GPSC: 1Q22 Earnings Hit by Low SPP Margin
GPSC reported 1Q22 net profit of Bt313m (-84%YoY, -73% QoQ), an all time low. The result came out lower than our expectation, mainly dragged by the...
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GPSC: High Fuel Cost to Pressure SPP Margin in 1H22
Last week analyst meeting came out in a neutral tone. we see the overhang from rise in fuel cost (in 2021) to remain till 2H22, and later recover...
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GPSC: Weak 4Q21 Outlook from Rising Gas Cost
Last week analyst meeting came out in a neutral tone. The natural gas cost is expected to continue the rally and peak in 2Q22, which will continue...
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Earnings Review: Global Power Synergy Plc.
Sustainable growth, moving toward renewable energy, GPSC’s 1H21 earnings contained no surprises, prompting us to keep our full-year forecasts...
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GPSC: New Capacity Addition to Drive 2H21 Earnings
Last week analyst meeting came out in a positive tone. We maintain the BUY recommendation based on a target price of Bt95.0, derived using DCF...
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