Krittaporn Paungwong, Assistant Managing Director of Atlas Energy Public Company Limited (SET: ATLAS), reiterated that PTG Energy Public Company Limited (SET: PTG), as a major shareholder of ATLAS, is under a silent period condition as required by the Stock Exchange of Thailand.
PTG, classified as a strategic shareholder, has deposited 55% of its shares with Thailand Securities Depository (TSD). The remainder of PTG’s shares are under a one-year lock-up agreement with KGI Securities (Thailand) (KGI) following ATLAS’s listing on the Stock Exchange, reflecting PTG’s firm confidence in the company’s potential and growth.
The company operates a unique business model based on the “Creative Energy Retail” concept, leveraging technology and innovation to enhance products and services. Combined with a COCO (Company Owned Company Operated) management system, this allows quality control in packaging, distribution, and after-sales services, creating a strong “Power of Network.”
ATLAS also benefits from the PTG group’s ecosystem, which, as the major shareholder, facilitates rapid and efficient business connection and expansion.
The company targets comprehensive LPG business expansion nationwide, spanning households through gas filling plants, LPG shops, and increasing LPG cylinder numbers, as well as the transport sector with the “PT Auto Transform” project promoting LPG use in vehicles, and the industrial and commercial sectors. Furthermore, ATLAS plans to further develop businesses related to LPG sales and other high-potential industries in the future.
ATLAS, the distributor of LPG under the “PT” brand, leads the transport sector market share and boasts a hidden gem in its “Max Taxi Ads” taxi advertising business, which enjoys strong profitability and significant growth prospects. Revenue from this business is being used to expand service stations and business networks, driving growth opportunities and supporting a stable outlook.
Five brokerages have identified ATLAS as a promising stock, setting target prices as high as THB 5, representing an upside of 84-98% from the closing price of THB 2.52 on October 24, 2025. Beyond Securities (BYD) has set a target price at THB 5 (upside 98.41%), Globlex Securities (GLOBLEX) at THB 4.90 (upside 94.44%), KGI at THB 4.90 (upside 94.44%), Finansia Syrus Securities (FSS) at THB 4.65 (upside 84.52%), and Bualuang Securities (BLS) at THB 4.64 (upside 84.12%).
