Equity Analysis /
Thailand

Thai Vegetable Oil PCL: Lowered 2H21earnings expectation prompts earnings cut for 2021

  • Lower GM range expected in 2H21 and 2021 earnings cut

  • Lower global SB price range of US$13.5-14.5/bushel in 2H21

  • 20-year low of global soy oil stocks—positive for SBO

Prasit Sujiravorakul
Prasit Sujiravorakul

Equity Research Analyst

Bualuang Securities
23 August 2021