The share price of PTT Oil and Retail Business Public Company Limited (SET: OR) on Monday peaked at THB 13.90 before dropping to a low and closing at THB 13.70, down THB 0.10 or 0.72%, with a trading value of THB 156.39 million.
Krungsri Securities noted that the news regarding the bombings at 11 PTT stations in the southern region is a negative event for OR in terms of safety concerns. However, the impact on operating performance is not expected to be significant.
Sales volume from the 11 stations affected by the bombings accounts for approximately 0.37% of the oil retail segment, or 0.16% of total oil sales. Only 1 station is directly owned and operated by the company, and damage to assets (fuel dispensers/signage) is covered by insurance.
OR has around 58 stations in the three southern border provinces, representing about 2% of all branches, while sales volume makes up 1% of total oil sales.
Nevertheless, Krungsri maintains a “Buy” recommendation on OR, with short-term pressure stemming from the impact in Cambodia, oil price volatility, and southern border unrest, viewing this as an opportunity to “accumulate.”
These factors do not change the recovery trend of the core Mobility business, where gross profit per liter is rebounding as state intervention trends downward. The Lifestyle business continues to expand through branch openings and the growing coffee market, supporting profit growth in 2025-2026 at 23% CAGR.
Prasert Sinsukprasert, Permanent Secretary of the Ministry of Energy, stated that regarding the bombing of 11 PTT stations in the south, he has initially ordered other oil retailers to practice caution and tighten security, though there is no need to increase oil reserves yet. OR management has reported to the Ministry of Energy and has conferred with dealers and insurers to provide support for those affected.
Veerapat Kiatfuengfoo, Deputy Permanent Secretary and Spokesperson of the Ministry of Energy, stated that he has ordered local officials, provincial energy officers, and oil retailers to coordinate with security agencies for strict monitoring of all petrol stations and energy infrastructure.
The focus is on the safety of station employees and customers. Continuous reporting has been mandated so that central authorities can provide timely support in case of emergencies.
For fuel management, the Department of Energy Business and Section 7 oil retailers have been tasked to inspect oil stocks in the southern border provinces to ensure adequate reserves and avoid shortages in the event of route closures or transportation restrictions, as well as prepare contingency plans for alternative fuel logistics to maintain energy security in the area.
