PTTEP: Prudent Growth in 2022-26 from 5.0% CAGR Sales
We have a positive view on the 5-year investment plan (2022-26) revealed by PTTEP yesterday. The 5% CAGR sales growth and crude oil price at high...
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PTTEP: High Crude Oil Price to Support 4Q21-2022 Earnings Momentum
Last week analyst meeting came out in a positive tone, given the healthy crude oil price will place average selling price at high levels and push...
85 Views
PTTEP: Healthy Selling Price and Sales Volume Drove 3Q21 Earnings
PTTEP reported 3Q21 net profit of Bt9.5bn (+33%YoY, +34%QoQ). The earnings came out inline with our expectation. We maintain the BUY rating with a...
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PTTEP: Solid Product Prices to Drive 3Q21 Earnings
We expect PTTEP to post a solid 3Q21 net profit of Bt10.1bn (+40% YoY, +41% QoQ). We maintain the BUY recommendation based on a target price of...
173 Views
PTTEP: Temporary Weak 3Q21 Operation Due to Lower Gas Nomination
Last week analyst meeting came out in a slight negative tone considering the weak sales performance outlook for 3Q21. However, we maintain our BUY...
142 Views