Equity Analysis /
Thailand

Thai Oil PCL: Strategic investment in Chandra Asri

  • Chandra Asri—the strategic downstream integration

  • Recapitalizing plan in place for funding

  • Long-term earnings uplift, but slight dilution is possible

Suppata Srisuk
Suppata Srisuk

Equity Research Analyst

Bualuang Securities
30 July 2021