On Thursday at 10:40 AM (Bangkok time), the share price of Global Power Synergy Public Company Limited (SET: GPSC) soared by 3.60% or THB 1.00 to THB 28.75, with a trading value of THB 192.60 million.
Kasikorn Securities (KS) maintains a positive outlook on GPSC, supported by declining JKM LNG costs, which recently fell to $11.37 per mmbtu, marking a 21% decrease since the start of the year. Additionally, the appreciation of the Thai baht to 33.20 per dollar could lead to a reduction in the overall pool gas price. The analyst expects a decrease of every 10 baht/mmbtu to positively impact GPSC’s profit by approximately 5%.
Moreover, the continuous decline in the 10-year government bond yield to 2.01% from 2.3% at the beginning of the year has generated a positive sentiment for the power plant sector, which has seen significant declines this year.
As GPSC trades at a P/E ratio of approximately 16.x, with profit growth potential of around 17% in 2025, the analyst set a target price of 41.50 baht per share for the company.
