ENTITY

Indorama Ventures (IVL-R TB)

MaterialsThailand
Indorama Ventures PCL manufactures and distributes polyethylene terephthalate ("PET"), purified terephthalic acid ("PTA") and related products, polyester fibers and yarns, and wool products.
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07 May 2021 09:49Broker

IVL: Solid Outlook in 2Q21 from Seasonality

We reiterate a BUY rating and upgrade our target price to Bt55.0 (from Bt50), derived from 2.2xPBV’21E which is equal to world material peer.

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15 Apr 2021 13:38

The Stocks to Own in ASEAN – Vol. 34

Our research team constantly reviews the ASEAN markets to try to find interesting ideas based on Fundamentals or Valuation or Momentum or Risk or...

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01 Mar 2021 15:28Broker

IVL: Expect Strong Earnings Momentum in 1Q21 and Peak in 2Q21

We reiterate a BUY rating and upgrade our target price to Bt50.0, derived from 2xPBV’21E. We expect IVL’s earnings to strongly improve in 1Q21...

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26 Jan 2021 15:46Broker

Energy Sector : Overweight- Oil Demand Recovery to Drive 2021 Earnings

Energy Sector : Overweight- Oil demand recovery to drive 2021 earnings. We expect bright E&P business performance from recovering crude price, and...

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10 Nov 2020 10:15Broker

IVL: Expects a Gradual Recovery in 4Q20

We foresee a slight recovery in IVL’s earnings in 4Q20, as we expect sales volume to grow QoQ. Also, we believe fiber, MEG and MTBE margin to start...

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