Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0811 GMT – The operating outlook for PTT Global Chemical in 2025 seems weak, Maybank Securities (Thailand)’s Chak Reungsinpinya says in a research report. Its petrochemical spreads are likely to be weaker, driven by oversupply and flattish demand growth, the analyst says. Also, many of the Thai company’s business units will likely undergo major maintenance shutdowns throughout the year, which could keep earnings at very low levels. Moreover, a major concerns is for more impairment charges incoming after the chemical company booked over THB20 billion in impairment last year. The brokerage lowers the stock’s target price to THB16.00 from THB23.00 with an unchanged hold rating. Shares are 7.05% higher at THB16.70. (ronnie.harui@wsj.com)