In today’s briefing:
- PTT (PTT TB): Asset Sales And Solid Results
PTT (PTT TB): Asset Sales And Solid Results
- Thailand’s state-owned energy firm PTT (PTT TB) recently announced a ~67% and ~13% increase yoy in 1H22 revenue and net profit, buoyed by higher average selling prices and sales volume.
- Earlier this month PTT also announced the divestment of its Indonesian coal mining business as the company transitions towards clean energy.
- PTT’s goal is to make Thailand a liquified natural gas hub in Asia. The market appears to be fully pricing in this ambitious roadmap.
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