Precious Shipping Public Company LimitedOil price surge lifts freight rates, benefiting shipping companies.
Brent crude oil prices soared to $90.38 per barrel, up $2.28 or 2.60%, amid escalating concerns over US-Iran war risks. This pushed PTTEP shares up 1.50 baht or 1.03% to 147 baht, and TOP rose 1.25 baht or 2.02% to 63.25 baht. Meanwhile, petrochemical stocks like PTTGC gained 0.75 baht or 2.03% to 37.75 baht, and SCC added 2 baht or 0.79% to 256 baht. On the other hand, hospital and transport stocks faced selling pressure, with BH falling 3 baht or 1.61% to 183.50 baht, and AOT dropping 0.75 baht or 1.17% to 63.25 baht. DELTA tumbled to 292 baht before recovering to 296 baht, down 4 baht or 1.33%. In contrast, PSL surged 0.50 baht or 6.49% to 8.20 baht, tracking higher freight rate indices.
Precious Shipping Public Company LimitedOil price surge lifts freight rates, benefiting shipping companies.
Airports Of Thailand PCLHigher oil prices increase jet fuel costs, pressuring airline demand and airport traffic.
Thai Oil Public Company LimitedBrent crude surge directly benefits TOP as a refinery stock.
PTT Exploration and Production Public Company LimitedHigher oil prices directly increase revenue for oil exploration and production.
PTT Global Chemical Public Company LimitedBrent crude surge lifts petrochemical stocks as higher oil prices support product margins.
The Siam Cement Public Company LimitedBrent crude surge lifts petrochemical stocks as higher oil prices support product margins.
Bumrungrad Hospital PCLRising oil prices may reduce patient spending on elective medical tourism.
Delta Electronics (Thailand) Public Company LimitedHigher oil prices increase input costs for electronics manufacturing.