GUNKUL minus 3.81% or a decrease of 0.20 baht to 5.05 baht, trading value 539.70 million baht from the opening price of 5.25 baht, the highest price 5.30 baht, the lowest price 4.98 baht.
Mr. Teethanat Jindarat Fundamental Investment Analyst at Yuanta Securities (Thailand) Said that the share price of Gunkul Engineering Public Company Limited (GUNKUL) dropped as much as more than 5%, expected from concerns about the impact on the company’s performance. After taking key assets, namely 3 wind power plants with capacity of 170 MW, invest in a joint venture company (JV) with Gulf Energy Development Public Company Limited (GULF) instead of Put cash while GULF invested 5,000 million baht to jointly develop renewable energy projects.
As a result, GUNKUL’s shareholding in all 3 wind power plants has been reduced to 50% from 100%, resulting in less profit recognition. The revenue will also be reduced as GUNKUL will recognize the share of profit from the joint venture company. until the joint venture company has more new projects This should take a while, at least 6 months to 1 year, and this short term is considered a factor that pressures GUNKUL’s performance.
While Classic Ausiris Securities stated in the analysis that short-term negative Investors worry liberal marijuana is likely to oversaturate the marijuana market. This affects GUNKUL’s marijuana business, which currently builds 4 greenhouses and is expanding to 11 greenhouses by the end of ’65, because cannabis is what investors expect will generate substantial revenue for GUNKUL.
By InfoQuest News Agency (03 Aug 65)
Tags: GUNKUL, Teethanat Chindarat