Shares of PTG Energy Public Company Limited (PTG) rose 7.5% to 8.50 baht per share in morning trading today (September 8, 2026), with trading value exceeding 300 million baht, marking the highest level in five months. The stock price has risen over 18% since the beginning of the year. However, Yuanta Securities (Thailand) Company Limited revealed that the company has reduced its target number of Punthai coffee business branches by the end of 2026 to 2,751 branches, down from the previous 2,951 branches, but still an expansion of 600 branches from the previous year. This reduction is due to a slowdown in franchise investment proportion, while the company's own investment remains on target. The brokerage also lowered its oil sales growth forecast to -5% to flat, from a previous expectation of 3-5% growth, and reduced EBITDA growth to flat to +5%, from the previous 8-12%. Additionally, it cut the capital expenditure budget to 3-4 billion baht, from the previous 3.5-4.5 billion baht. The company maintains its net profit estimates for 2026 at 483 million baht and for 2027 at 1.1 billion baht, while adjusting the fair price at the end of 2027 to 8.80 baht and maintaining a "Buy" recommendation for medium to long-term investment.
PTG Energy PCLYuanta cut PTG's Punthai branch target, oil sales growth forecast, EBITDA growth, and capex budget, while maintaining Buy and net profit estimates — mixed analyst revisions.
