GAIL - Sharp LNG Price Fall Gives Optimism: Systematix

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Systematix Research Report.We cut spot liquefied natural gas price by $5/metric million British thermal unit to $20/15 per mmbtu for FY24E/FY25E. Spot LNG price has corrected to below $15/mmbtu from $23-25/mmbtu a month while it is expected to remain soft in near term on the back of lower demand from increased supply from U.S. and still demand side concern persists. European gas storage is also at the highest level post winter in last many years. Lower spot LNG price will have a positive impact on - opex of transmission business as the company uses spot LNG to fulfil the gap, lower input cost for petchem division, andrevival in transmission volume. However, trading profit may soft owing to reducing gap between spot and contracted price. Further, integrated tariff for its key nine pipeline is expected in March (after sixth march of open house). We have raised tariff to Rs 1.9/standard cubic metre for FY24E/FY25E from earlier Rs 1.6/scm while we cut the trading profit on LNG portfolio by 10%. Overall we raise Ebitda estiamte by 11%/9% for FY24E/FY25E. However, lower spot LNG price would re-rate the sector. .Click on the attachment to read the full report:.Supreme Petrochem Q3 - Stabilisation In The Raw Material Costs Led To Improvement In The Margins: KRChoksey.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

GAIL - Sharp LNG Price Fall Gives Optimism: Systematix

Spot LNG price has corrected to below $15/mmbtu from $23-25/mmbtu a month while it is expected to remain soft in near term.

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