SBI Thai Online Securities Company Limited, in an analysis dated October 2, 2026, selected PTG Energy Public Company Limited, or PTG, as a Top Pick stock, taking a positive view of its second-half 2026 earnings outlook on the recovery of the oil business alongside the expansion of its non-oil business. For its second-quarter 2026 results, PTG reported a net profit of 74 million baht, up 76.3% from the same period a year earlier, and a turnaround to profit from a loss of more than 205 million baht in the first quarter of 2026. Revenue from sales and services came to approximately 61.9 billion baht, up 9.5% from a year earlier and 8.9% from the previous quarter. The oil business was supported by improved marketing margins, with gross profit per liter at about 1.83 baht per liter, up from 1.66 baht per liter in the second quarter of 2025 and 1.29 baht per liter in the first quarter of 2026. Meanwhile, the non-oil business, especially the Punthai coffee brand, continued to grow on branch expansion, with about 2,467 branches as of the end of the second quarter of 2026, and the company aims to expand to about 2,751 branches by the end of 2026. SBI estimates PTG's EBITDA growth at around 0-5% from a year earlier. PTG's share price at the time of the analysis was 8.30 baht, while the average consensus target price for 2026 stood at 8.40 baht.
PTG Energy PCLSBI Thai Online Securities names PTG a Top Pick with an 8.40 baht target, citing improved earnings outlook.
SBI Holdings IncorporatedPunthai coffee brand continued to grow on branch expansion, reaching about 2,467 branches.
