In today’s briefing:
- PTTEP: Solid Earnings Performance Hit by Impairment Loss
PTTEP: Solid Earnings Performance Hit by Impairment Loss
- We expect PTTEP to post a solid 4Q21 net profit of Bt9.7bn (+283% YoY, +2% QoQ).
- Excluding the impairment loss of US$200m (Mozambique, Yetagun projects), and US$100m gain from reversal of decommissioning expense of Bongkot project, the recurring profit is expected to be Bt13.2bn (+162% YoY)
- The YoY surge will be from 10% and 27% growth in sales volume and average product selling price (ASP) respectively.
Before it’s here, it’s on Smartkarma
