SPRC: Positive 4Q21-2022 Outlook from Rising GRM
Analyst meeting came out with a positive tone. We expect refinery margin to continue improving in 4Q21 led by solid gasoline, diesel and jet fuel...
195 Views
SPRC: 3Q21 Profit Fell from Declined Products Sales and Margin
SPRC reported a 3Q21 net profit of Bt113m (-58% YoY, -85% QoQ). The result came out lower than our expectation. However, the 9M21 net profit...
156 Views
SPRC: GRM Recovery to Be Dragged by Higher Crude Premium
Analyst meeting comes out with positive tone. We expect refinery margin to continue improving in 2H21 led by solid gasoline and increasing diesel...
175 Views
The Week That Was in ASEAN@Smartkarma - Indonesia's Peak, Mayora Indah, and IPOs
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
193 Views
Energy Sector Outlook 3Q21
We maintain the BUY recommendation based on a target price of Bt146, derived using DCF methodology (WACC 9.4%, TG 2%). Our valuation implies 11x...
209 Views