PSL surges 7.6% after Q2 2026 profit rebounds to 521 million baht, broker lifts target to 10 baht

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Summary · why it matters

PSL shares rose 7.60% to 9.20 baht in morning trade on 7 August 2026, after Precious Shipping reported a second-quarter 2026 net profit of 521 million baht, swinging back into the black on recovering demand for commodity shipping. Analysts at Kasikorn Securities raised their 2026–2028 net profit forecasts and lifted the target price to 10.00 baht per share, reflecting better-than-expected freight rates. The Baltic Dry Index also strengthened in early August on seasonal agricultural and industrial raw material shipping demand.

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