Earnings Review Global Power Synergy (GPSC)
GPSC reported a 3Q23 NP of Bt1.79bn (+441% YoY, +479% QoQ), beating our forecast of Bt1.58bn by 13% due to the net positive FX and derivatives...
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GLOBAL POWER SYNERGY (GPSC): 2Q23E Earnings to Show Weaker Momentum Given the Extended Lag Effect of the Decline in Gas Costs
We expect GPSC to report a 2Q23E net profit of Bt532mn (-22% YoY, -52% QoQ). The weaker momentum can be attributed to the prolonged decline in gas...
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Big Cap Tactical Picks (Eng. / June 22, 2023)
We add GPSC to the portfolio thanks to the prospects for an earnings recovery in 2023E (KTX raised its earnings projection by 478.11% YoY to...
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3D"- Defensive-Diversified-Dividend
We re-initiate our coverage on GPSC with an Outperform rating. The valuation matrix suggests that the share price is fully valued in the short...
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Stepping Into Offshore Wind Projects in Taiwan
We have a positive view in the medium term on GPSC's step into offshore wind projects in Taiwan, with the profit contribution to start in...
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