IVL Gains 5% to ฿31.75 as Oil Prices Move to a 4-Week Gain as Global Economy Recovers
IVL Gains 5% to ฿31.75 as Oil Prices Move to a 4-Week Gain as Global Economy Recovers.
The share price of Indorama Ventures Public Company Limited (IVL) rose ฿1.50/share or 4.96% to ฿31.75/share with a trading value of 1,704 million baht.
The analyst stated that IVL has a limited downside in valuation, while trading at a PBV at 1.2x and the revenue tended to recover according to the re-stock and the global economic recovery.
Last Friday, IVL announced that the company issued unsubordinated and unsecured debentures offering to institutional and/or high net worth investors at a size of 9,000 million baht with an interest payment every six months.
Last Friday, Brent crude for January rose $0.19 or 0.4% to $47.99, while WTI dropped $0.40 or 0.9%, at $45.32. Oil prices set for a gain of 4-straight week ahead of an OPEC+ this week.
