bullish
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 recommendation to BUY. Our target price is pegged
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
- TOP: Solid Refinery Performance Drove 1Q22 Profit12 May 2022
- TOP: Capital Increase Within 202221 Feb 2022
- TOP: Solid Refinery Margin to Drive 4Q21 Performance21 Jan 2022
- TOP: Recovering Refinery Margin to Drive 3Q21 Earnings18 Oct 2021
- TOP: Neutral Refinery and Weak Aromatics Outlook for 2H2117 Aug 2021
- TOP: Long Term Positive Outlook on Investment in Chandra Asri02 Aug 2021
- TOP: Refinery Operations to Gain Momentum in 2H2118 May 2021
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