Tillkännagivande • Jul 03
Covestro AG (XTRA:1COV) completed the acquisition of Vencorex (Thailand) Company Limited and Vencorex Us, Inc. from PTT Global Chemical Public Company Limited (SET:PTTGC). Covestro AG (XTRA:1COV) signed Share Purchase Agreement to acquire Vencorex (Thailand) Company Limited and Vencorex Us, Inc. from PTT Global Chemical Public Company Limited (SET:PTTGC) on August 13, 2025.
The transaction is expected to close after the completion of Merger Filing Control.
Covestro AG (XTRA:1COV) completed the acquisition of Vencorex (Thailand) Company Limited and Vencorex Us, Inc. from PTT Global Chemical Public Company Limited (SET:PTTGC) on July 2, 2026. Buy Or Sell Opportunity • Jun 13
Now 22% undervalued Over the last 90 days, the stock has risen 20% to ฿34.00. The fair value is estimated to be ฿43.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has declined by 39%. New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 25
Now 21% undervalued Over the last 90 days, the stock has risen 36% to ฿36.25. The fair value is estimated to be ฿45.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has declined by 39%. Reported Earnings • May 07
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: ฿0.51 (up from ฿0.62 loss in 1Q 2025). Revenue: ฿147.8b (up 11% from 1Q 2025). Net income: ฿3.23b (up ฿6.02b from 1Q 2025). Profit margin: 2.2% (up from net loss in 1Q 2025). Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 60%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 21
Price target increased by 9.0% to ฿34.23 Up from ฿31.40, the current price target is an average from 18 analysts. New target price is approximately in line with last closing price of ฿34.75. Stock is up 92% over the past year. The company is forecast to post earnings per share of ฿2.06 next year compared to a net loss per share of ฿3.61 last year. New Risk • Apr 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Share price has been volatile over the past 3 months (7.1% average weekly change). Price Target Changed • Apr 07
Price target increased by 8.9% to ฿30.46 Up from ฿27.96, the current price target is an average from 18 analysts. New target price is 18% below last closing price of ฿37.00. Stock is up 152% over the past year. The company is forecast to post earnings per share of ฿1.74 next year compared to a net loss per share of ฿3.61 last year. Tillkännagivande • Mar 29
PTT Global Chemical Public Company Limited Announces Board and Committee Changes, Effective March 27, 2026 PTT Global Chemical Public Company Limited announced changes in its board and committee composition. General NIMIT SUWANNARAT, previously serving as Audit Committee and Chairman of the Risk Management, resigned from these positions due to reposition, with term expiring on March 27, 2026. Effective March 27, 2026, General NIMIT SUWANNARAT was appointed as Chairman of the Board of Directors and Chairman of the Independent Director. Mr. THANWA LAOHASIRIWONG was appointed as Chairman of the Risk Management, effective March 27, 2026. Mr. SURACHAI ACHALABOON was appointed as Director to the Audit Committee, effective March 27, 2026. The Audit Committee is consisted of Mr. THANWA LAOHASIRIWONG as Chairman of the Audit Committee, Mr. SURACHAI ACHALABOON as Director to the Audit Committee, and Mr. Chatchawalit Dhammasaroj as Secretary of the Audit Committee. Price Target Changed • Mar 24
Price target increased by 7.3% to ฿26.79 Up from ฿24.96, the current price target is an average from 18 analysts. New target price is 17% below last closing price of ฿32.25. Stock is up 77% over the past year. The company is forecast to post earnings per share of ฿1.74 next year compared to a net loss per share of ฿3.61 last year. Tillkännagivande • Mar 14
PTT Global Chemical Public Company Limited Announces Changes in Sub-Committee Members PTT Global Chemical Public Company Limited announced that General NIMIT SUWANNARAT resigned from the position of Chairman of the Corporate Governance and Sustainability Committee due to reposition, effective March 12, 2026, and was newly elected as Chairman of the Risk Management Committee effective March 13, 2026. Mr. SURACHAI ACHALABOON resigned from the position of Director to the Nomination & Remuneration Committee due to reposition, effective March 12, 2026, and was newly elected as Chairman of the Nomination & Remuneration Committee effective March 13, 2026. Reported Earnings • Feb 11
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: ฿3.61 loss per share (improved from ฿6.62 loss in FY 2024). Revenue: ฿487.6b (down 20% from FY 2024). Net loss: ฿16.3b (loss narrowed 45% from FY 2024). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Chemicals industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 11
Dividend of ฿0.50 announced Dividend of ฿0.50 is the same as last year. Ex-date: 24th February 2026 Payment date: 24th April 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.8%. Tillkännagivande • Jan 27
PTT Global Chemical Public Company Limited Appoints Cherdchai Boonchoochauy as Director to the Risk Management Committee and Sub-Committee Member, Effective February 1, 2026 PTT Global Chemical Public Company Limited appointed Mr. Cherdchai Boonchoochauy as Director to the Risk Management Committee and Sub-Committee Member. The board's resolution date was January 26, 2026. Both positions are effective from February 1, 2026. New Risk • Dec 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Share price has been volatile over the past 3 months (5.7% average weekly change). Reported Earnings • Nov 11
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: ฿0.65 loss per share (improved from ฿4.28 loss in 3Q 2024). Revenue: ฿127.5b (down 15% from 3Q 2024). Net loss: ฿2.92b (loss narrowed 85% from 3Q 2024). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Chemicals industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 21
Now 20% undervalued Over the last 90 days, the stock has risen 8.8% to ฿23.60. The fair value is estimated to be ฿29.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Meanwhile, the company became loss making. Tillkännagivande • Sep 27
Kuraray Co., Ltd. (TSE:3405) agreed to acquire an additional 20.10% stake in Kuraray GC Advanced Materials Co., Ltd. from PTT Global Chemical Public Company Limited (SET:PTTGC). Kuraray Co., Ltd. (TSE:3405) agreed to acquire an additional 20.10% stake in Kuraray GC Advanced Materials Co., Ltd. from PTT Global Chemical Public Company Limited (SET:PTTGC) on September 22, 2025. After the transfer of shares of KGC, the Company’s shareholding in KGC will be reduced from 33.4% to 13.3% and KRR’s shareholding in KGC will be increased from 53.3% to 73.4%, with the remaining 13.3% retained by Sumitomo Corporation. The transaction is subject to definitive agreement. The expected completion of the transaction is October 31, 2025. Tillkännagivande • Sep 26
Ptt Tank Terminal Company Limited agreed to acquire Acquisition of assets of PTT Global Chemical Public Company Limited from PTT Global Chemical Public Company Limited (SET:PTTGC) for THB 4.8 billion. Ptt Tank Terminal Company Limited agreed to acquire Acquisition of assets of PTT Global Chemical Public Company Limited from PTT Global Chemical Public Company Limited (SET:PTTGC) for THB 4.8 billion on September 18, 2025. A cash consideration of THB 4.84 billion will be paid by Ptt Tank Terminal Company Limited.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. Tillkännagivande • Sep 23
PTT Global Chemical Public Company Limited Announces Appointment of Directors and Sub-Committee Members, Effective October 1, 2025 PTT Global Chemical Public Company Limited announced appointment of Mr. Prasong Intaranongpai as Director to the Risk Management Committee, effective October 1, 2025 and appointment of Mr. Jaturong Worawitsurawatthana as Director to the Corporate Governance and Sustainability Committee, effective October 1, 2025 . Buy Or Sell Opportunity • Sep 18
Now 20% undervalued Over the last 90 days, the stock has risen 43% to ฿27.25. The fair value is estimated to be ฿34.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Aug 26
Now 21% undervalued Over the last 90 days, the stock has risen 30% to ฿27.00. The fair value is estimated to be ฿34.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 14
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: ฿0.85 loss per share (down from ฿0.41 profit in 2Q 2024). Revenue: ฿133.9b (down 21% from 2Q 2024). Net loss: ฿3.62b (down 296% from profit in 2Q 2024). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Thailand are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: ฿0.61 loss per share (further deteriorated from ฿0.13 loss in 1Q 2024). Revenue: ฿133.2b (down 15% from 1Q 2024). Net loss: ฿2.57b (loss widened 324% from 1Q 2024). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 113%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Chemicals industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Tillkännagivande • Apr 09
PTT Global Chemical Public Company Limited Approves Dividend for the Year 2024, Payable on April 24, 2025 PTT Global Chemical Public Company Limited announced at the AGM held on April 8, 2025, approved the allocation of profit from the operating results in the Year 2024 and the dividend payment for the Year 2024 operating performance of THB 0.50 per share, totaling approximately THB 2,254 million. The dividend payment shall be allocated from the unappropriated retained earnings from the taxable profit at tax rate of 10 % of the dividend of THB 0.50 per share, which the individual shareholders are subjected to withholding tax of 10% but are entitled to claim tax credit at 10/90 of the dividend. Shareholders who are entitled to receive dividends are those whose names are listed on the Record Date, set by the Company, on Tuesday, March 4, 2025. The final dividend payment shall be made on April 24, 2025. Tillkännagivande • Apr 08
PTT Global Chemical Public Company Limited Announces Board Changes PTT Global Chemical Public Company Limited announced retirement of Mr. Somkiat Prajamwong as Independent Director, effective date is April 4, 2022 and expire date is April 8, 2025. Position in company: Director to the Nomination & Remuneration Committee, Expire Date: 08-Apr-2025, Terminate Reason: Retire from office at the end of the term; Appointment of Lieutenant General Chaipruak Doungprapat as INDEPENDENT DIRECTOR, Effective Date: 08-April-2025, Position in company: Director to the Nomination & Remuneration Committee, Effective Date: 08-April-2025. The Audit Committee is consisted of CHAIRMAN OF THE AUDIT COMMITTEE- Mr.THANWA LAOHASIRIWONG - 1 Year 6 Month 11 Day; AUDIT COMMITTEE - GEN.NIMIT SUWANNARAT - 1 Year 6 Month 11 Day; AUDIT COMMITTEE - Mr.PAKORN NILPRAPUNT - 1 Year 6 Month 11 Day; SECRETARY OF THE AUDIT COMMITTEE -Mr.Chatchawalit Dhammasaroj. New Risk • Mar 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Price Target Changed • Feb 19
Price target decreased by 7.1% to ฿24.97 Down from ฿26.89, the current price target is an average from 20 analysts. New target price is 29% above last closing price of ฿19.40. Stock is down 50% over the past year. The company is forecast to post earnings per share of ฿1.22 next year compared to a net loss per share of ฿6.62 last year. Tillkännagivande • Feb 19
PTT Global Chemical Public Company Limited Proposes Dividend for the Year 2024, Payable on April 24, 2025 PTT Global Chemical Public Company Limited at its 2025 Annual General Meeting of Shareholders to be held on 08 April 2025, The Board of Directors deemed appropriate to propose the Annual General Meeting of Shareholders to consider and approve the dividend payment for the Year 2024 operating performance of THB 0.50 per share, totaling approximately THB 2,254 million. The dividend payment shall be allocated from the unappropriated retained earnings (Separate Financial statements ended December 31, 2024) from the taxable profit at tax rate of 10% of the dividend of THB 0.50 per share, which the individual shareholders are subjected to withholding tax of 10% but are entitled to claim tax credit at 10/90 of the dividend. The Company has set the Record Date to be on March 4, 2025 for the right to attend the 2025 Annual General Meeting and to receive the dividend. The Final dividend payment shall be made on April 24, 2025. Declared Dividend • Feb 19
Dividend of ฿0.50 announced Shareholders will receive a dividend of ฿0.50. Ex-date: 3rd March 2025 Payment date: 24th April 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Feb 18
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: ฿6.62 loss per share (down from ฿0.22 profit in FY 2023). Revenue: ฿608.5b (down 2.1% from FY 2023). Net loss: ฿29.8b (down ฿30.8b from profit in FY 2023). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Chemicals industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Tillkännagivande • Dec 13
PTT Global Chemical Public Company Limited Announces Resignation of Mom Luang Peekthong Thongyai, A Director and A Director to the Risk Management Committee PTT Global Chemical Public Company Limited informed that Mom Luang Peekthong Thongyai, a Director and a Director to the Risk Management Committee, has resigned from his positions, effective from December 12, 2024 onwards. Reported Earnings • Nov 07
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: ฿4.28 loss per share (down from ฿0.32 profit in 3Q 2023). Revenue: ฿150.6b (down 6.8% from 3Q 2023). Net loss: ฿19.3b (down ฿20.7b from profit in 3Q 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 96%. Revenue is forecast to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Thailand are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Oct 26
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -฿1.53 to -฿1.71 per share. Revenue forecast unchanged at ฿638.7b. Chemicals industry in Thailand expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at ฿28.92. Share price fell 5.9% to ฿24.00 over the past week. Major Estimate Revision • Oct 16
Consensus EPS estimates fall by 45% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -฿0.925 to -฿1.34 per share. Revenue forecast unchanged at ฿642.7b. Chemicals industry in Thailand expected to see average net income growth of 22% next year. Consensus price target down from ฿30.33 to ฿29.48. Share price fell 9.6% to ฿26.00 over the past week. Major Estimate Revision • Sep 26
Consensus EPS estimates fall by 27%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿627.2b to ฿642.7b. EPS estimate fell from ฿1.16 to ฿0.847 per share. Net income forecast to shrink 81% next year vs 22% growth forecast for Chemicals industry in Thailand . Consensus price target down from ฿31.27 to ฿30.22. Share price rose 12% to ฿31.75 over the past week. Tillkännagivande • Sep 24
PTT Global Chemical Public Company Limited Announces Resignation of Noppadol Pinsupa, Director and Director to the Risk Management Committe, Effective from October 1, 2024 PTT Global Chemical Public Company Limited informed that Mr. Noppadol Pinsupa, Director and Director to the Risk Management Committee, has resigned from his positions, effective from October 1, 2024 onwards. Tillkännagivande • Aug 30
PTT Global Chemical Public Company Limited Announces Management Changes PTT Global Chemical Public Company Limited announced termination of Miss Pattaralada Sa-Ngasang as Executive Vice President of Finance and Accounting, effective September 30, 2024 and appointment of Mr. Thitipong Jurapornsiridee as Executive Vice President of Finance and Accounting, effective October 1, 2024. Tillkännagivande • Aug 26
PTT Global Chemical Public Company Limited Appoints Nivadee Jaroensitipun as a Director PTT Global Chemical Public Company Limited announced that the Company's Board of Directors at the meeting No. 10/2024 held on August 26, 2024 has passed the resolution to appoint Mrs. Nivadee Jaroensitipun as a Director in replacement of Mr. Cherdchai Boonchoochauy, a resigning director, by the recommendation of the Nomination and Remuneration Committee, effective from August 26, 2024 onwards. Tillkännagivande • Aug 16
PTT Global Chemical Public Company Limited Announces Resignation of Cherdchai Boonchoochauy as Director and Director to the Risk Management Committee, Effective from August 19, 2024 PTT Global Chemical Public Company Limited would like to inform that Mr. Cherdchai Boonchoochauy, Director and Director to the Risk Management Committee, has resigned from his positions, effective from August 19, 2024 onwards. Price Target Changed • Aug 10
Price target decreased by 10% to ฿31.57 Down from ฿35.09, the current price target is an average from 19 analysts. New target price is 35% above last closing price of ฿23.40. Stock is down 41% over the past year. The company is forecast to post earnings per share of ฿1.07 for next year compared to ฿0.22 last year. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: ฿0.41 (vs ฿1.24 loss in 2Q 2023) Second quarter 2024 results: EPS: ฿0.41 (up from ฿1.24 loss in 2Q 2023). Revenue: ฿168.4b (up 14% from 2Q 2023). Net income: ฿1.85b (up ฿7.44b from 2Q 2023). Profit margin: 1.1% (up from net loss in 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Chemicals industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jun 19
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ฿1.73 to ฿1.44 per share. Revenue forecast steady at ฿619.3b. Net income forecast to grow 2,837% next year vs 33% growth forecast for Chemicals industry in Thailand. Consensus price target down from ฿39.22 to ฿38.12. Share price fell 7.0% to ฿29.75 over the past week. Buy Or Sell Opportunity • Jun 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to ฿30.50. The fair value is estimated to be ฿38.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 1.3% in 2 years. Earnings are forecast to grow by 4,701% in the next 2 years. Buy Or Sell Opportunity • May 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.1% to ฿37.00. The fair value is estimated to be ฿46.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 0.8% in 2 years. Earnings are forecast to grow by 4,706% in the next 2 years. Reported Earnings • May 14
First quarter 2024 earnings released: ฿0.13 loss per share (vs ฿0.018 profit in 1Q 2023) First quarter 2024 results: ฿0.13 loss per share (down from ฿0.018 profit in 1Q 2023). Revenue: ฿156.2b (up 5.5% from 1Q 2023). Net loss: ฿606.1m (down ฿688.5m from profit in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Chemicals industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Apr 05
Now 20% undervalued Over the last 90 days, the stock has risen 6.7% to ฿39.75. The fair value is estimated to be ฿49.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 2.2% per annum. Earnings are forecast to grow by 59% per annum over the same time period. Buy Or Sell Opportunity • Mar 16
Now 20% undervalued Over the last 90 days, the stock has risen 1.9% to ฿40.00. The fair value is estimated to be ฿50.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 2.2% per annum. Earnings are forecast to grow by 58% per annum over the same time period. Major Estimate Revision • Feb 22
Consensus revenue estimates increase by 59% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿590.9b to ฿937.4b. EPS estimate unchanged from ฿1.95 at last update. Chemicals industry in Thailand expected to see average net income growth of 19% next year. Consensus price target of ฿39.46 unchanged from last update. Share price rose 3.3% to ฿38.75 over the past week. Major Estimate Revision • Feb 19
Consensus EPS estimates fall by 19%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿590.9b to ฿624.3b. EPS estimate fell from ฿2.30 to ฿1.87 per share. Net income forecast to grow 712% next year vs 19% growth forecast for Chemicals industry in Thailand. Consensus price target of ฿39.41 unchanged from last update. Share price rose 6.4% to ฿37.50 over the past week. Upcoming Dividend • Feb 16
Upcoming dividend of ฿0.75 per share Eligible shareholders must have bought the stock before 23 February 2024. Payment date: 24 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (6.7%). Lower than average of industry peers (3.9%). Declared Dividend • Feb 14
Dividend of ฿0.75 announced Shareholders will receive a dividend of ฿0.75. Ex-date: 23rd February 2024 Payment date: 24th April 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (338% earnings payout ratio). However, it is well covered by cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 276% to bring the payout ratio under control. EPS is expected to grow by 303% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Tillkännagivande • Feb 13
PTT Global Chemical Public Company Limited, Annual General Meeting, Apr 09, 2024 PTT Global Chemical Public Company Limited, Annual General Meeting, Apr 09, 2024, at 09:00 SE Asia Standard Time. Agenda: To Acknowledge the Company's Operation for the Year 2023 and the Recommendation for the Company's Business Plan and Approve the Company's Statement of Financial Position and Statement of Income for the Year Ended December 31, 2023; to Consider and Approve the Allocation of Profit for the Operating Results in the Year 2023, and Dividend Distribution; to Consider and Elect New Directors to Replace those who are due to Retire by Rotation; and to consider other matters. Reported Earnings • Feb 13
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ฿0.22 (up from ฿1.94 loss in FY 2022). Revenue: ฿621.6b (down 9.1% from FY 2022). Net income: ฿999.1m (up ฿9.75b from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Thailand are expected to grow by 2.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Tillkännagivande • Feb 13
PTT Global Chemical Public Company Limited Proposes Dividend for the Year 2023, Payable on April 24, 2024 The Board of Directors of PTT Global Chemical Public Company Limited deemed appropriate to propose the Annual General Meeting of Shareholders to consider and approve the dividend payment for the Year 2023 operating performance of THB 0.75 per share, totaling approximately THB 3,382 million, or dividend payout ratio at 338% of the net profit of consolidated financial statements. The dividend payment shall be allocated from the unappropriated retained earnings (Separate Financial statements ended December 31, 2023) from the taxable profit at tax rate of 10% of the dividend of THB 0.75 per share, which the individual shareholders are subjected to withholding tax of 10%, but are entitled to claim tax credit at 10/90 of the dividend. The Company has set the Record Date on February 27, 2024 for the right to attend the 2024 Annual General Meeting and to receive the dividend. The Final dividend payment shall be made on April 24, 2024. However, the right to receive dividends is subjected to the approval of shareholders at the 2024 Annual General Meeting. Tillkännagivande • Feb 12
PTT Global Chemical Public Company Limited Announces Board Changes PTT Global Chemical Public Company Limited informed that the Company's Board of Directors at the Meeting No. 2/2024 held on February 12, 2024 has passed the resolution by the recommendation of the Nomination and Remuneration Committee to appoint Mr. Petai Mudtham as a Director and a Director to the Risk Management Committee in replacement of Mr. Sarawut Kaewtathip who has resigned from his positions, effective from February 12, 2024 onwards. Tillkännagivande • Jan 05
PTT Global Chemical Public Company Limited Announces Resignation of Sarawut Kaewtathip, Director and Director to the Risk Management Committee PTT Global Chemical Public Company Limited informed that Mr. Sarawut Kaewtathip, Director and Director to the Risk Management Committee, has resigned from his positions, effective from January 4, 2024 onwards. Tillkännagivande • Nov 22
Wha Venture Holding Company Limited greed to acquire 50% stake in GC Logistics Solutions Company Limited from PTT Global Chemical Public Company Limited (SET:PTTGC). Wha Venture Holding Company Limited greed to acquire 50% stake in GC Logistics Solutions Company Limited from PTT Global Chemical Public Company Limited (SET:PTTGC) on November 9, 2023. The transfer of the sale shares is anticipated to be completed by December 2023. Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ฿0.32 (up from ฿2.97 loss in 3Q 2022). Revenue: ฿161.7b (down 12% from 3Q 2022). Net income: ฿1.43b (up ฿14.8b from 3Q 2022). Profit margin: 0.9% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 6.7%. Revenue is forecast to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Thailand are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Tillkännagivande • Nov 02
Ptt Global Chemical Public Company Limited Approves Executive Changes, Effective November 15, 2023 PTT Global Chemical Public Company Limited approved the following at the Special Meeting No. 2/2023 held on November 1, 2023: 1. To appoint Directors in replacement of the vacant positions as follow; 1) Police Colonel Dusadee Arayawuth to be an Independent Director in replacement of Mr. Piyasvasti Amranand. 2) Mr. Thanwa Laohasiriwong to be an Independent Director in replacement of Mr. Apisak Tantivorawong. 3) Mr. Predee Daochai to be an Independent Director in replacement of Mrs. Watanan Petersik. The appointment of new independent directors No. 1) and 2) is effective from November 1, 2023 onwards and No. 3) is effective from November 15, 2023 onwards. 2. To appoint Mr. Predee Daochai to be the Chairman of the Board of Directors and Chairman of the Independent Directors in replacement of Mr. Piyasvasti Amranand, effective from November 15, 2023 onwards. To appoint Sub-Committee Members as follows 1) The Audit Committee: (1) Mr. Thanwa Laohasiriwong:Chairman (Newly Appointed), (2) Mr. Pakorn Nilprapunt:Director (Changed Position). (3) Lieutenant General Nimit Suwannarat Director (unchanged). 2) The Nomination and Remuneration Committee: (1) Mr. Pakorn Nilprapunt: Chairman (unchanged), (2) Mr. Somkiat Prajamwong: Director (unchanged), (3) Lieutenant General Nimit Suwannarat:Director (unchanged). 3) The Corporate Governance and Sustainability Committee: (1) Mr. Somkit Lertpaithoon: Chairman (unchanged), (2) Police Colonel Dusadee Arayawuth: Director (Newly Appointed), (3) Mr. Patchara Anuntasilpa:Director (unchanged), (4) Mr. Chadil Chavanalikikorn: Director(unchanged), (5) Mr. Surachai Achalaboon: Director (unchanged), 4) The Risk Management Committee: (1) Mr. Grisada Boonrach: Chairman (unchanged), (2) Mr. Sarawut Kaewtathip:Director (unchanged), (3) Mr. Noppadol Pinsupa:Director: (unchanged), (4) Mr. Cherdchai Boonchoochauy:Director (unchanged), (5) Mr. Kongkrapan Intarajang: Director (unchanged) . The appointment of new sub-committee members is effective from November 1, 2023 onwards. Price Target Changed • Nov 01
Price target decreased by 7.9% to ฿38.44 Down from ฿41.73, the current price target is an average from 16 analysts. New target price is 11% above last closing price of ฿34.75. Stock is down 23% over the past year. The company is forecast to post a net loss per share of ฿0.38 next year compared to a net loss per share of ฿1.94 last year. Tillkännagivande • Sep 26
PTT Global Chemical Public Company Limited Approves Board Changes PTT Global Chemical Public Company Limited announced that the company's board of directors at the Meeting No. 11/2023 held on September 25, 2023 has passed the resolutions by the recommendation of the nomination and remuneration committee as follows: Appointment of Sub-Committee Members as follows: 1) Mr. Pakorn Nilprapunt to be chairman of the audit committee; 2) Lieutenant General Nimit Suwannarat to be Director to the Audit Committee in replacement of Mr. Apisak Tantivorawong. The appointment is effective from September 25, 2023 onwards. Tillkännagivande • Sep 23
Ptt Global Chemical Public Company Limited Announces Resignation of Watanan Petersik, Independent Director, Director to the Audit Committee, and Director to the Corporate Governance and Sustainability Committee PTT Global Chemical Public Company Limited announced that Mrs. Watanan Petersik, Independent Director, Director to the Audit Committee, and Director to the Corporate Governance and Sustainability Committee, has resigned from her positions due to her tenure as the independent director for nine consecutive years, in compliance with the Company's good corporate governance principles and the independent director charter, effective from September 22, 2023 onwards. Tillkännagivande • Aug 30
PTT Global Chemical Public Company Limited Announces the Resignation of Mr. Apisak Tantivorawong as Independent Director and Chairman of the Audit Committee PTT Global Chemical Public Company Limited informed that Mr. Apisak Tantivorawong, Independent Director and Chairman of the Audit Committee, has resigned from his positions due to the mandatory retirement at 70 years old, in compliance with the Company's good corporate governance principles regarding the director qualifications, effective from August 29, 2023 onwards. Tillkännagivande • Aug 22
PTT Global Chemical Public Company Limited Omits to Pay Interim Dividend for the First Six Months Period of 2023 from January 1, 2023 to June 30, 2023 PTT Global Chemical Public Company Limited has approved a resolution for the no payment of interim dividend for the first six months period of 2023 from January 1, 2023 to June 30, 2023. Reported Earnings • Aug 10
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: ฿1.24. Revenue: ฿147.9b (down 25% from 2Q 2022). Net loss: ฿5.59b (down ฿6.98b from profit in 2Q 2022). Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Thailand are expected to remain flat. Tillkännagivande • Jul 12
PTT Global Chemical Public Company Limited Announces Retirement of Piyasvasti Amranand as Independent Director, Chairman and Chairman of the Independent Director PTT Global Chemical Public Company Limited announced that Mr. Piyasvasti Amranand has retired as the Company's Independent Director, Chairman and Chairman of the Independent Director due to the mandatory retirement at 70 years old, in compliance with the Company's good corporate governance principles regarding the director qualifications, effective from July 12, 2023 onwards. In this regard, the Company would proceed to appoint a qualified person to replace the vacant positions and would make further notification to the Stock Exchange of Thailand in due course. Tillkännagivande • May 23
PTT Global Chemical Public Company Limited Announces Board Changes PTT Global Chemical Public Company Limited announced that at its Board of Directors at the Meeting No. 6/2023 held on May 22, 2023 has passed the resolution by the recommendation of the Nomination and Remuneration Committee to appoint Mr. Surachai Achalaboon as a Director and a Director to the Corporate Governance and Sustainability Committee in replacement of Mom Luang Chayotid Kridakon who has resigned from his positions, effective from May 22, 2023 onwards. Price Target Changed • May 19
Price target decreased by 7.1% to ฿49.09 Down from ฿52.86, the current price target is an average from 17 analysts. New target price is 37% above last closing price of ฿35.75. Stock is down 23% over the past year. The company is forecast to post earnings per share of ฿3.22 next year compared to a net loss per share of ฿1.94 last year. Reported Earnings • May 12
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: ฿0.02 (down from ฿0.93 in 1Q 2022). Revenue: ฿148.1b (down 16% from 1Q 2022). Net income: ฿82.4m (down 98% from 1Q 2022). Profit margin: 0.1% (down from 2.4% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is expected to fall by 5.1% p.a. on average during the next 3 years compared to a 1.3% decline forecast for the Chemicals industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Feb 20
Upcoming dividend of ฿0.25 per share at 1.0% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 26 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (2.7%). Reported Earnings • Feb 16
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: ฿1.94 loss per share (down from ฿10.01 profit in FY 2021). Revenue: ฿684.0b (up 46% from FY 2021). Net loss: ฿8.75b (down 120% from profit in FY 2021). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is expected to fall by 7.5% p.a. on average during the next 3 years compared to a 3.5% decline forecast for the Chemicals industry in Thailand. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Tillkännagivande • Jan 24
PTT Global Chemical Public Company Limited Announces Board Changes PTT Global Chemical Public Company Limited at its board meeting held on January 23, 2023, has passed the resolution by the recommendation of the Nomination and Remuneration Committee to appoint Mr. Noppadol Pinsupa as a Director and a Director of the Risk Management Committee in replacement of Mr. Disathat Panyarachun who has resigned from his positions, effective from January 23, 2023 onwards. Reported Earnings • Nov 10
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: ฿2.97 loss per share (down from ฿1.56 profit in 3Q 2021). Revenue: ฿183.1b (up 62% from 3Q 2021). Net loss: ฿13.4b (down 291% from profit in 3Q 2021). Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 48%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Major Estimate Revision • Oct 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ฿608.4b to ฿633.2b. EPS estimate fell from ฿3.83 to ฿3.15 per share. Net income forecast to grow 21% next year vs 23% growth forecast for Chemicals industry in Thailand. Consensus price target down from ฿55.30 to ฿54.11. Share price was steady at ฿41.75 over the past week. Upcoming Dividend • Aug 26
Upcoming dividend of ฿0.75 per share Eligible shareholders must have bought the stock before 02 September 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 7.3%. Within top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (4.6%). Reported Earnings • Aug 12
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: ฿0.31 (down from ฿5.58 in 2Q 2021). Revenue: ฿197.6b (up 75% from 2Q 2021). Net income: ฿1.39b (down 95% from 2Q 2021). Profit margin: 0.7% (down from 22% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 30%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Over the next year, revenue is expected to shrink by 6.0% compared to a 12% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: ฿0.93 (down from ฿2.16 in 1Q 2021). Revenue: ฿176.8b (up 72% from 1Q 2021). Net income: ฿4.21b (down 57% from 1Q 2021). Profit margin: 2.4% (down from 9.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 5.9%, compared to a 12% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 21
Upcoming dividend of ฿1.75 per share Eligible shareholders must have bought the stock before 28 February 2022. Payment date: 22 April 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 6.4%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (3.4%). Reported Earnings • Feb 15
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: ฿10.01 (up from ฿0.044 in FY 2020). Revenue: ฿469.0b (up 42% from FY 2020). Net income: ฿45.0b (up ฿44.8b from FY 2020). Profit margin: 9.6% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 11% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ฿494.6b to ฿589.7b. EPS estimate fell from ฿6.11 to ฿5.96. Net income forecast to shrink 34% next year vs 22% growth forecast for Chemicals industry in Thailand . Consensus price target broadly unchanged at ฿69.89. Share price was steady at ฿56.50 over the past week. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS ฿1.56 (vs ฿0.20 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿136.9b (up 78% from 3Q 2020). Net income: ฿7.01b (up ฿6.10b from 3Q 2020). Profit margin: 5.1% (up from 1.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Executive Departure • Oct 10
Director Arawadee Photisaro has left the company On the 1st of October, Arawadee Photisaro's tenure as Director ended after 2.9 years in the role. We don't have any record of a personal shareholding under Arawadee's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 5.71 years. Executive Departure • Oct 10
Director Wittawat Svasti-Xuto has left the company On the 1st of October, Wittawat Svasti-Xuto's tenure as Director ended after 3.6 years in the role. We don't have any record of a personal shareholding under Wittawat's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 5.71 years. Upcoming Dividend • Aug 27
Upcoming dividend of ฿2.00 per share Eligible shareholders must have bought the stock before 03 September 2021. Payment date: 22 September 2021. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.9%). Major Estimate Revision • Aug 16
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿7.26 to ฿8.62. Revenue forecast steady at ฿434.1b. Net income forecast to shrink 21% next year vs 3.5% decline forecast for Chemicals industry in Thailand. Consensus price target broadly unchanged at ฿73.90. Share price rose 4.3% to ฿60.50 over the past week. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS ฿5.58 (vs ฿0.37 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿112.6b (up 61% from 2Q 2020). Net income: ฿25.0b (up ฿23.4b from 2Q 2020). Profit margin: 22% (up from 2.4% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • May 13
First quarter 2021 earnings released: EPS ฿2.16 (vs ฿1.96 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿102.7b (up 9.5% from 1Q 2020). Net income: ฿9.69b (up ฿18.5b from 1Q 2020). Profit margin: 9.4% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Major Estimate Revision • May 12
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿4.30 to ฿4.76. Revenue forecast steady at ฿416.8b. Net income forecast to grow 10,303% next year vs 49% growth forecast for Chemicals industry in Thailand. Consensus price target broadly unchanged at ฿74.89. Share price was steady at ฿67.25 over the past week. Major Estimate Revision • May 07
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿4.10 to ฿4.53. Revenue forecast steady at ฿416.1b. Net income forecast to grow 9,927% next year vs 49% growth forecast for Chemicals industry in Thailand. Consensus price target up from ฿72.32 to ฿74.89. Share price rose 2.6% to ฿69.50 over the past week. Major Estimate Revision • Mar 19
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ฿3.23 to ฿3.57. Revenue forecast steady at ฿399.6b. Net income forecast to grow 7,930% next year vs 45% growth forecast for Chemicals industry in Thailand. Consensus price target broadly unchanged at ฿69.12. Share price fell 4.4% to ฿65.00 over the past week. Major Estimate Revision • Mar 15
Analysts increase EPS estimates to ฿3.50 The 2021 consensus revenue estimate increased from ฿393.2b to ฿399.1b. The earnings per share estimate also received an upgrade from ฿3.15 to ฿3.50 for the same period. Net income is expected to grow by 7,647% next year compared to 45% growth forecast for the Chemicals industry in Thailand. The consensus price target increased from ฿68.26 to ฿69.08. Share price is up 1.1% to ฿68.50 over the past week. Is New 90 Day High Low • Mar 08
New 90-day high: ฿67.75 The company is up 12% from its price of ฿60.25 on 08 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿85.48 per share. 
