5 stocks in PTT group rallied in early Tuesday trading after world oil prices soared over 5% on tight supply fears.
At 11.30 hrs. local time in Thailand, the share price of PTT Exploration and Production Public Company Limited (SET: PTTEP) rose THB7.00/share or 4.79% to THB153.00/share, with a trading value of THB2,511 million.
The share price of PTT Public Company Limited (SET: PTT) rose THB0.75/share or 1.92% to THB39.75/share, with a trading value of THB1,643 million.
The share price of Thai Oil Public Company Limited (SET: TOP) rose THB1.50/share or 2.93% to THB52.75/share, with a trading value of THB456 million.
The share price of PTT Global Chemical Public Company Limited (SET: PTTGC) rose THB0.75/share or 1.50% to THB50.75/share, with a trading value of THB414 million.
The share price of IRPC Public Company Limited (SET: IRPC) rose THB0.06/share or 1.69% to THB3.60/share, with a trading value of THB127 million.
Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities Co., Ltd., through “Kaohoon Jor Talad Program” on March 22, 2022, stated that oil sectors are surging due to the rising oil prices from both Brent crude and West Texas Intermediate. Thus, noted that oil stocks are attractive, namely; PTTEP, SEAOIL, TOP and IRPC.
Meanwhile, CGS-CIMB Securities recommends “BUY” on shares that benefited from higher oil prices, including PTTEP, PTT, TOP, SPRC, PTTGC, IRPC, BCP, and IVL. Crude oil prices rose USD7.42, or 7.09%, to close at USD112.12/barrel, a 48% increase year to date (YTD), on reports that the European Union (EU) is considering sanctions against Russian oil.
