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...
192 Views
Vinythai (VNT TB)'s Delisting Offer (Finally) Commences
This is done and trading accordingly, with a gross/annualised return of 1.0%/5.6%. Unless terms happen to widen from here, this is largely an avoid...
331 Views
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...
193 Views
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...
98 Views
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.
182 Views