IRPC Public Company LimitedIRPC
± MixedCapitalrelevance
Analyst recommends speculative buy with target price, but profit forecast cut 65% QoQ and share price fell 3.7% on the day.
Impact on assets 1
Energy
IRPC Public Company LimitedYuanta Securities Thailand recommends a speculative buy on IRPC shares with a target price of 2.30 baht, forecasting a net profit of 2.8 billion baht for the second quarter of 2026, down 65 percent from the previous quarter but an improvement from a loss in the same period last year. The profit decline stems from higher crude oil costs, delayed petrochemical selling prices, diesel price reduction measures, and stock losses. The research team has revised its 2026 profit forecast to 11 billion baht, reflecting better-than-expected operating results and heightened war tensions. The second half of the year remains volatile even though oil prices and crack spreads are accelerating due to war and supply disruptions, with high uncertainty from regulatory risk, crude costs, and potential stock losses if the war de-escalates. In the short term, supportive factors include intensifying war, the possibility of a first-half dividend payment, and upward market estimate revisions, but the share price has already partly priced in the positive news from the second-quarter 2026 results. IRPC shares traded at 2.08 baht in the afternoon, down 0.08 baht or 3.70 percent, with a turnover of 285.56 million baht.
IRPC Public Company LimitedAnalyst recommends speculative buy with target price, but profit forecast cut 65% QoQ and share price fell 3.7% on the day.