bullish
PTTGC: Strong Spread Drives 1Q21 Earnings and Continue in 2Q21
We reiterate our BUY rating with the new target price at Bt80.0 (from Bt75.0), derived from 1.2xPBV’21E which is equal to its 5 year average trading.
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
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- PTTGC: Weak Olefins Spread and GRM to Drag 3Q21 Earnings27 Oct 2021
- PTTGC: Contracting Petrochemical Spreads to Drag 2H21 Earnings19 Aug 2021
- PTTGC: Spread Expansion Continues in 2Q21 from Demand Recovery18 May 2021
- PTTGC: Strong Spread Drives 1Q21 Earnings and Continue in 2Q2113 May 2021
- PTTGC: Expect Strong Recovery in 4Q20 Earnings11 Jan 2021
- PTTGC: New Upswing in Various Polymer Chains12 Nov 2020
- PTTGC: Gradually Recover in 2H2010 Aug 2020
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