PTTGC’s High Profit in 3Q18 Leads to “BUY” recommendation, Giving TP at ฿106
After PTTGC had reported its 3Q18 consolidated financial statement, Phillip Securities (Thailand) gives a “BUY” recommendation for the target price at ฿106/share.
8 พ.ย. 2561

Phillip Securities (Thailand) has made an analysis on PTT Global Chemical Public Company Limited (PTTGC) and recommend investors to “BUY”, giving FY18 target price of ฿106/share.

The growth of 18% QoQ and 29% YoY in 3QFY18 was boosted by aromatic business. Stripping out a ฿0.8bln gain from extra items (i.e. stock gain, foreign exchange gain, loss from derivatives, and  divestment gain from API), core profit rose QoQ as:
 
4QFY18 profit seen to stay flat QoQ: Phillip Securities forecasts PTTGC’s 4QFY18 profit will hold flat QoQ based on assumptions that:
 