Primer: Global Power Synergy (GPSC-R TB) - Aug 2026
GPSC is strategically positioned as the power flagship of the PTT Group, providing a stable customer base and synergistic opportunities,...
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Expect Lower 4Q23E NP QoQ; Solid 2024E Earnings
We maintain a Neutral rating and the 12M FV at Bt52.85, based on a required return of 3.4%. Our valuation metrics suggest that the current...
95 Views
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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Global Power Synergy (GPSC): Expect Earnings Improvement to Bt1.03bn NP in 1Q23
Our forecast calls for GPSC to report a 1Q23E net profit of Bt1.03bn (+229% YoY and turning around from the net loss reported in 4Q22). The...
85 Views