PTT Public Company LimitedPTT is a top pick as oil surges on US-Iran conflict.
Brokers point out that the new round of US-Iran conflict has pushed Brent crude prices above $91-92 per barrel. Krungsri Securities has identified 8 top energy stocks: PTT, PTTEP, TOP, SPRC, BCP, PTTGC, SCC, and IVL. Meanwhile, DBS Securities views the energy sector as neutral, favoring PTTEP, TOP, SPRC, BCP, PTTGC, and GULF. It notes that refineries face short-term impacts from lower Singapore refining margins, which have dropped to $10.6 per barrel, while petrochemical margins recover due to higher feedstock costs, and power plants see limited impact from fuel cost pass-through mechanisms.
PTT Public Company LimitedPTT is a top pick as oil surges on US-Iran conflict.
Bangchak Corporation Public Company LimitedOil price surge benefits refinery margins despite lower Singapore refining margins.
Thai Oil Public Company LimitedOil price surge benefits refinery margins, though Singapore refining margins are lower.
Gulf Energy Development Public Company LimitedDBS favors GULF; power plants see limited impact due to fuel cost pass-through.
PTT Exploration and Production Public Company LimitedPTTEP is a top pick benefiting from higher oil prices.
Star Petroleum Refining Co LtdOil price surge benefits refinery margins, though Singapore refining margins are lower.
PTT Global Chemical Public Company LimitedOil price surge due to US-Iran conflict raises feedstock costs, improving petrochemical margins.
Indorama Ventures PCLPetrochemical margins recover due to higher feedstock costs.
The Siam Cement Public Company LimitedListed as top energy stock but impact mixed: petrochemical margins recover, but other segments may be affected.