Current price: S$ 5.73 Price/Book: 1.23x Price/Earnings: 7.43x Dividend Yield: 6.2% Source: SGX and SET as of 25 June 2023 What happened? • $PTT Exploration & Production NVDR(TPED.SI)$ is a leading producer of natural gas and crude oil in Southeast Asia that could benefit if oil prices recover. What are the key drivers? • Close to 60% of $PTT Exploration & Production NVDR(TPED.SI)$ ’s assets are in Thailand and other parts of Southeast Asia. The company’s petroleum production accounts for 62% of Thailand’s total production volume in 2022. • $PTT Exploration & Production NVDR(TPED.SI)$has a competitive average unit cost of about US$28/bbl. Wit