PTTEP: Possible Earnings Recovery by 3Q20
Last week analyst meeting came out in a neutral tome. We maintain the BUY recommendation with a 2020E target price of Bt97 (WACC 10% and TG 2%), ...
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PTTEP: 1Q20 Results Above Our Expectation
PTTEP reported 1Q20 net profit of Bt8.6bn (-31%YoY, -26%). The result beat our forecast by 26% due to lower than expected impact on PTTEPs gas...
259 Views
PTTEP: Earnings to Cripple by Weak Oil Price
We maintain the BUY rating but revise down the target price by 19% to reflect the weak earnings from oil price plunge due to COVID-19 pandemic and...
399 Views
PTTEP: Headwinds from Saudi Oil Price War
We revise down our 2020-22E earnings forecast by 17% anticipating the average crude oil price will plunge to US$50/BBL (from US$60/BBL), due to...
261 Views
PTTEP: Thai E&P Leader with Promising Growth Outlook
We initiate coverage of PTTEP with a BUY rating, based on a 2020E target price of Bt142, derived from a discounted cash flow valuation (WACC of 10%...
340 Views