TheScreener - Glow Energy Public Co. Ltd. (A0D97M) GLOW ENERGY PCL. suffers a double requalification, which weighs heavily on its rating, now at Neutral.

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GLOW ENERGY 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 GLOW ENERGY 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 November 29, 2019, the closing price was THB 76.75 and its target price was estimated at THB 72.55.

30/11/2019 6 EN

Underlying

Glow Energy Public Co. Ltd.

Glow Energy Public Company Limited is a Thailand-based company engaged in the generation and distribution of electricity, steam and water for industrial uses. The Company operates independent power producer (IPP) business with cogeneration facilities. Its core business is the generation and supply of electricity to the Electricity Generating Authority of Thailand (EGAT), as well as the generation and supply of electricity and steam, with clarified and demineralized water as secondary products to industrial customers. The Company and its subsidiaries operate their own production facilities, which are located in Rayong and Chonburi provinces of Thailand, as well as in Attapeu province of Laos. The Company's subsidiaries include Glow Company Limited, Glow SPP 2 Company Limited, Glow IPP 2 Holding Company Limited and Glow SPP 11 Company Limited.

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TH0834010009 Stock Exchange of Thailand Thailand

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TheScreener

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

Empowering Investors

1 director sold

Glow Energy Public Co Ltd (GLOW) - Power - Deals and Alliances Profile

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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