PTTGC: Weak Petrochemical Margins to Drag 4Q21 Performance
We expect PTTGC to post a weak 4Q21 net profit of Bt6.3bn (-2% YoY, -10% QoQ). •The QoQ drop will be resulted by softened petrochemical segment...
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PTTGC: Better Refinery & Olefins Segment Performance in 4Q21
Analyst meeting last week came out with a neutral tone. We see bright refinery segment outlook 4Q21 onwards backed by rising gasoline, jet and...
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PTTGC: Weak Olefins Spread and GRM to Drag 3Q21 Earnings
We expect PTTGC to post a weak 3Q21 net profit of Bt7.4bn (+712% YoY, -71% QoQ). We maintain the HOLD rating due to limited upside from the current...
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PTTGC: Contracting Petrochemical Spreads to Drag 2H21 Earnings
Yesterday analyst meeting came out in a neutral tone. Petrochemical spreads mainly Olefins seems to be pressured by new supply additions in 2H21.
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Company Update: PTT Global Chemical Plc.
We remain confident in the company’s solid earnings base, with olefins and derivatives to remain the key contributors in the years ahead.
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