Thai Oil PCL
Thai stocks · SET · Resources · Energy and utilities
Refines crude oil into finished fuels, sold mainly to domestic oil traders, so profit rises and falls with the spread between finished-fuel and crude prices (the refining margin) and the price of oil in inventory
For every 100 baht of sales: cost of sales 97 · operating expenses 1 · other income adds 1 · other income after tax adds 0 · leaving 4 as net profit
Investors in Thailand can buy TOP through 8 mutual funds open to retail investors. Every one of them buys the stock directly.
| Fund | TOP weight | How it invests | 1-year return |
|---|---|---|---|
 SCBLARGEASCB Thai Equity Large-Cap Multi-Factor Portfolio | 7.48% | Buys the stock directly | +30.23% |
 MEGA20THAIESGMEGA 20 THAILAND ESG FUND | 6.54% | Buys the stock directly | +24.55% |
| MEGATX8020C-LMEGA 20 THAILAND ESG EXTRA FUND 80-20 C | 6.06% | Buys the stock directly | +17.06% |
| MEGATX8020U-LMEGA 20 THAILAND ESG EXTRA FUND 80-20 U | 5.91% | Buys the stock directly | +20.79% |
 ES-EQDSSFXEastspring Equity Dividend SSFX | 5.06% | Buys the stock directly | +19.68% |
| SCBLT3SCB Thai Active Growth Equity Fund | 3.92% | Buys the stock directly | +22.51% |
 K-ENERGYK Energy Sector Index Fund | 3.89% | Buys the stock directly | +40.99% |
 KKP DIVIDENDKKP DIVIDEND EQUITY FUND | 3.73% | Buys the stock directly | +28.60% |
Yearly average over the last 3 years · Latest annual sales 395.7B THB
For every 100 baht of sales, about 4 baht is left as net profit
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
Now 22.2% below its 1-year high
| Item (THB) | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Total revenue | 529.6B THB | 469.2B THB | 466.8B THB | 395.7B THB |
| Gross profit | 48.5B THB | 33.1B THB | 16.8B THB | 13.7B THB |
| Operating profit | 46.4B THB | 28.3B THB | 16.4B THB | 14.0B THB |
| Net profit | 32.7B THB | 19.4B THB | 10.0B THB | 14.6B THB |
| EPS (diluted) | 15.63 | 8.70 | 4.46 | 6.53 |
| Gross margin | 9.1% | 7.0% | 3.6% | 3.5% |
| Operating margin | 8.8% | 6.0% | 3.5% | 3.5% |
| Net margin | 6.2% | 4.1% | 2.1% | 3.7% |
| Operating cash flow | 43.3B THB | 28.1B THB | 39.4B THB | 48.8B THB |
| Free cash flow | 11.3B THB | 13.6B THB | 30.4B THB | 38.4B THB |
| Total assets | 444.6B THB | 420.0B THB | 409.0B THB | 427.3B THB |
| Total liabilities | 285.9B THB | 251.7B THB | 242.8B THB | 234.3B THB |
| Shareholders' equity | 158.7B THB | 168.3B THB | 166.2B THB | 193.0B THB |
| Period | SMA | EMA | Price vs line |
|---|---|---|---|
| 10 days | 64.55 | 64.04 | Below |
| 20 days | 69.05 | 66.35 | Below |
| 50 days | 67.26 | 66.20 | Below |
| 100 days | 61.42 | 62.22 | Below |
| 200 days | 53.97 | 55.55 | Above |
| Indicator | Value | Signal |
|---|---|---|
| RSI(14) | 34.26 | Down |
| MACD(12,26) | −2.09 | Down |
| ADX(14) | 27.28 | Neutral |
| ATR(14) % of price | 2.57 | Neutral |
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
TALISAM3SCBAM2EASTSPRING1KASSET1KKPAM1| Fund | TOP weight | Master fund | 1-year return | TER |
|---|---|---|---|---|
| SCBLARGEA | 7.48% | Buys the stock directly | +30.23% | 0.85% |
| MEGA20THAIESG | 6.54% | Buys the stock directly | +24.55% | 1.79% |
| MEGATX8020C-L | 6.06% | Buys the stock directly | +17.06% | 1.80% |
| MEGATX8020U-L | 5.91% | Buys the stock directly | +20.79% | 1.79% |
| ES-EQDSSFX | 5.06% | Buys the stock directly | +19.68% | 1.65% |
| SCBLT3 | 3.92% | Buys the stock directly | +22.51% | 2.24% |
| K-ENERGY | 3.89% | Buys the stock directly | +40.99% | 0.79% |
| KKP DIVIDEND | 3.73% | Buys the stock directly | +28.60% | 2.29% |
