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...
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The Week That Was in ASEAN@Smartkarma - Malaysian Politics, Indonesian Consumers, and Central Retail
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
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SPRC: Back to Its Normal Operation in 1Q20
Analyst meeting held yesterday came out with a positive tone for SPRC’s operation 2Q20 onwards, supporting by improved refinery margin.Key...
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SPRC: Back to a Profitable Cycle in 2020
We initiate coverage of SPRC with a BUY rating and a 2020E target price of Bt11.60, derived from 1.3xPBV’20E, which represents a 13% premium to the...
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SET50 Index Rebalance Preview - Better Early Than Late
The Stock Exchange of Thailand (SET) will announce the results of the semi-annual review of the SET50 index in December and the changes will be...
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