Ptt Oil and Retail Business - Larger-Than-Expected Net Loss Due to Seasonal and Specific Factors
We maintain our 2024-26E earnings forecasts, expecting a QoQ recovery in 4Q24E and strong core profit growth at a 28% CAGR in 2025- 26E, driven by...
352 Views
OR TB -Weak 2Q24 Earnings as Expected, Weighed Down by Mobility Business
The 2H24E earnings are likely to continue to be pressured by the mobility business (with both challenging sales volume and GP/liter) .
296 Views
Ptt Oil and Retail Business - Weak 2Q24E Earnings, Weighed Down by Mobility Business
The current valuation is attractive on share price weakness, and the tactical downside risk is limited. Our Outperform rating is thus maintained,...
118 Views
Ptt Oil and Retail Business - Strong 1Q24 Earnings QoQ Thanks to All Businesses
The 1Q24 core profit grew strongly QoQ, driven by all businesses (accounting for 26% of the full-year forecast). The momentum should continue in...
249 Views
Ptt Oil and Retail Business -Strong 1Q24E Earnings Prospects
We expect OR to commence the year with a strong 1Q24E net profit of Bt4.2bn, marking a 40% YoY increase and a substantial 20.6x QoQ growth.
141 Views