|Bid||35.00 x 0|
|Ask||35.25 x 0|
|Day's Range||34.75 - 35.25|
|52 Week Range||30.50 - 45.00|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||14.03|
|Forward Dividend & Yield||1.00 (2.50%)|
|Ex-Dividend Date||Mar 04, 2021|
|1y Target Est||N/A|
Rating Action: Moody's assigns Baa2 to PTTGC's proposed senior unsecured notesGlobal Credit Research - 08 Mar 2021Singapore, March 08, 2021 -- Moody's Investors Service has assigned a Baa2 senior unsecured rating to the proposed USD notes to be issued by GC Treasury Center Company Limited (GCTC), a wholly-owned subsidiary of PTT Global Chemical Public Company Limited (PTTGC, Baa2 stable).These notes will be unconditionally and irrevocably guaranteed by PTTGC on an unsubordinated basis. The expected increase in EBITDA relative to 2020 is based on Moody's oil price assumptions that implies the absence of inventory-related losses, and incremental earnings from the completion of PTTGC's planned projects.Moody's expects debt levels will remain elevated and the company's adjusted debt/EBITDA will remain above its downgrade threshold of 3.0x through 2022 at around 3.5x-4.0x.
Rating Action: Moody's affirms PTTGC's Baa2 ratings; outlook stableGlobal Credit Research - 03 Mar 2021Singapore, March 03, 2021 -- Moody's Investors Service has affirmed PTT Global Chemical Public Company Limited's (PTTGC) Baa2 issuer and senior unsecured ratings.At the same time, Moody's has also affirmed (1) the Baa2 rating on the backed senior unsecured notes issued by GC Treasury Center Company Limited (GCTC), a wholly-owned subsidiary of PTTGC; and (2) the (P)Baa2 senior unsecured rating on the medium-term note (MTN) program established by GCTC and PTTGC. The expected increase in EBITDA relative to 2020 is based on Moody's oil price assumptions that implies the absence of inventory-related losses, and incremental earnings from the completion of PTTGC's planned projects.
A U.S. subsidiary of state-owned Thai oiland gas company PTT PCL said on Friday that it wasfocused on finding a partner for its proposed petrochemicalplant in Ohio that will turn ethane into plastics. Williamson also said the team was in the process of meetingwith members of President Joe Biden's administration to briefthem on the benefits of the project, which will cost anestimated $10 billion to build and create hundreds of full-timejobs and thousands of construction jobs. Last summer, PTT's PTT Global Chemical America (PTTGCA)subsidiary delayed making a final investment decision to buildthe ethane cracker from the first half of 2020 to the first halfof 2021 due to the COVID-19 pandemic.