PTTEP: 1Q20 Results Above Our Expectation
PTTEP reported 1Q20 net profit of Bt8.6bn (-31%YoY, -26%). The result beat our forecast by 26% due to lower than expected impact on PTTEPs gas...
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The Week That Was in ASEAN@Smartkarma - Healthy Consumers, Defensive Telcos, and Vulnerable SGREITs.
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
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PTTEP: Earnings to Cripple by Weak Oil Price
We maintain the BUY rating but revise down the target price by 19% to reflect the weak earnings from oil price plunge due to COVID-19 pandemic and...
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Airport of Thailand (AOT): No Visa and Premium
Thai Airways International (THAI TB)Â now requires passengers departing from China, Italy and South Korea to present health certificates before...
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PTTEP: Headwinds from Saudi Oil Price War
We revise down our 2020-22E earnings forecast by 17% anticipating the average crude oil price will plunge to US$50/BBL (from US$60/BBL), due to...
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