bullish
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 peers and a 10% discount to its Thailand peers.
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
- TOP: Recovering GRM and Stock Gain to Drive 1Q21 Earnings19 Feb 2021
- EM Energy: Big Underperformance - Positioning at Record Lows, but Stabilizing.15 Feb 2021
- Energy Sector : Overweight- Oil Demand Recovery to Drive 2021 Earnings26 Jan 2021
- TOP: Premier Thai Refinery to Post Huge Earnings Turnaround in 2021E29 Dec 2020
- TOP (TOP TB): Solid Profitability and Dividend Yield at This Refiner14 Jun 2018
- Snippets #8: Syrian Tensions, PTT's New IPO!19 Apr 2018
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