ENTITY
Tipco Asphalt

Tipco Asphalt (TASCO TB)

59
Analysis
MaterialsThailand
Tipco Asphalt Public Company Limited manufactures and distributes asphalt emulsion for use in construction and maintenance of roads. The Company sells its products in both domestic and export markets.
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bullishTipco Asphalt
24 Nov 2021 12:24Broker

TASCO: 4Q21 Earnings on Solid Recovery Path

Analyst meeting came out with a neutral tone. We expect 4Q21 net profit to recover QoQ, supported by higher demand volume and asphalt price, driven...

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bullishTipco Asphalt
25 Oct 2021 09:48Broker

TASCO: 3Q21 Earnings Poised to Hit near Bottom

We expect 3Q21 earnings at Bt435mn (-77% YoY, -50QoQ),  caused by the YoY and QoQ drop in both sales volume and asphalt margin.

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bullishTipco Asphalt
22 Feb 2021 12:51Broker

TASCO: Focusing on Retail Market After Crude Switching

Analyst meeting came out with a neutral tone. The company started to procure alternative crudes up to 2 sources and is shifting to retail market.

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bullishTipco Asphalt
11 Nov 2020 13:37Broker

TASCO: Revise Earnings up Thanks to New Crude Sourcing

The company is now able to procure alternative crudes, starting in 1Q21. Meanwhile, asphalt demand remains solid in 4Q20. we expect the company to...

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bearishTipco Asphalt
15 Sep 2020 12:08Broker

TASCO: Medium-Term Disruption from Crude Switching

Analyst meeting held yesterday came out with a negative tone. We expect crude switching to other alternative sources to significantly drag its...

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