Banpu

  • TickerBANPU TB
Chaiwat Arsirawichai ... (+2)
  • Chaiwat Arsirawichai
  • Tanaporn Visaruthaphong

BANPU TB - ESG – Positive Outlook In The Near Term?

We expect ESG restrictions to benefit coal price in the near term as they will curb new global coal supplies. BANPU’s capital increase plan may hurt its share price given its dilution impact but will strengthen the balance sheet to support its upcoming M&As. We raise our 2021-22 core earnings forecasts by 40-90% to reflect new coal and gas price assumptions but 2022 EPS growth may be negatively affected by dilution impact. Maintain HOLD with a new target price of Bt14.30 (after XR/XW).

Tanadech Rungsrithananon ... (+3)
  • Tanadech Rungsrithananon
  • Chaiwat Arsirawichai
  • Tanaporn Visaruthaphong

Thailand Daily - Thursday, July 22, 2021

KEY HIGHLIGHTS Update Banpu (BANPU TB/HOLD/Bt13.30/Target: Bt14.30) ESG: Positive outlook in the near term? Kasikornbank (KBANK TB/BUY/Bt105.00/Target: Bt162.00) Undemanding valuation and growth momentum intact.

Chaiwat Arsirawichai ... (+2)
  • Chaiwat Arsirawichai
  • Tanaporn Visaruthaphong

Banpu (BANPU TB) - Short-term Positive On Rising Coal And Gas Prices, ...

Banpu (BANPU TB/HOLD/Bt11.90/Target: Bt13.00) Short-term positive on rising coal and gas prices, but regulatory issue remains a concern over the long term.

Chaiwat Arsirawichai
  • Chaiwat Arsirawichai

Banpu (BANPU TB) - Short-Term Gain But Long-Term Pain. Upgrade To HOLD

Banpu (BANPU TB/HOLD/Bt11.50/Target: Bt10.90) Short-term gain but long-term pain. Upgrade to HOLD.

Tanaporn Visaruthaphong ... (+2)
  • Tanaporn Visaruthaphong
  • Chaiwat Arsirawichai

Banpu (BANPU TB) - Short-term Gain But Long-term Challenge Remains

Update Banpu (BANPU TB/SELL/Bt7.35/Target: Bt6.10) Short-term gain, but long-term challenge remains.

Chaiwat Arsirawichai ... (+2)
  • Chaiwat Arsirawichai
  • Tanaporn Visaruthaphong

BANPU TB - ESG – Positive Outlook In The Near Term?

We expect ESG restrictions to benefit coal price in the near term as they will curb new global coal supplies. BANPU’s capital increase plan may hurt its share price given its dilution impact but will strengthen the balance sheet to support its upcoming M&As. We raise our 2021-22 core earnings forecasts by 40-90% to reflect new coal and gas price assumptions but 2022 EPS growth may be negatively affected by dilution impact. Maintain HOLD with a new target price of Bt14.30 (after XR/XW).

Tanadech Rungsrithananon ... (+3)
  • Tanadech Rungsrithananon
  • Chaiwat Arsirawichai
  • Tanaporn Visaruthaphong

Thailand Daily - Thursday, July 22, 2021

KEY HIGHLIGHTS Update Banpu (BANPU TB/HOLD/Bt13.30/Target: Bt14.30) ESG: Positive outlook in the near term? Kasikornbank (KBANK TB/BUY/Bt105.00/Target: Bt162.00) Undemanding valuation and growth momentum intact.

Chaiwat Arsirawichai ... (+2)
  • Chaiwat Arsirawichai
  • Tanaporn Visaruthaphong

Banpu (BANPU TB) - Short-term Positive On Rising Coal And Gas Prices, ...

Banpu (BANPU TB/HOLD/Bt11.90/Target: Bt13.00) Short-term positive on rising coal and gas prices, but regulatory issue remains a concern over the long term.

Chaiwat Arsirawichai
  • Chaiwat Arsirawichai

Banpu (BANPU TB) - Short-Term Gain But Long-Term Pain. Upgrade To HOLD

Banpu (BANPU TB/HOLD/Bt11.50/Target: Bt10.90) Short-term gain but long-term pain. Upgrade to HOLD.

Tanaporn Visaruthaphong ... (+2)
  • Tanaporn Visaruthaphong
  • Chaiwat Arsirawichai

Banpu (BANPU TB) - Short-term Gain But Long-term Challenge Remains

Update Banpu (BANPU TB/SELL/Bt7.35/Target: Bt6.10) Short-term gain, but long-term challenge remains.

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