Thai Oil (TOP) Hits 8-Year High Amid Positive Outlook

MGR Online•Economy•10d ago

Reader Briefing

Thai Oil Public Company Limited (TOP) shares reached an 8-year high on September 9 following positive growth expectations and expansion plans.

•TOP shares closed at 70 baht on Wednesday, September 9, marking the highest closing price in 8 years.
•The Clean Fuel Project (CFP) is expected to be completed in the second quarter of 2027.
•PTT Public Company Limited is the largest shareholder of TOP with a 45.03% stake.
•TOP will pay an interim dividend of 1.40 baht per share on September 24.

•TOP shares closed at 70 baht on Wednesday, September 9, increasing by 3.25 baht with a trading value of 4,110.84 million baht.
•Investors are purchasing TOP due to expectations of high earnings growth this year and stimulation from rising crude oil prices.
•A major oil company from Saudi Arabia is reportedly interested in investing in refineries within the PTT Public Company Limited group.
•The Clean Fuel Project (CFP) with a value of approximately 7,151 billion US dollars is scheduled for completion in the second quarter of 2027.
•Completion of the CFP will increase TOP's refining capacity to 400,000 barrels per day from the current 275,000 barrels per day.
•TOP went XD on Wednesday, September 9, meaning new buyers are not entitled to the 1.40 baht interim dividend payable on September 24.
•TOP has a P/E ratio of 4.61 times and a dividend yield of 2.70%.
•Analysts note that TOP is in the commodity group with cyclical ups and downs, requiring short-term speculators to time entries and exits carefully.

Full article content is available on the original source.

Thai Oil Public Company Limited(บริษัท ไทยออยล์ จำกัด (มหาชน))

A company whose stock (TOP) reached an 8-year high and is implementing the Clean Fuel Project.

PTT Public Company Limited(บริษัท ปตท. จำกัด (มหาชน))ℹ️

The largest shareholder of Thai Oil Public Company Limited with a 45.03% stake.

Vayupak Fund(กองทุนวายุภักษ์)

One of the institutional investors holding shares in Thai Oil Public Company Limited.

Sunan Srichantra(สุนันท์ ศรีจันทรา)

The author of the report on Thai Oil Public Company Limited.