5 Analysts Rate “BUY” on GPSC, Owing to the Continued Investment in Renewable Energy

Given GPSC's intention to invest in renewable energy and establish a new S-curve business in order to focus on the clean energy trend, five analysts rate GPSC as a "BUY."

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.

Securities Recommendation  Target Price
Asia Wealth BUY 90.00 Baht
Bualuang Speculative-Buy 90.00 Baht
Asia Plus BUY 82.00 Baht
Phillip (Thailand) Speculative-Buy 82.00 Baht
KGI (Thailand) Accumulate 79.25 Baht

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