Report
EUR 14.45 For Business Accounts Only

GULF ENDEV.PCL. suffers a double requalification, which weighs heavily on its rating, now at Neutral.

The independent financial analyst theScreener just downgraded the general evaluation of GULF ENDEV.PCL. (TH), active in the Conventional Electricity industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as moderately risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Neutral. As of the analysis date March 13, 2020, the closing price was THB 135.50 and its target price was estimated at THB 128.72.
Underlying
Gulf Energy Development Public Company Limited

Gulf Energy Development PCL is a Thailand-based holding company primarily engaged in the energy sector. The Company generates and sells electricity to the Electricity Generating Authority of Thailand (EGAT), as well as industrial users through Independent Power Producer (IPP) and Small Power Producers (SPP) programs. The Company sells electricity to the Provincial Electricity Authority (PEA) through the Very Small Power Producers (VSPP) program. The Company is also involved in the business of renewable energy, such as solar rooftops and biomass energy. The Company has investments in the natural gas distribution business.

Provider
TheScreener
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