Ptt Exploration and Production - Expect Lackluster 1Q25E Profit; Weak Momentum in 2025-27E
Core profit in 1Q25E is expected to have declined YoY and QoQ, with unit margins projected to trend downward in 2Q (due to a sharp drop in oil prices)
172 Views
PTT Exploration and Production - Expect Unremarkable 4Q24E and 2024E Earnings
We maintain our Neutral rating and the fair value (FV) of Bt139.89, reflecting the weak oil market amid the oversupply trend and demand risks...
208 Views
Ptt Exploration and Production -5-Year Expenditures Plan and Petroleum Sales Target
PTTEP has announced a 3% increase in its expenditures plan (Capex and Opex) for 2025-29E compared to the previous plan, along with a lower...
665 Views
Ptt Exploration and Production - In-Line 3Q24 Earnings
PTTEP’s stock price has declined by 17% YTD, largely pricing in the negative factors, including weak oil demand and a downtrend in oil prices
190 Views
Ptt Exploration and Production - Earnings Revision; Limited Downside Risk
PTTEP's stock price has dropped by 17% over the past six months and is currently trading at an elevated ERP of 11.2% (90-day average; 3.0 S.D.),...
207 Views