ENTITY
Absolute Clean Energy

Absolute Clean Energy (ACE TB)

11
Analysis
Utilities • Thailand
Absolute Clean Energy is one of Thailand's largest producers and distributors of electricity and steam from renewable energy sources. The company operates biomass, solid waste, natural gas, and solar energy power plants, with a focus on clean energy innovation and sustainable practices. Absolute Clean Energy was founded in 1979 and is headquartered in Bangkok, Thailand.
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•02 Jun 2021 09:46•Exchange-sponsored

ACE: Operations Are on Track but No Catalyst

We maintain our HOLD recommendation on ACE based on an unchanged target price of Bt3.73, implying an upside of 1% from the current price.

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•12 Mar 2021 20:38•Exchange-sponsored

ACE: Better Gross Margin but We Stay on HOLD

We maintain our HOLD recommendation on ACE based on a slightly increased target price of Bt3.73 (previously Bt3.49), implying an upside of 3% from...

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•01 Dec 2020 09:38•Exchange-sponsored

ACE: Better Gross Margin but We Stay on HOLD

We maintain our HOLD recommendation on ACE based on our target price of Bt3.49, implying a downside of 6%. We think ACE deserves to trade at a...

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•01 Sep 2020 11:52•Exchange-sponsored

ACE: Results Are Not Stunning, Stay on HOLD

Good 2Q20 results and follows up on its continuous expansion plans. We revise our forecast to account for the strong results.

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•26 Jun 2020 19:54•Exchange-sponsored

ACE: Great Growth Opportunities, but the Stock Is Overpriced

We initiate coverage on ACE with a SELL recommendation based on a target price of Bt2.64, implying a downside of 36% from the current price. We...

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