PTTEP: Temporary Weak 3Q21 Operation Due to Lower Gas Nomination
Last week analyst meeting came out in a slight negative tone considering the weak sales performance outlook for 3Q21. However, we maintain our BUY...
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The Week That Was in ASEAN@Smartkarma - Indonesia's Peak, Mayora Indah, and IPOs
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
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Energy Sector Outlook 3Q21
We maintain the BUY recommendation based on a target price of Bt146, derived using DCF methodology (WACC 9.4%, TG 2%). Our valuation implies 11x...
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PTTEP: Record Sales to Drive 2Q21 Earnings
We expect PTTEP to post a solid 2Q21 net profit of Bt9.6bn (+121% YoY, -17% QoQ) on the back of improved sales and average selling price, after hit...
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The Stocks to Own in Thailand – Vol. 33
Our Thai portfolio has gained 85% versus the SET 100 Index’s return of 30%. Since the last rebalancing, it has had 10 major outperformers: RCL,...
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