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...
317 Views
BCP: Better Refinery Outlook in 4Q19 and Beyond
Yesterday analysts meeting came out with a positive tone. We maintain our BUY rating and a target price of Bt33 based on SOTP, implying to...
386 Views
BCP: More Stable Income with an Attractive Yield
We initiate coverage of BCP with a BUY rating, based on a target price of Bt41, which is derived from a sum-of-the-parts (SOTP) methodology and...
526 Views