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...
328 Views
PTTGC: Spread Expansion Continues in 2Q21 from Demand Recovery
Analyst meeting last week came out with slight positive tone. Petrochemical outlook seems supportive from demand recovery in 2Q21. The company is...
242 Views
PTTGC: Strong Spread Drives 1Q21 Earnings and Continue in 2Q21
We reiterate our BUY rating with the new target price at Bt80.0 (from Bt75.0), derived from 1.2xPBV’21E which is equal to its 5 year average trading.
239 Views
The Week That Was in ASEAN@Smartkarma - ShopeePay, Grab Listing, and Philippine IPOs
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
358 Views
Vinythai (VNT TH): Delisting Offer From PTTGC
This looks done and trading accordingly with a gross/annualised return of 1.9%/5.0%, assuming completion on 11 August. Not a lot in it. Pus there...
584 Views