IVL Surges 5.78%, Boosting PTTGC and SCC on Petrochemical Spread Optimism

AnalystCommodity
โดย HoonSmart·TH·Read original
Summary · why it matters

Indorama Ventures (IVL) shares surged as much as 5.78% to 24.20 baht before closing the morning session at 23.80 baht, with trading value of 2,756 million baht. This boosted PTTGC and SCC, which rose in tandem. The market expects petrochemical spreads to improve amid reports that Venezuela is considering withdrawing from OPEC, which would increase crude supply and lower feedstock costs. Yuanta Securities (Thailand) recommends a "Buy" on IVL with a target price of 27.50 baht, forecasting net profits of 4,500 million baht and 8,500 million baht for 2026 and 2027, respectively. Meanwhile, Krungsri Securities sets a target price of 28 baht, noting that Venezuela's withdrawal may not immediately impact oil prices but would reduce OPEC's bargaining power and provide positive sentiment for anti-commodity groups such as power plants GULF, GPSC, and petrochemicals IVL and SCC.

Impact on stocks 5

Energy Transition & Power Demand▲ · 2 stocks
Global Power Synergy PCL
GPSC
▲ PositiveSupplyrelevance

Venezuela's potential OPEC exit could lower feedstock costs, benefiting power plants like GPSC.

Critical Materials & Supply Chain▲ · 1 stocks
Indorama Ventures PCL
IVL
▲ PositiveSupplyrelevance

IVL surges on optimism for improved petrochemical spreads due to potential Venezuela OPEC exit lowering feedstock costs.

Materials▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks

Theme Impact 1

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