PTTGC: New Upswing in Various Polymer Chains
We expect PTTGC’s core earnings to strongly recover in 4Q20. Polymer business has strongly recovered and tends to grow further in 4Q20. Meanwhile,...
210 Views
PTTGC: Gradually Recover in 2H20
We reiterate our ‘BUY’ rating and roll over our target price to Bt56.5 (+28% from our previous target). Our target price is derived from...
240 Views
SPRC: A Harsh Year for Refineries
We revise down company’s earning to the loss of Bt956m in 2020E and also trim our target price by 50% to Bt5.7 (from Bt11.6), derived from...
383 Views
PTTGC: Opportunity to ‘BUY’ on the Recovery Theme
We upgrade our recommendation to ‘BUY’ (from HOLD) but cut our target price by 30% to Bt35 (from Bt50), derived from 11.9xPE’20E which is equal to...
343 Views
PTTGC: Virus Outbreak to Dampen Petrochemicals Demand in 1H20
Analyst meeting yesterday came out with a neutral tone for its 2020 performance. 1H20 outlook seems bearish, pressured by virus outbreak....
304 Views