PTTGC shares jumped sharply to close the morning session at 42.75 baht, up 3.75 baht or 9.62%, with turnover exceeding 3.3 billion baht, after Morgan Stanley raised its target price by 37.21% to 59.00 baht from 43.00 baht, supporting buying from institutions and foreign investors. Second-quarter 2026 net profit came in at 12.208 billion baht, up 277.7% from the previous quarter and a turnaround from a loss compared with a year earlier, beating consensus forecasts by as much as 30%, driven by a recovery in the olefins business and a cost-advantaged gas-based production structure. The company also expects an interim dividend for the first half of 2026 of about 1.00 baht per share. In addition, joint venture WHA-GC approved the sale of assets into the WHART trust worth more than 2.508 billion baht, helping boost liquidity and strengthen its financial structure.
PTT Global Chemical Public Company LimitedMorgan Stanley raised target price to 59 baht and Q2 2026 net profit beat consensus by 30%.
Morgan StanleyJoint venture WHA-GC approved asset sale to WHART trust, boosting liquidity and financial structure.
