STAR PETROLEUM REFINING Plc. (SPRC): Solid 4Q25-2025 Core Profit
We maintain our view of 2026–28E core profit growth at a 9% CAGR, driven by mid-cycle GRM and stable crude runs, supported by expansion into fuel...
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Star Petroleum Refining Plc. (SPRC): Strong 4Q25E–2025E Core Profit, NP Impacted By Stock Loss
We expect core profit to grow strongly YoY and QoQ in 4Q25E on a high-base GRM and well-managed OPEX, before easing QoQ in 1Q26E due to weaker...
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STAR PETROLEUM REFINING Plc. (SPRC): More Positive On Earnings As OPEX Pressure Eases
OPEX pressure should ease in 4Q25–1Q26E following the shift in maintenance allocation to 30% OPEX and 70% CAPEX (from 70%:30%).
339 Views
STAR PETROLEUM REFINING Plc. (SPRC): 3Q25 Beat On Strong Enterprise Sales Volumes ...
3Q25 earnings beat our/market estimates on strong enterprise sales volumes and margins. We maintain Outperform and lift 2026 FV to Bt5.70 (from...
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STAR PETROLEUM REFINING Plc. (SPRC): Solid 3Q25E...
We expect strong 3Q25E core and net profit, driven by better enterprise margin and stock gains. We cut 2025–26E core profit forecasts to reflect...
438 Views