Prima Marine shares, or PRM, have received buy recommendations from leading brokers, who assess that earnings are entering a strong growth phase from the second quarter of 2026 onward. Analysts forecast normalized profit for the second quarter of 2026 will reach as high as 550 million baht, as Middle East tensions spur oil storage demand, driving utilization rates for the company's five floating storage units to 100 percent, up from the normal 85 to 95 percent, while its entire fleet of 71 vessels continues to operate normally. A weaker baht also boosts US dollar-denominated revenue when converted back to baht. For the second half of 2026, analysts see profit growing both quarter-on-quarter and year-on-year in every quarter, with FSU utilization expected to remain at 100 percent through year-end, and the company preparing to bring three new product tankers into service, which will help increase revenue and margins. Finansia Syrus Securities has raised its target price to 11.70 baht, while Yuanta Securities has set a new target of 12.00 baht. Additionally, PRM offers a projected 2026 dividend yield as high as 5.6 to 6.0 percent.
Prima Marine Public Company LimitedMiddle East tensions boost oil storage demand, driving FSU utilization to 100%.