SPRC: Expect Earnings Recovery in 4Q20 During Winter Season
Yesterday analyst meeting came out with a slight positive tone. We believe refinery margin to slowly improve in 4Q20 during winter. Also, the...
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SPRC: To Be Pressured by Crude Premium
Yesterday analyst meeting came out with a slight negative tone. We expect 3Q20 performance to drop QoQ as crude premium rises. Meanwhile, refinery...
313 Views
SPRC: Company’s GRM to Recover in 2Q20E
Analyst meeting held last week came out with a slight positive tone. We expect SPRC’s earnings in 2Q20E to improve QoQ, led by a huge discount in...
128 Views
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...
395 Views
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...
307 Views