OR: Leading Oil Conglomerate with Growth Potential
We initiate coverage of OR with a HOLD rating and a 2021E target price of Bt27.0. Our valuation is derived from an SOTP methodology, which values...
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SET50 Index - Proposed Methodology Changes: Scenarios, Names Affected & Impact
The SET has commenced a market consultation on the proposed changes to make its indices free float market cap weighted. We look at the impact on...
446 Views
The Week That Was in ASEAN@Smartkarma - Banks, Beers, and Mergers
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
186 Views
PTT Oil and Retail (PTTOR) IPO: Trading Debut
PTTOR priced its IPO at THB18.00 per share and the shares are set to start trading on 11 February. Our valuation analysis shows that the IPO price...
395 Views
PTT Oil and Retail IPO Trading - Still Reasonably Priced at the Top-End
PTTOR raised about US$1.6bn at THB18 per share. In this note, we will look at the deal dynamics and provide implied valuations at different share...
298 Views