bullish
PTTGC: Weak Olefins Spread and GRM to Drag 3Q21 Earnings
We expect PTTGC to post a weak 3Q21 net profit of Bt7.4bn (+712% YoY, -71% QoQ). We maintain the HOLD rating due to limited upside from the current share price. Our target price of Bt66.0 is pegged
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
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- PTTGC: Weak Petrochemical Spreads Dragged 1Q22 Profit12 May 2022
- PTTGC: Weak Petrochemical Margins to Drag 4Q21 Performance25 Jan 2022
- PTTGC: Better Refinery & Olefins Segment Performance in 4Q2122 Nov 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
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