PRM Expands Chemical Tanker Investment to Diversify Portfolio and Reduce Risk

Earnings
โดย HoonVision·TH·Read original
Summary · why it matters

Prima Marine or PRM has revealed its outlook for the second half of 2026, stating that the PCT business group will be supported by domestic economic and transportation activities, accelerated government budget disbursement, and high-season tourism. Meanwhile, the company is expanding its investment in chemical transport vessels to diversify its portfolio and reduce long-term risks from changes in the gasoline market due to the growth of electric vehicles. It plans to strengthen the PCT fleet through a new CPP Tanker construction project of six vessels, with the first delivery scheduled between October 2026 and April 2027. As for the FSU business, it maintains high vessel utilization rates, while OSV is supported by petroleum exploration activities in the Gulf of Thailand. In the second quarter of 2026, total revenue was 2,317.1 million baht, up 4.5%, and net profit was 580.5 million baht, up 20.3%. In the first half of the year, revenue was 4,428.6 million baht, up 3.3%, and net profit was 1,209.4 million baht, slightly down due to special items in the previous year, but operating profit grew 28.9%.

Impact on stocks 1

Energy · 1 stocks

Off-coverage companies 1

OneSource VirtualPrivate± Mixed
relevance