Defense Expenditure in Thailand to 2015 - Industry Dynamics and Competitive Landscape: Market Profile
- Published: August 2011
- Region: Thailand
Operational integration with and strategic importance to PTT Public Co. Ltd. Favorable cost structure and flexibility in feedstock selection Strong domestic market position Inherent industry risks Recovering outlook for the refinery and aromatics industries Single-site and customer concentration risks The rating on Thai Oil Public Co. Ltd. (Thaioil) reflects the support the company receives from its operational integration with, and strategic importance to, state-owned oil and gas conglomerate PTT Public Co. Ltd. (BBB+/Stable/--). The rating also reflects Thaioil's favorable cost structure, flexibility in feedstock selection, and strong domestic market position. Inherent industry risks, the recovering outlook for the refinery and aromatics industries, and the company's single-site and customer concentration risks partly offset these strengths. Thaioil's refinery and lube margins improved...
Companies mentioned in this report are: Thai Oil Public Co. Ltd.,PTT Exploration and Production Public Co. Ltd.,PTT Public Co. Ltd.,PTT Chemical Public Co. Ltd.,PTT Aromatics and Refining Public Co. Ltd. (PTTAR),IRPC Public Co. Ltd.
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Research Type: Full Analysis
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Thai Oil Public Co. Ltd.,PTT Exploration and Production Public Co. Ltd.,PTT Public Co. Ltd.,PTT Chemical Public Co. Ltd.,PTT Aromatics and Refining Public Co. Ltd. (PTTAR),IRPC Public Co. Ltd.