BKK:PTTGC

3 stories mentioning BKK:PTTGCUpdated 3d ago

Every FINWIRES story that references BKK:PTTGC, newest first.

PTT Global Chemical's Cash Generation Rise Could Drive Deleveraging, Fitch Says

PTT Global Chemical's (BKK:PTTGC) solid cash generation in the first half of 2026 could anchor a faster-than-expected deleveraging, Fitch Ratings said in a Friday release.The Thailand-based company's EBITDA rose 350% year over year to 37 billion baht in the first half, as the refining and petrochemicals segments gained from supply disruptions due to the Middle East conflict.The rating agency forecasts a drop in the company's EBITDA net leverage for the year to below 4x from 10x a year ago.Still, Fitch expects to retain the company's negative outlook, given that the cash flow boost is primarily due to a temporary boon from the Middle East war.Better earnings amid heightened gross refining margins and petrochemical spread will determine whether such improvement in the company's creditworthiness will endure, Fitch said.

BKK:PTTGC

Asia6d ago

Market Chatter: Global Chemical to Increase Focus on Specialty, Green Businesses

PTT Global Chemical (BKK:PTTGC) plans to increase the contribution of specialty and green businesses as it seeks to reduce its dependence on commodity chemicals after upbeat second-quarter results, The Nation reported Monday, citing Chief Executive Narongsak Jivakanun.Thailand's largest petrochemical producer's second-quarter net profit rose to 12.2 billion baht from 3.2 billion baht in the first quarter, while adjusted EBITDA increased to 26.9 billion baht from 14.9 billion baht, according to the report.In Jivakanun's address during a press conference, the chief executive said the company aims to shift its portfolio from an 80:20 commodity-to-specialty mix currently to a 70:30 split by 2030, as part of its 2026-2030 strategy.The company plans to expand its specialty coatings unit allnex and pursue investments in bioplastics, recycling, sustainable aviation fuel and bio-fibers. It is also assessing an olefins partnership with SCGC, with a decision expected by late September, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BKK:PTTGC

Asia101d ago

Cost Synergies Key to Joint Venture Gains for PTT Global Chemical, S&P Says

Potential benefits from a proposed joint venture will materialize for PTT Global Chemical (BKK:PTTGC) only if it achieves cost synergies, S&P Global Ratings said in a recent release.The joint venture plans with SCG Chemicals Public could make PTT Global Chemical more competitive, but it also needs to ease pressure on feedstock sourcing and keep an efficient cost structure, the rating agency said.The company could increase its cash flow due to the deal through capital release, increased scale and diversity, and cost synergies, which would be credit positive, S&P said.However, less feedstock self-sufficiency or a more expensive cost structure would be credit negative, according to S&P.The company may also face limits to control and cash flow access due to a joint venture framework, the rating agency said.S&P forecasts the company's EBITDA for this year to exceed past estimates by 40% to 50% given increased prices for petrochemicals and refined fuel products.

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