Comparing the shape of the largest gas station businesses in the Thai stock market, 2nd quarter of 2024, who has the most profits?

competition Water pump industry It’s still intense. At the moment, that can be seengas stationNot only are there gas refueling services, but many gas stations are beginning to develop into community forms. or non-oil services, stores and various services that meet convenience needs in daily life even more

latest PTT gas station He opened the store “found & found”, a retail shop selling health and beauty products. From cosmetics, skin care, nutritional supplements and vitamins, Suki Holdings is one of the main partners, which has come together to sell quality brands such as Prieclat U, S-Select, Under Method and T3 from Japan as exclusive products 3 branches have been established and there are plans to open 10 branches by mid-2024 and 500 branches by 2020.

while Bangchak gas station Join RS Group to launch ‘PET ALL MY LOVE’ pet sale under the Love-Centric Experience concept to meet the lifestyle needs and respond to today’s ‘Pet’ people trend Parents’ who raise animals as pets piloted 20 branches in the first year and expanded to 50 branches within 3 years.

In this regard, “Krungthep Turakij” has investigated 3 large gas stations listed on the stock exchange. How much branch expansion is taking place now And in the 2nd quarter of 2024, who has the most profit?

Gas station business, 3 gas stations in Thai stock market

1. PTT Oil Industry and Retail Public Company Limited NO

Performance in the first half of the year had a net profit of 6,259 million baht, an increase of 9.21% from the same period last year with a profit of 5,731 million baht The company had sales and service revenue of 361,922 million baht, a decrease of 23,517 million baht, decreasing from the previous period the same as last year This is due to a decrease in the sales of the Mobility business group.

That group’s sales and service revenue was down 7.7%. and other retail businesses in the Global business group were up 15% following an increase in oil sales in the Philippines.

For the first half of the year, EBITDA was 11,016 million baht, a decrease of 121 million baht or 1.1% compared to the first half. It decreased from the Transportation business due to a decrease in gross profit by sales volume However, the Lifestyle business group from both food and beverage retail businesses and other retail businesses by sales volume increased in the Philippines.

While operating results for the second quarter of 2024 had a net profit of 2,536 million baht, a decrease of 8% from the same period last year with a profit of 2,756 million baht, sales and service income was 183,989 million baht at the company, and changed to date -6.0555 million baht (3.4%). which increased in all the main business groups from the increase in the average selling price per liter of the Mobility business group.

In addition, EBITDA in 2Q24 was 4,843 million baht, a decrease of 1,330 million baht or a decrease of 21.5% compared to the previous quarter. It decreased from the Mobility business group from the average gross profit per liter which weakened However, the Lifestyle business group increased from other retail businesses according to sales volume. and average gross profit per liter recovered significantly mostly in the Philippines. For net operating costs to increase slightly.

• Disthat Panyarachun, CEO
• market cap 168,000 million baht
• YTD price -26.70%
• PTT Public Company Limited is the number 1 largest shareholder.
• PTT Station 2,256 stations
• FIT Auto 97 branches
• EV PluZ station 859 branches
• Amazon Cafe 4,277 branches
• Thai project sources Det: 325 branches
• 7-Eleven and Jiffy, 2,253 branches
• PTT Blue Card membership card

2. Bangchak Corporation Public Company Limited BCP

The performance in the second quarter of 2024 had a net profit of 1,823.75 million baht, an increase of 298% from the same period last year with a net profit of 458.06 million baht, with sales revenue of 158,057 million baht, an increase of more than 100 .% from the same period last year and EBITDA was 10,764 million baht, an increase of 62%.

For the marketing business group Total sales volume weakened slightly. Due to distribution management during the maintenance shutdown of Phra Khanong Refinery. and the biological products business group had increased sales volumes But there is a cause of pressure from the gap between selling prices and the costs of raw materials which is weakening.

For the first 6 months, there was a net profit of 4,260.5 million baht, an increase of 33% from the same period last year with a net profit of 3,199 million baht, setting a new record for sales revenue of 293,438 million baht, an increase of 98% from the same period last year and EBITDA was 26,072 million baht, an increase of 48%.

• Chaiwat Kovavisarach, Bangchak Group CEO and President
• market cap 45,438.46 million baht
• YTD price -24.14%
• Thai NVDR Company Limited is the number 1 largest shareholder.
• Bang Chak gas station 2,219 stations
• Bangchak Car Care 76 branches
• 265 electric vehicle charging stations
• Inthaninil Coffee Shop 1,020 branches
• Daily tops 15 branches
• Mart Family 15 branches
• Mini Big C 134 branches
• Lawson 2 branches
• BCP Green Miles membership card

3. PTG Energy Public Company Limited PTG

Operating results for the second quarter of 2024 show that the company and its subsidiaries had a net profit of 468 million baht, an increase of 352 million baht or an increase of 302.9% compared to the same period last year . Total revenue was 57,775 million baht, an increase of 13.7% from the same period last year. This is due to the number of oil sales through each channel still growing strongly at 11.9% compared to the same period last year to 1,716 million litres.

The main reason was that the amount of oil sold through sales channels through PT service stations grew by 13.7% compared to the same period last year, which was the same growth in store sales . Both from existing customers and customer groups that have membership cards PT Max Card and PT Max Card Plus, and as a result of the 2nd quarter of 2024 the company will be able to maintain market share . (Market Share) through sales channels through PT service stations increased to 22.3% compared to the same quarter last year with a share of 19.5%.

The company has changed the oil sales volume growth target through each channel from the original 10-12% to 10-15% from last year from the sales of oil through all the company’s channels. which continues to create high growth from the company’s internal factors Including demand for oil in the second half of the year, momentum is increasing after the economic recovery and tourism. It is planned to expand the number of service stations to 2,251 within this year.

• Pitak Ratchakitprakarn, CEO and President
• market cap 13,944.50 million baht
• YTD price -4.57%
• Ratchakit Holding Company Limited is the largest shareholder.
• PT gas station 2,208 stations
• Autobacs 68 branches
• Elex with EGAT PT 100 branch
• 1,028 Thai coffee shop branches
• Coffee World 28 digits
• Max Mart 345 branches
• Membership card PT Card Max