Equity Analysis /
Thailand

Thai Vegetable Oil PCL: Further 4Q21 earnings cut led by a big-time maintenance shutdown

  • Big maintenance plant shutdown to deteriorate 4Q21 earnings

  • 4Q21 net profit to weaken both YoY and QoQ

  • 2022 operational guidance—not bullish

Prasit Sujiravorakul
Prasit Sujiravorakul

Equity Research Analyst

Bualuang Securities
18 November 2021