Equity Analysis /
Thailand

TH : PTT Oil and Retail Business - Penetrating ready-to-drink market

    CGS-CIMB
    9 June 2022
    Published by

    OR has entered into a JV agreement with Boonrawd to develop ready-to-drink (RTD) products, targeting the premium market segment. OR’s revenue target of THB1bn in FY26F from the RDT business translates into 1% net profit accretion, based on our estimates.