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
Airport of Thailand (AOT): No Visa and Premium
Thai Airways International (THAI TB) now requires passengers departing from China, Italy and South Korea to present health certificates before...
290 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
BCP: Better Refinery Outlook in 4Q19 and Beyond
Yesterday analysts meeting came out with a positive tone. We maintain our BUY rating and a target price of Bt33 based on SOTP, implying to...
386 Views