OR : Revamping Oil Marketing Margin and Undemanding Valuation
We upgrade the recommendation to BUY from HOLD based on a revised up target price of Bt30.0 (11% up from previous Bt27.0) on the back of 10 to 36%...
246 Views
OR: Rising Sales and Healthy Margin in 2Q22
Yesterday analyst meeting came out in a positive tone. We maintain the HOLD rating with a target price of Bt27.0, derived from an SOTP methodology....
402 Views
OR: Positive 2022 Outlook from Revamping Oil and F&B Sales
Yesterday analyst meeting came out in a neutral tone, we expect the dip in oil marketing margin (diesel price cap) to persist till 1H22, while...
221 Views
OR: Revamping Oil Sales Volume to Drive 4Q21 Earnings
We maintain the HOLD rating with a target price of Bt27.0, derived from SOTP methodology. Our TP implies 26xPE’21E, or a 7% discount from the Asia...
204 Views
OR: Sluggish 3Q21 Earnings Outlook from Lockdown
We maintain the HOLD rating with a target price of Bt27.0, derived from SOTP methodology. Our TP implies 26xPE’21E, or a 7% discount from the Asia...
391 Views