BGRIM Continues to Break All-Time High Record, Analyst Recommends to Gradually Buy

The share price of B.Grimm Power Public Company Limited (BGRIM) closed in the morning session at ฿42.75/share, increase ฿2.00/share or 4.91% with a trading value of 834 million baht. BGRIM continued to make a new all-time high since closing at ฿40.75/share yesterday.

Phillip Securities Thailand recommend “gradually buy” with a target price at ฿42.00/share, estimating from the revenue generation from power plant projects currently in operation and in the future.

Phillip expects BGRIM’s installed capacity to increase 12.8% per year, power generation to increase 7.4% per year, operating revenue to increase 7.4% per year and net profit from operating revenue to increase 30.5%.