PTG Energy - Likely Downbeat 2Q23E Earnings; Earnings Cut
Given the possible disappointing 2Q23E earnings and challenging marketing margins, we revise down our NP estimates by 30% in 2023E and by 13-15% in...
371 Views
Industry Update – Energy (Oil Retailers)
The Oil Fund will be used as the mechanism to cap the diesel price after the Bt5/liter excise tax reduction scheme expires on July 20, 2023, which...
395 Views
Ptg Energy -1Q23E Earnings Recovery, with Better Momentum in 2Q and 4Q
We maintain an Outperform rating (FV Bt15.44, based on a required rate of return of 5.7%). Our valuation metrics suggest that the current share...
249 Views
Ptg Energy -Targeting Across -The-Board Growth in 2023E
Our Outperform rating is maintained, with a FV of Bt15.4, based on a required rate of return of 5.7%. Our valuation matrix suggests that the...
363 Views
Ptg Energy - 2023E Guidance Leaps in Line with Earnings Momentum
Expect a slim net loss in 4Q22E, weighed down by a weak oil marketing margin. 2023E business guidance suggests stronger momentum, driven by sales...
310 Views