On Wednesday at 11:15 AM (Bangkok time), the share price of Global Power Synergy Public Company Limited (SET: GPSC) rose by 0.81% or THB 0.25 to THB 31.00, with a trading value of THB 191.85 million.
Kingsford Securities noted in its report that the analyst maintains a ‘Speculative-Buy’ recommendation for GPSC, with a target price set by the IAA Consensus at 38.50 baht per share.
The company’s 2025 performance is anticipated to be supported by the Xayaburi power plant returning to normal operation after last year’s downtime during the high season, coupled with expectations of higher water flow through the dam throughout the year compared to last year.
Additionally, the CFXD wind energy project will be fully operational commercially this year and is expected to contribute profit shares, unlike the previous year’s losses. The Avaada solar energy project in India is also seen as a key future driver, with projects already achieving commercial operation and is raising funds for further development.
Regarding the electricity prices for the period from May to August 2025, which the Cabinet ordered to be reduced to not exceed 3.99 baht per unit, down from January to April 2025, the analyst expects that the market has already priced the factor in.
The market forecasts GPSC’s 2025 net profit at 4.63 billion baht, a 14% increase compared to the same period last year, and a net profit for 2026 of 4.94 billion baht, a 7% increase on a yearly basis.
