TASCO shares rose more than 5% after brokers assessed the possibility that the company could resume importing crude oil from Venezuela, supporting better gross margins and production yields. At 10:12 a.m., the stock was up 5.71% at 14.80 baht, with trading value of 246.52 million baht. Yuanta Securities Thailand noted that TASCO was once a key customer of PDVSA before US sanctions in 2019, and Venezuela is now exporting an average of 1.0 to 1.2 million barrels per day, with South Korean refineries already importing Venezuelan oil for quality testing, a positive signal for TASCO. The broker expects that if imports resume, they would likely start in 2027 or at the earliest by late fourth quarter of 2026, helping boost 2026 profit forecast of 1.56 billion baht, up 57.3% from the previous year, with a fair value of 17.40 baht and a chance to raise the target to 19 to 20 baht.
Tipco Asphalt Public Company LimitedBrokers see chance to resume Venezuelan crude imports, boosting margins and profit.