IRPC provided earnings guidance for the second quarter and fiscal year 2014 and 2015. The profit growth is expected to leap 322% year-on-year in fiscal year 2014, thus helping to improve the GRM by $1/barrel - $1.5/barrel from present. Fiscal year 2014 fair value (discounted cash flow) is THB 4.20.

The company is a turnaround stock with earnings per share projected to surge aggressively and price to earnings ratio projected to drop significantly after completing the Phoenix project, from 20.7 times in 2014 to 13.3 times in 2015.