ENTITY
Thai Oil Pcl

Thai Oil Pcl (TOP TB)

124
Analysis
EnergyThailand
Thai Oil Public Company Limited is an oil refinery company. The Company imports crude oil and refines it into gasoline. It also produces oil related products including liquefied petroleum gas (LPG), kerosene, fuel oil and chemicals. Thai oil supplies its products to domestic market where its major customers include Shell, Caltex Oil and the Petroleum Authority of Thailand.
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bullishThai Oil Pcl
23 Dec 2024 13:20Broker

Thai Oil - The CFP Entails Higher than Previously Expected Risks

The risks associated with the CFP are higher than previously expected (e.g., significant cost overruns, COD delayed by three years, risks regarding...

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bearishThai Oil Pcl
25 Nov 2024 15:27Broker

Thai Oil - Earnings and FV Revised Down to Reflect Risks of Delayed COD of CFP

While the market price appears cheap relative to the FV, we do not anticipate any positive catalysts for the stock until there is a clear...

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bullishThai Oil Pcl
11 Nov 2024 17:26Broker

Thai Oil - 3Q24 Turned to a Loss as Expected; Negatives Largely Priced In

The stock price has declined further by 20% YTD and is trading at an equity risk premium (ERP) higher than the 90-day average, largely reflecting...

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bullishThai Oil Pcl
11 Oct 2024 23:18Broker

Thai Oil - 3Q24E Earnings to Turn to a Loss; Revise Down GRM/Earnings

We expect the 3Q24E earnings to turn to a loss, primarily due to sustained low gross refining margins (GRM) and stock losses.

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bullishThai Oil Pcl
09 Aug 2024 22:55Broker

Thai Oil - Weak 2Q24 Core Profit, but NP Cushioned by a Stock Gain and an Extra Gain

The stock price is exposed to limited downside risk and has already priced in the weak GRM and core profit in 2Q24 to a certain degree.

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