GPSC jumps 3%, broker recommends “buy” with a target of 74 baht, hoping for Q4 profit growth in response to lower gas prices.

2023-11-08 04:10:34

Reporters reported that today (8 Nov. 2023) the stock price Global Power Synergy Public Company Limited or GPSC At 10:48 a.m., it was at the level of 42.50 baht plus 1.25 baht or 3.03%, highest price 42.50 baht, lowest price 41.50 baht, with a trading value of 189.94 million baht.

For the stock price that bounced back up Responding to the results of the 3rd quarter of 2023, there was a net profit of 1,789.51 million baht, an increase of 440.83% compared to the same period of the previous year of 330.89 million baht, resulting from the operating results of the small power plant (SPP) section. Significantly increased from the Ft factor that can better reflect the cost of energy prices.

BL.lotus Stated in the analysis (7 Nov. 2023) that it is expected that the main profit of the 4th quarter of 2023 will increase compared to the same period of the previous year. from gas and coal prices likely to drop faster than electricity prices

It is expected that profits will continue to recover strongly until 2025 and the current price of GPSC is at an attractive level for long-term investment. We still recommend BUY with a target price of 74 baht.

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