Thai Oil - 4Q23 and 2023 Earnings in Line; Solid GRM Outlook
We retain our positive view on the gross refining margin (GRM) in 2024E, driven by sustained high crack spreads of middle distillates (TOP’s yield...
359 Views
May Not See Good News From US PPI and FOMC Minutes
Technically, the SET Index is expected to weaken, with the support at 1,430/1,423 points and the resistance at 1,443/1,457 points, after a...
83 Views
StubWorld: PTT Public Is Trading Cheap
I'd look to buy PTT outright; or hedge 40% with PTTEP (worth 36% of NAV); 15% of PTT Oil (worth 14% of NAV), together with O&G names to short.
647 Views
Thai Oil: Strong Earnings Outlook; CFP to Boost New Normal Earnings Base
We re-initiate TOP with a Buy rating. Our valuation metrics suggest that the share price is now undervalued, while the long-term earnings growth...
93 Views
Today's Dominant Ideas
The SET Index is expected to move sideways up, with the resistance at 1,585/1,600 points and the support at 1,570/1,560 points. Meanwhile, the...
84 Views