Global Power Synergy Public Company Limited (GPSC) has received a “BUY” rating from five analysts due to the company’s plans to invest in renewable energy with a total installed capacity of 2,000MW in Taiwan, Vietnam, Myanmar, and India. The transactions are likely to close in the second half of this year.
GPSC additionally engaged into a long-term loan agreement with PTT Public Company Limited (PTT) and/or PTT Treasury Center Company Limited (PTT TCC) for a maximum sum of 20,000 million baht to support foreign renewable energy investment.
Furthermore, GPSC is focused on developing electric vehicle and battery business to support the S-curve business’s growth, as the company has been promoted as the PTT group’s energy flagship.
In conclusion, GPSC is a good option to buy during a downtrend in commodity stocks since it is a steady stock that is suitable for long term investing.
|Asia Wealth||BUY||90.00 Baht|
|Asia Plus||BUY||82.00 Baht|
|Phillip (Thailand)||Speculative-Buy||82.00 Baht|
|KGI (Thailand)||Accumulate||79.25 Baht|