Report
EUR 12.80 For Business Accounts Only

An unfavourable environment weighs on GULF ENERGY DEVELOPMENT, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of GULF ENERGY DEVELOPMENT (TH), active in the Conventional Electricity industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date November 30, 2021, the closing price was THB 39.25 and its target price was estimated at THB 36.09.
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's portfolio consists of electricity, steam and chilled water generating projects and other related business. Its portfolio of power generating projects include Gulf JP, Gulf MP, Hin Kong Power Holdings, Duqm Power Company, Gulf Solar, Gulf MTP and Gulf LCP 3. 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 operates approximately 27 power projects in operation in Thailand and overseas, including two gas-fired IPPs, 19 gas-fired SPPs (Cogen), four roof-top solar VSPPs and two solar projects Vietnam.

Provider
TheScreener
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