With the IMF programme continuing to be on hold, mid-month gains failed to sustain & the KSE100 came back to 40,000pts. China is assisting but commitments from Saudi Arabia and UAE are proving to be the surprise sticking point. Domestic politics rema...
1Q23F earnings are likely to be weak due to slower demand from customers, which still have ample inventory from the panic restocking in 2H22. The overhang from Red Lobster could put pressure TU’s share price in the short term, in our view. Reitera....
We rank the markets most open to fintech disruption, based on factors like financial infrastructure and digital adoption. Eastern Europe (Hungary, Poland), the GCC (Saudi, UAE) and Southeast Asia (Malaysia, Thailand) top our new rankings. Top gainers...
Urea offtake in February 2023 reduced by 5% YoY and 20% MoM to c.503,000 tons. DAP offtake improved by 76% YoY and 2% MoM to c.96,000 tons in February 2023. Urea inventory declined to c.54,000 tons at the end of February 2023.
The oil market should remain supported by demand recovery and supply disruption, in our view. We expect PTTEP’s average gas prices to stay around the US$5.98/mmbtu level despite the oil price pullback. Reiterate Add.
Amornrat Cheevavichawalkul @ CGS-CIMB 31 March 2023
Gradual demand improvement expected for 2Q23. Limited supply addition to support oil prices in 2Q23. Improving demand amid tight supply to support 2Q23 GRM.
Suppata Srisuk @ Bualuang Securities 31 March 2023