In today’s briefing:
- PTTEP: Bright 2022 Outlook from Sales Growth & Rising Oil Price
PTTEP: Bright 2022 Outlook from Sales Growth & Rising Oil Price
- Last week analyst meeting came out in a positive tone. The improving sales volume and rising oil price should aid the earnings momentum in 1Q22 and ahead.We maintain the BUY
- Expect 1Q22 earnings to improve both YoY and QoQ on the back of 1) 4% and 2% QoQ growth in sales volume and ASP, respectively. And 2) No significant impairment
- Positive 2022 earnings outlook as the sales volume is expected to increase by +12% YoY to 467kBOED, and ASP by 5% to US$46/BOE.
Before it’s here, it’s on Smartkarma
