Star Petroleum Refining - 3Q24 Earnings Tuned to a Loss (Given Stock Losses, LCM)
3Q24 earnings turned to a loss (due to stock losses and LCM), but the loss was larger than expected due to higher-than-anticipated operating...
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Star Petroleum Refining - 3Q24E Earnings to Turn to a Loss Due to Stock Losses and LCM
We expect the 3Q24E performance to turn to a loss (but we maintain our 2024E net profit forecast), with refining margins to be lower YoY and a...
245 Views
Star Petroleum Refining - Negatives Priced In; Steady Core Earnings Growth
We initiate our coverage on SPRC with an Outperform rating and a 12M fair value (FV) of Bt7.26, based on a required return of 12.1%.
252 Views
Industry Update: Energy (Oil) - SEPTEMBER 30, 2024
The downward trend in oil prices due to global risks (e.g., increased supply and slower demand amid the unrest in the Middle East) is expected to...
193 Views
Energy (Oil Retailers) - Scenarios for a Diesel Price Lift
We maintain a neutral view on the possibility of increasing the retail diesel price ceiling within the range of Bt1-2/liter to Bt31-32/liter due to...
226 Views