Stock dimension – Finansia Syrus Securities revealed that it has a positive view on the stock. BCPG After announcing a 25% stake in “Hamilton Holding ll LLC”, which owns 2 cogeneration power plants of 848 MW and 857 MW in the United States with an investment of 8.9 billion baht, it is continuing to expand power generation. After the past February, it has invested in 2 cogeneration power plants in the proportion of 15-17.8% in February with a total size of 1,182 MW with an investment of 4 billion baht, resulting in increased production capacity. 577 Equity MW
The research department views the purchase price at 22-23 million baht/MW reasonable, with the deal expected to be completed in Q3/2023. The research department estimates that it will increase profit for BCPG around 800 million baht per year or more than 50% of the profit forecast. in 2024 and is upside to earnings estimates and current target price of 13 baht, maintaining a “buy” recommendation.
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