Asia Plus Securities forecasts that PTT Global Chemical's net profit in the second quarter of 2026 will jump to around 10.5 billion baht, up from 3.2 billion baht in the previous quarter. The main driver is a 131 percent surge in normalised operating profit compared with the prior quarter, with all business units returning to profitability. The olefins and polymers petrochemical business stands out, lifted by average product spreads widening by 200 to 400 US dollars per tonne and higher utilisation rates. The research team has raised its full-year 2026 profit estimate to 19 billion baht, maintained a buy recommendation with a target price of 42 baht per share, and expects a full-year dividend of 1.5 baht per share, implying a dividend yield of around 4.0 percent.
PTT Global Chemical Public Company LimitedAnalyst forecasts Q2 2026 profit surge to 10.5B baht, raises full-year estimate, maintains buy with target price 42 baht.
