Energy (Upstream-Downstream) - DECEMBER 17, 2024
We reiterate our preference for downstream over upstream players and favor refiners over oil retailers. Our top pick remains BCP (Outperform; FV at...
168 Views
Ptt Exploration and Production - In-Line 3Q24 Earnings
PTTEP’s stock price has declined by 17% YTD, largely pricing in the negative factors, including weak oil demand and a downtrend in oil prices
262 Views
Ptt Exploration and Production - Earnings Revision; Limited Downside Risk
PTTEP's stock price has dropped by 17% over the past six months and is currently trading at an elevated ERP of 11.2% (90-day average; 3.0 S.D.),...
290 Views
Industry Update - Energy (Upstream-Downstream)
We maintain a Neutral investment rating on the sector, reflecting weak industry indicators in 2H24E (e.g., oil prices, refining margins, marketing...
334 Views
PTT E&P- 2Q24 NP Beat Forecast by 12.5% on Reversal of Exploration Expenses
PTTEP’s 2Q24 NP exceeded our estimate by 12.5% due to lower- than-expected unit costs (on the back of the reversal of over- accrued exploration...
177 Views