ENTITY
Gulf Development

Gulf Development (GULF TB)

332
Analysis
Utilities • Thailand
Gulf Development Public Company Limited is a holding company that invests in a diversified portfolio including conventional and renewable power generation, natural gas supply and distribution, infrastructure development, and digital businesses. It develops and manages gas-fired, solar, wind, hydroelectric, biomass, and waste-to-energy projects. The company is headquartered in Bangkok, Thailand, and was founded in 2007.
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•16 Aug 2021 23:45•Broker

GULF: Huge Dividend Gain from INTUCH in 3Q21

We maintain the BUY recommendation based on a target price of Bt43.0 derived using SOTP methodology, implying 57x PE’22E.

•20 Apr 2021 11:33•Broker

GULF: The Energy Giant to Acquire Telecom Big Shot

We revise up the target price to Bt43.0 (from previous Bt41.4) incorporating the Bt1.6 from additional stake in INTUCH. Our valuation is derived...

•01 Mar 2021 14:51•Broker

GULF: Grabbing New Growth Opportunities Though M&A’s

Last week analyst meeting came out in a positive tone. We maintain the BUY recommendation with a target price of Bt41.4 derived using sum-of-the...

•19 Nov 2020 13:21•Broker

GULF: 22% CAGR Capacity Expansion in Next 5 Years

Yesterday analyst meeting came out in a positive tone. We maintain the BUY recommendation with a target price of Bt41.4 derived using sum-of-the...

•18 Aug 2020 12:27•Broker

GULF: Expect 3Q20 Earnings to Grow Both YoY and QoQ

Last week analyst meeting came out in a positive tone. We maintain our positive outlook and recommend BUY with a target price of Bt45.4 derived...

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