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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The Week That Was in ASEAN@Smartkarma - Indonesia's Peak, Mayora Indah, and IPOs
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
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Energy Sector Outlook 3Q21
We maintain the BUY recommendation based on a target price of Bt146, derived using DCF methodology (WACC 9.4%, TG 2%). Our valuation implies 11x...
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