GULF Gains 4%, Analyst Recomm. “BUY” on Booming Power Sector-Buyout of INTUCH

GULF rose ฿1.50/share or 3.92% to ฿39.75/share, analyst recommends "BUY" with a target price of 50 baht

The share price of Gulf Energy Development Public Company Limited (GULF) rose ฿1.50/share or 3.92% to ฿39.75/share as of 15:28 local time in Thailand, with a trading value of 3,300 million baht. 

LH Securities (LH) forecasts that the years 2020-2023 would be favorable for the electricity industry, with a compound annual growth rate (CAGR) of 22% expected within three years. Additionally, if the balance sheets of Intouch Holdings Public Company Limited (INTUCH) are merged, this adds significant value to GULF. LH recommends “BUY” on GULF with a target price of 50 baht.

Back to top button