On Thursday at 2:48 PM (Bangkok time), the share price of Bangchak Corporation Public Company Limited (SET: BCP) jumped by 10.19% or THB 2.75 to THB 29.75, with a trading value of THB 1.49 billion.
UOB Kay Hian Securities (Thailand) stated that the increase in BCP’s share price could be linked to investors’ resilience post the company’s removal from the SET50 index.
Moreover, the analyst pointed out that BCP possesses a robust foundational catalyst among oil refinery stocks, particularly benefiting from the recovery in refinery prices and the upcoming launch of the SAF project in the second quarter of 2025, which is expected to drive growth throughout the year.
The analyst gives a ‘BUY’ recommendation for BCP, setting a target price at THB 45 per share.
In addition, the Stock Exchange of Thailand (SET) has disclosed the top five stocks with the highest trading volumes through Program Trading. BCP leads the pack with 38.85% of the total volume, followed by RBF, PROEN, SNPS, and IVF.
