Mr. Poramate Sanguanchokewanich, Chief Strategy and Transformation Officer of PTG Energy Public Company Limited (SET: PTG), revealed the trend of the company’s 2Q25 performance, forecasting a continued growth from the last quarter and the same period last year
This possible high performance is due to the start of the tourist and agriculture season that lifts the oil demand, boosting the overall business. Although the competitors are marketing strongly, the company still estimated that its revenue will reach the aiming target.
This year, PTG is still focusing on expanding business networks in all dimensions, preparing to develop ecosystems that support consumer’s new behaviour. The company aims for a 5 – 10% YoY increase in sales volume due to the support from the on-going expansion of the PT station network. At the end of 1Q25, there were 2,237 PT stations, and by the end of 2025, PTG aims to have 2,279 stations.
Beside the expansion of PT stations branch, the other support factors are the oil margin, which its direction seems to be heading slightly higher than last year, and the marketing cost that rose significantly YoY. Furthermore, the membership of PT Max Card and PT Max Card Plus also increased as its figure now reached 25 million people.
In the Non-oil business, Punthai Coffee shops are still the main supporting factor due to the continued branch expansion. At the end of 1Q25, there were 1,476 branches. The company aims to have 1,947 branches by the end of the year with an estimated 1.5 branch openings per day. Due to this rate, the non-oil business seems to grow continuously this year.
Furthermore, there is also support from the current branch that continues growing due to the rising demand of members and regular customers.
PTG also plans to expand Autobacs, Max Mart, and Subway, which are the essential touchpoints that support the business ecosystem. The company aims to increase the revenue of Non-oil business, excluding LPG, by 40-50% YoY.
Krungsri Securities recommended a “Buy” rating, with a target price of THB 10.5 per share. The securities company speculated that the company’s good performance trend would last from 2Q25 to 2026. Furthermore, Punthai Coffee shops in the Non-oil business would support the revenue to grow about 28% between 2025 to 2026.
