0450 GMT - PTT Exploration & Production remains a sell call to ttb wealth securities on some headwinds, the brokerage's Yupapan Polpornprasert says in a research report. One headwind is a still-structurally weak oil outlook due to recovering Middle East supply, OPEC+ spare capacity and rising non-OPEC+ production, the analyst says. Another is the petroleum explorer and producer's volume growth looks set to slow to 5% in 2027 and 6% 2028, from 10% in 2026, under its current project pipeline. However, the brokerage raises the stock's target price to 125.00 baht from 111.00 baht to partly reflect a valuation rollover. Shares are 1.4% higher at 146.50 baht.