Earnings Review - PTT Oil and Retail Business Plc. (OR)
OR delivered a 2Q23 NP of Bt2.76bn (-58% YoY, -7% QoQ), in line with our projection of Bt2.77bn. The core profit marked at Bt2.56bn in 2Q23 (-59%...
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Earnings Review - PTT Oil and Retail Business (OR)
We expect OR to deliver a 2Q23E NP of Bt2.77bn (-58% YoY, -7% QoQ). Its earnings may have been pressured on a YoY basis by the mobility business
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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...
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PTT Oil and Retail Business - Empowering All Toward Inclusive Growth
We initiate OR with an Outperform rating (FV: Bt22.16), based on a required rate of return of 5.4%. Our valuation matrix suggests that the current...
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