PTL (PTLE)
Coordinates marine-fuel purchases, vessel refuelling and trade-credit support across Asia-Pacific ports.
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Coordinates marine-fuel purchases and vessel refuelling, selling fuel at a premium while third-party suppliers deliver directly to customers' vessels. The asset-light Hong Kong-centered model combines trade credit and logistics support, alongside newly started licensed trade and receivables financing.
Coordinates vessel refuelling, buying low-sulfur fuel oil, high-sulfur fuel oil and low-sulfur marine gas oil in its own name while third-party suppliers deliver directly to container ships, bulk carriers, cargo vessels and chemical tankers. Operations are negotiated and booked through Hong Kong, with delivery activity concentrated in its ports and a smaller presence in Singapore and mainland China.
Earns a premium over marine-fuel reference prices by sourcing suppliers, aggregating demand, negotiating prices, extending trade credit, managing port or schedule changes, and handling delivery disputes. The recently added Hong Kong financing activity offers trade finance, receivables financing and factoring. Physical delivery, supplier permits and licences, customer collections and working-capital terms remain external dependencies.
Company facts
No analyst consensus on record.
Not reported.
Balance sheet, Dec 31, 2025Cash & short-term investments $139.6K · Total debt — · Total assets $1.6M · Shareholders' equity $1.1M
- Revenue
- $3.6M
- Operating income
- −$284.2K
- Net income
- −$306.4K
No dividends on record.
| Institutions | 0.02% | 99 shares | |
|---|---|---|---|
| 1 holder · as of Jun 30, 2026 | |||
| Insiders | 33.38% | 140.6K shares | |
| 1 holder · as of Mar 26, 2026 | |||
| Other | 66.60% | 280.5K shares | |
| remainder | |||
421.3K company shares as of Sep 15, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Ying Ying ChowInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 33.38% | 140,625 | filed Mar 26, 2026 |
UBS Group AGInstitution | 0.02% | 99 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- CBL International
Closest listed peer in Asia-Pacific marine-fuel facilitation.
- World Kinect
Global marine-fuel procurement and supply at much larger port scale.
- Shell (ADR)
Integrated bunkering network for the same conventional fuel grades.
- TotalEnergies
Singapore-based global bunkering supplier with low-carbon fuel breadth.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PTL | $7.00 | −3.45% | $3.1M | 27.7 | — | 0.3 | — |
| CBL International | $5.33 | +1.14% | $11.1M | — | — | 0.1 | — |
| World Kinect | $35.84 | +0.70% | $1.82B | — | 12.9 | 0.0 | +50.0% |
| Shell (ADR) | $93.68 | +0.44% | $260.05B | 10.3 | 9.0 | 0.9 | +44.7% |
| TotalEnergies | $89.61 | −0.50% | $200.56B | 11.3 | 8.1 | 1.0 | +26.2% |
| Median | 10.8 | 9.0 | 0.5 | +44.7% |