Shares of Bangchak Corporation Public Company Limited (BCP) rose 2.69% to 57.25 baht after brokers turned positive on the company's 2026 profit outlook, which is expected to grow by 986% due to high refining margins and the "Bangchak 100X" strategy targeting revenue of 1 trillion baht by 2031. ASL Securities stated that BCP's net profit in 2026 is expected to be around 31 billion baht, up 986% from the previous year, supported by refining margins expected at $18.4 per barrel compared to $6.72 per barrel in 2025, and refining volumes increasing to 274,000 barrels per day. Total revenue is expected to grow 24.5% to 630 billion baht, driven by the acquisitions of Esso (Thailand) and Chevron Hong Kong, as well as the start of sustainable aviation fuel (SAF) sales. ASL Securities recommends a "Buy" rating with a 2027 target price of 63 baht and expects a dividend yield of around 12% in 2026.
Bangchak Corporation Public Company LimitedBroker turns positive, raising BCP's 2027 target price to 63 baht on a 986% 2026 profit surge from high refining margins.
