Bangchak Corporation Public Company LimitedTrinity names BCP among attractive refinery stocks on expectations of strong Q3 earnings momentum amid tight oil market.
Brent crude rose to test nearly $110 per barrel in early trading today after fighting between Houthi armed groups in Yemen and Saudi-backed forces intensified. Analysts at Trinity Securities said supply concerns and an increasingly tight oil market continue to build, and reiterated their view from early this month that holding energy stocks remains necessary to protect portfolios from geopolitical risk factors that appear likely to drag on indefinitely. Trinity sees the refinery group as attractive, naming three stocks: BCP, SPRC and TOP, on expectations that third-quarter earnings momentum will remain strong.
Bangchak Corporation Public Company LimitedTrinity names BCP among attractive refinery stocks on expectations of strong Q3 earnings momentum amid tight oil market.
Thai Oil Public Company LimitedTrinity names TOP among attractive refinery stocks on expectations of strong Q3 earnings momentum amid tight oil market.
Star Petroleum Refining Co LtdTrinity names SPRC among attractive refinery stocks on expectations of strong Q3 earnings momentum amid tight oil market.
Trinity Watthana Public Company LimitedTrinity is the analyst firm issuing the refinery-stock recommendation, not a subject of the oil-market development.