BCP Shares Surge 8% After Announcing 3 Baht Dividend; Broker Sees Strong H2 Earnings

Corporate ActionAnalyst

โดย Kaohoon·

Summary · why it matters

Shares of Bangchak Corporation Public Company Limited (BCP) rose 7.54% to 53.50 baht after the company announced an interim dividend for the first half of 2026 at 3 baht per share, representing a dividend yield of 6.0%. The ex-dividend date is September 7, and the payment date is September 17. Land and Houses Securities maintains a "Buy" recommendation and expects second-half earnings to continue growing strongly year-on-year, albeit lower than the first half which had a high base. This is supported by new businesses such as sustainable aviation fuel (SAF) and oil retail in Hong Kong, which will contribute full-quarter results for the first time in Q3/2026. Meanwhile, EBITDA from the trading business is expected to grow 2.5 times, and OKEA's oil and gas selling prices are expected to rise 30-40%. There is also potential for special gains from the sale of the Mistral petroleum field and BCPG's gas-fired power plant in the United States.