Headline GRM softened WoW. Ethylene and Propylene spreads moved up WoW. HDPE and PP spreads declined slightly WoW.

2020 debtstock acquisition growth assumption upped to 53%. Good debt-tracking & collection numbers. Possible acquisitions would boost growth profile.

Selling pressure in TOA stocks could max out given the 75% stake held by family founder. Foreign holding in TOA is now at a deep low of 8.7% (near a bottom level in Dec 2017). Thus, DPS upside may be possible. Three arguments support our view. Firstl...

New acquisitions and service revenue to improve QoQ in 3Q20. Insights into 3Q20—YoY flattish but QoQ modest rise in core profit. Super-cheap valuation; share price tumble on portfolio adjustment.

Covid-19continues to oscillate between a source of gloom (new waves of infections even in those countries previously successful in their control of it, lasting economic damage to traditional businesses) and one of optimism (partial control of infecti...

In our TVO’s research paper dated Sep 17, based on the El Niño-Southern Oscillation (ENSO) Diagnostic Discussion report of Sep 10, the Climate Prediction Center (CPC) upgraded the ENSO alert system status from “La Niña Watch” (which has been maintain...