Yuanta Securities said energy and petrochemical stocks still face uncertainty from the direction of US-Iran negotiations, as the chances of reaching a short-term deal remain unclear. Meanwhile, WTI and Brent crude prices rose for a second straight week, supporting PTT and BCP as standout picks on their high dividend outlook. Some petrochemical spreads have begun to recover, but the overall picture still requires close monitoring of supply conditions and geopolitical factors. Weekly WTI and Brent crude prices closed up 6 to 7 percent week on week, rising for a second consecutive week after the MOU timeframe ended and Iran and the United States had no plans to extend further talks. The United States and the UAE also announced additional economic pressure measures against Iran. Singapore refining margins closed down 14 percent week on week at 17.3 US dollars per barrel, falling for a third week as regional supply increased after refineries in Taiwan and China resumed production.
PTT Public Company LimitedOil price recovery supports PTT as a standout pick on high dividend outlook.
Bangchak Corporation Public Company Limited