We initiate coverage of OR with a HOLD rating and a 2021E target price of Bt27.0. Our valuation is derived from an SOTP methodology, which values the oil business at Bt15.0 (12x EV/EBITDA) and non-oil
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.