PTT Global Chemical Plc (PTTGC) 
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	PTTGC&rsquo;s management is committed to growth, both horizontally and vertically, by aiming to build new plants to expand its specialty downstream and green product portfolios. This should strengthen its growth visibility for the next upcycle post-2012. The company&rsquo;s growth plan will focus on expanding capacity and market presence in ASEAN countries, mainly Indonesia, ahead of AEC in 2015. We maintain Outperform and our THB100 based on 7x CY13 EV/EBITDA target price.&nbsp; 
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PTT Global Chemical

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PTT Global Chemical

Clearer and better Outperform / maintained Share price: Bt65.25 Target prices: Bt100.00 Petrochemical

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