billion baht in the second quarter of 2026, up 193 percent from the previous quarter and a turnaround from a loss compared to the same period last year. This marks the highest quarterly profit since the second quarter of 2021, driven mainly by a strong petrochemical business. Aromatics benefited from co-product spreads tracking diesel prices, olefins recovered after maintenance shutdowns and higher global spreads, Allnex cost reduction measures, higher profit sharing from PP and PVC spreads, and dividend income from GPSC. This was despite recognizing oil stock losses and hedging losses totaling 2.2 billion baht, and setting aside a 1.8 billion baht provision for Polyols business restructuring. The analyst maintains a buy rating and a target price of 45.00 baht, viewing the share price as a laggard compared to refinery stocks which have risen an average of 37 percent over the past month. A first-half 2026 dividend of 1.00 baht per share is expected, representing a yield of 2.7 percent.
PTT Global Chemical Public Company LimitedYuanta forecasts 193% net profit surge, maintains buy rating and 45 baht target.
Global Power Synergy PCLAllnex cost reduction measures contribute to PTTGC's profit improvement.