Krungsri Securities expects Star Petroleum Refining, or SPRC, to post a net profit of approximately 6.402 billion baht in the second quarter of 2026, swinging from a net loss of 812 million baht in the same period last year. Core operating profit is projected at 6.707 billion baht, up 3,386 percent from a year earlier and up 314 percent from the previous quarter, supported by a higher refining margin of around 20.7 dollars per barrel amid tight oil supply and strong product spreads. The research team has raised its 2026 core profit forecast by 303 percent to 14.873 billion baht and lifted the target price to 11.50 baht per share, while maintaining a buy recommendation. The company is expected to pay a high dividend, implying a dividend yield of about 15 percent.
Star Petroleum Refining Co LtdKrungsri Securities expects strong Q2 profit swing and raises target price to 11.50 baht with buy recommendation.