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Bangchak Corporation Public Company Limited (BCP) maintains a solid market capitalization of THB 78.3 billion as of October 8, 2026, even as its share price continues to hover 12.3 percent below its 52-week peak of THB 60.75. Despite the recent price trajectory, the company’s strategic initiatives in the sustainable energy sector are gaining significant industry recognition.
According to reports from Mitihoon, Bangchak Group secured the second runner-up award on October 2 for its pioneering sustainable aviation fuel (SAF) project. The accolade specifically recognized the company’s 'Smart Circular UCO Ecosystem,' an integrated platform that digitizes the tracking and logistics of used cooking oil (UCO) collection before its conversion into bio-based aviation fuel.
Data from the project's commercial pilot phase, conducted between March and June 2026, demonstrated the program's efficiency by collecting 10,129 kilograms of UCO from six designated points. This streamlined approach resulted in a substantial 26 percent reduction in logistics costs. While these figures represent a pilot scale, they provide Bangchak with a concrete operational framework for its long-term energy transition strategy, proving a measurable link between waste management efficiency and future SAF production volumes.
Financial analysts remain optimistic about the company’s valuation. On September 23, 2026, Kaohoon International noted that Kiatnakin Phatra Securities (KKPS) significantly increased its target price for Bangchak from THB 44.60 to THB 69.70, maintaining a 'Buy' recommendation. This revised target suggests a potential upside of 30.9 percent over the October 8 market price of THB 53.25.
Further supporting this bullish sentiment, a consensus of 13 analysts tracked by Investing.com has assigned Bangchak a 'Strong Buy' rating. The group has set an average 12-month price target of THB 58.13, with estimates ranging from a high of THB 75 to a low of THB 47. The average target sits approximately 9.2 percent above current market quotes.
On the Stock Exchange of Thailand, Bangchak stock was last quoted at THB 53.25 on October 8, 2026, at 11:14 a.m. ICT. This reflected a modest 0.93 percent decline from the previous close. The day's trading range fluctuated between THB 52.75 and THB 53.75, with a total volume of 372,600 shares changing hands.
Source: AD HOC NEWS