GGC: Upside Potential Is Limited in the Medium Term

GGC: Core Profit Improved in 4Q20 Thanks to Rising B100 Margin

GGC: An Increase in CPO Price to Decelerate in March

GGC: Expect 3Q21 Earnings to Reach 3-Quarter High

Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

Pi Research

Thai Equity - Bottom-up - Equities

Leading, full-service investment firm in Thailand

Pi Securities PCL, Thailand

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Moreover, our new research team tailored for institutional clients to focus on mid to small cap of Thai equities and trading strategies. Our services offered to our premium clients also include arrangement of company or site visits to with the managements of Thai listed companies.

Note: Effective on 1 March 2022, Country Group Securities PCL changed its name to Pi Securities

Equity Bottom-Up

Global Green Chemicals / Equity Bottom-Up

<ul>
<li>Yesterday analyst meeting came out with a positive tone. We expect GGC’s earnings to remain at a high level, backed by rising sales volume and higher product prices, in response</li>
<li>Diesel demand in 4Q21 to improve QoQ, backed by lockdown easing to push local transportation, amplify tourism, along with end of rainy season.</li>
<li>Methyl Ester to soften QoQ, upon competition, brief change to B6 and tighten price for B7 and B10, will offset volume growth and rising B100 price.</li>
</ul>


Yesterday analyst meeting came out with a positive tone. We expect GGC’s earnings to remain at a high level, backed by rising sales volume and higher product prices, in response
Diesel demand in 4Q21 to improve QoQ, backed by lockdown easing to push local transportation, amplify tourism, along with end of rainy season.
Methyl Ester to soften QoQ, upon competition, brief change to B6 and tighten price for B7 and B10, will offset volume growth and rising B100 price.


GGC: Improve Volume to Drive 4Q21 Earnings