Stock dimension – PTTEP The budget has started to recover since Q3. Benefit from rising oil prices and sales volumes Stock prices fall more than fundamentally, giving upside. infinitely
PTTEP or by Maybank Securities (Thailand) makes PTTEP one of the top stocks. Amid stock market volatility, though, core earnings in Q2/2023 are expected to drop 30% QoQ due to lower gas prices. The quantity is lower while the cost is slightly higher. However, profits are expected to gradually recover in Q3-Q4/23 due to higher oil prices and sales volumes. Strategic target price of 160 baht
Get plus, grab concessions
Erawan source
Trinity Securities stated that PTTEP received a slight positive result in the event that the PTTEP group was the concessionaire sharing the production of the “Erawan” field, increasing the production rate to 400 million cubic feet per day from June 28, 2023 according to The company’s map has been laid out.
stocks fall Outperform SET
While the stock price in the past 1 month has outperformed the SET around 8% due to the still strong oil price and throughout the past 3 months. The share price dropped from the highest price of 163 baht to 148 baht, giving the target price of 161 baht more upside.
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2023-07-03 15:00:58
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