STAR PTL.REFN. with less fundamental stars is reduced to Neutral
STAR PTL.REFN. (TH), a company active in the Oil Equipment & Services industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date January 28, 2022, the closing price was THB 9.70 and its expected value was estimated at THB 10.09.Star Petroleum Refining Public Company Limited is a Thailand-based company engaged in the construction and operation of petroleum refinery in Rayong province of Thailand. The Company's refinery products include Liquefied Petroleum Gas (LPG), premium and regular grades of unleaded gasoline, High Speed Diesel (HSD), jet fuel and fuel oil, as well as petrochemical feedstocks used in the petrochemical industry, such as Polymer Grade Propylene (PGP), chemical grade naphtha, mix C4 and reformate. The Company produces petroleum products in Thailand for both domestic and export markets.
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