Company Update PTT Plc. (PTT) Energy & Utilities
Given the rapid change in the economic circumstances, due in large measure to the COVID-19 pandemic, PTT and the companies under its umbrella have...
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Cost Reductions Amid Headwinds
We have a neutral view on IRPC's analyst meeting, with the company having gone into the survival mode by prioritizing a few small projects and...
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Weak Start in 1Q20; Slight Core Momentum in 2Q20E
IRPC got off to a weak start by marking a massive loss in 1Q20 as expected. We see no positive catalyst in the near term and maintain a Hold...
84 Views
SPRC: A Harsh Year for Refineries
We revise down company’s earning to the loss of Bt956m in 2020E and also trim our target price by 50% to Bt5.7 (from Bt11.6), derived from...
536 Views
BCP: Better Refinery Outlook in 4Q19 and Beyond
Yesterday analysts meeting came out with a positive tone. We maintain our BUY rating and a target price of Bt33 based on SOTP, implying to...
553 Views