Thai Oil - 4Q23 and 2023 Earnings in Line; Solid GRM Outlook
We retain our positive view on the gross refining margin (GRM) in 2024E, driven by sustained high crack spreads of middle distillates (TOP’s yield...
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Industry Update - Energy (Upstream-Downstream)
We maintain a Neutral investment rating on the sector, reflecting weak industry indicators in 2H24E (e.g., oil prices, refining margins, marketing...
179 Views
Energy (Upstream-Downstream) - Weak 2Q24E Earnings for Refineries
Refinery stock prices have already reflected weaker refining margins and operating performance trends anticipated for 2Q24E.
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Technical Analysis - April 23, 2024
Asian bourses, including the SET, soared against rising US bond yields after tensions in the Middle East subsided. A buying force quickly targeted...
141 Views
Technical Analysis - APRIL 19, 2024
Asian bourses rebounded on the decrease in US bond yields, but the SET only climbed up limitedly before dropping sharply in the afternoon and...
389 Views