TOP: Recovering GRM and Stock Gain to Drive 1Q21 Earnings
Yesterday analyst meeting came out with a positive outlook for refinery business. GRM tends to gradually recover each quarter in 2021 on the back...
466 Views
TOP: Premier Thai Refinery to Post Huge Earnings Turnaround in 2021E
We initiate coverage of TOP with a BUY rating, based on a 2021E target price of Bt65.0, pegged to 1.1xPBV,21E, which is in line with its world...
746 Views
SPRC: A Harsh Year for Refineries
We revise down company’s earning to the loss of Bt956m in 2020E and also trim our target price by 50% to Bt5.7 (from Bt11.6), derived from...
536 Views
BCP: Better Refinery Outlook in 4Q19 and Beyond
Yesterday analysts meeting came out with a positive tone. We maintain our BUY rating and a target price of Bt33 based on SOTP, implying to...
553 Views
BCP: More Stable Income with an Attractive Yield
We initiate coverage of BCP with a BUY rating, based on a target price of Bt41, which is derived from a sum-of-the-parts (SOTP) methodology and...
677 Views