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...
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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%.
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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...
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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...
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Technical Analysis - MARCH 6, 2024
The SET fell in line with Asian bourses as a selling force continued to target large cap shares, causing the index to hit a 39-month low.
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