Home » Business » “PTTEP Q1 Profits expected to grow 16.5%: Buy recommendation with a target price of 190 baht by Phillip Securities”

“PTTEP Q1 Profits expected to grow 16.5%: Buy recommendation with a target price of 190 baht by Phillip Securities”


Stock dimension – PTTEP Q1 profits nodded, brokers saw the price fall, received all the bad news. is a buying opportunity

PTTEP by Phillip Securities expects net profit in Q1/2013 at 18.1 billion baht, recovering 16.5% QoQ, mainly from special items that are expected to decrease qq, but normal operating profit tends to be soft. declined as crude oil prices weakened But performance is still supported by lag time natural gas selling prices and lower unit costs. In addition, special items are expected to decrease qq, leading the department to expect net profit to recover. We maintain our buy recommendation with a target price of 190 baht.

Expected earnings for Q1 16.5% growth Touch 1.81 ten thousand minus.

DBS Vickers Securities stated that Q1/23 profits are expected to recover 83% YoY due to higher volumes and selling prices and 23% QoQ growth as a result of hedging gains and no transactions. pay big extra

Brokers decide that the price is worth collecting.

Recommendation from “Hold” to “Buy”” give basic price 183 baht The decline in share prices has already reflected the negative news quite a bit. Expected during Q2/66 Crude oil price will be $80-85 per barrel. from tight supply Will support the budget to grow further

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2023-04-25 15:00:43
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