TOP: Recovering Refinery Margin to Drive 3Q21 Earnings
We expect TOP to post a solid 3Q21 net profit of Bt3.2bn (+353% YoY, +53% QoQ). We revise up the target price by 30% to Bt67.0 and upgrade the...
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TOP: Neutral Refinery and Weak Aromatics Outlook for 2H21
Yesterday analyst meeting came out with a neutral outlook for 2H21 refinery business. The GIM should remain stable in 3Q-4Q21 and improve 1H22...
224 Views
Earnings Review: Thai Oil Plc.
TOP’s refinery remains the challenge to its earnings given the slow recovery of the refinery market amid concern over the spread of the Delta variant.
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TOP: Long Term Positive Outlook on Investment in Chandra Asri
We have long term positive outlook on TOP’s new investment in Chandra Asri given the value accretion from entry to high value olefins business...
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TOP: Refinery Operations to Gain Momentum in 2H21
Last week analyst meeting came out with a positive outlook for refinery business. GRM tends to gradually recover each quarter in 2Q-2H21 on the...
241 Views