Gulf Development - Portfolio, Earnings, and Growth Potential
2Q25 core profit was strong, and net profit rose significantly YoY and QoQ from gains on bargain purchases from business consolidation.
169 Views
Gulf Development - Strong 2Q25E Core Profit/Outstanding NP
We maintain our Buy rating, reflecting our positive view on the current valuation and a 2Y core EPS CAGR of 12%, which stands out compared to...
291 Views
Gulf Development - In-Line 1Q25 NP; Maintain Solid Earnings Outlook
Net profit and core profit in 1Q25 were in line with expectations. We maintain our 2025-27E core profit forecast and expect a 2-year core EPS CAGR...
302 Views
Gulf Development - In-Line 1Q25 Net Profit with Strong Core Profit Growth YoY and QoQ
GULF’s 1Q25 net profit was in line with expectations and core profit grew strongly both YoY and QoQ, signaling that GULF’s 1Q25 pro forma financial...
359 Views
Gulf Development - Expect Solid 1Q25E Earnings; 2025E Earnings Still in Line with Forecast
The current valuation reflects a positive outlook, with attractive upside of approximately 43% to our 12-month fair value (12M FV) of Bt68.75,...
196 Views