TASCO shares closed the morning session at 16.00 baht, up 1.30 baht or 8.84%, driven by two key supportive factors. The company disclosed progress on a spot contract to purchase about 600,000 barrels of crude oil from Venezuela, which yields roughly 70% asphalt compared with only about 50% from other sources, helping lower production costs and supporting a significant recovery in gross margin. Several brokers, including Krungsri Securities and Yuanta Securities, raised their earnings forecasts and new target prices to a range of 18.90 to 20.00 baht after second-quarter 2026 results and the Venezuelan oil issue provided support. They expect second-half performance to enter the high season, helped by accelerated government budget disbursement and road construction work in Thailand and Indonesia, while global asphalt prices remain elevated.
Tipco Asphalt Public Company LimitedResuming Venezuelan oil purchases lowers production costs and boosts gross margin.
