Tipco Asphalt Public Company LimitedTASCO
▲ PositiveSupplyrelevance
Venezuela leaving OPEC reduces supply risks and TASCO resumed buying Venezuelan oil, boosting supply and margins.
Impact on stocks 1
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Tipco Asphalt Public Company LimitedTASCO shares rose 2.38% to 17.20 baht after news that Venezuela is preparing to leave OPEC. Krungsri Securities views this as positive in the long term, as it reduces policy and sanctions risks on crude oil supply from Venezuela. Although in the short term, supply may not increase immediately due to infrastructure problems. Meanwhile, TASCO has just resumed buying oil from Venezuela for the first time in six years, with the first delivery of 600,000 barrels at the end of July. This is expected to help increase supply and margins in the long term, with potential for profit to rise to 2-2.2 billion baht per year. Krungsri Securities maintains a "Buy" recommendation with a 2027 target price of 18.9 baht.
Tipco Asphalt Public Company LimitedVenezuela leaving OPEC reduces supply risks and TASCO resumed buying Venezuelan oil, boosting supply and margins.