Thailand

Thai Oil PCL: Slight 3Q22 earnings miss; stronger quarter in sight

  • Slightly lower than our estimate, but beats consensus’

  • TOP reported a 3Q22 net profit of Bt12m

  • We expect the effective GRM to fatten YoY and QoQ in 4Q22

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Suppata Srisuk @ Bualuang Securities
November 10th, 2022
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