Check out 10 major power plant stocks. By taking advantage of the forint increase, there is still a remaining upside of approximately 50%.

The Energy Regulatory Commission (ERC) issued a hearing document to determine the electricity price in forints and the new round of electricity price adjustments for the period from May to August 2024, consisting of 3 approaches, which will lead to the value of electricity and the lowest level was 4.18 baht which was the original level. The high was at 5.44 baht and many securities analysts here noted that it had a positive impact on large power plant stocks.

Kornpat Warachit, Director of Research and Investment Services Krungsri Patanasin Securities Public Company Limited or KCS provided information to “Krungthep Turakij” that power plants sold to IU clients are likely to benefit more, such as shares of GPSC, BGRIM and GULF, along with the position of bond yields for both Thailand And abroad. It started to decrease continuously. It is considered a direct positive factor for the power plants group. This will lead to lower growth and the debt burden than monetary policy is likely to be more relaxed. This group has the opportunity to grow in the medium-long term, and it is advisable to buy GULF and GPSC.

While the risk factors to watch out for are: The issue of interest rates in US monetary policy If there is no adjustment in interest rates as quickly as the market expects, we still have to be cautious.

Nat Tripunsuk, Assistant Director of Investment Analysis, Yuanta Securities (Thailand) Co., Ltd., provided additional information. Right now, gas prices are starting to decline. At the same time, bond yields also fell. So, overall, it's interesting to group stocks into the Power Plants group.

Both stocks chosen for stocks are Gulf stocks because when the baht rises to a certain level, foreign money will flow in. Gulf is a big stock that foreigners will come to invest in. In addition, GULF's businesses are going through a period of growth, including the renewable energy business that is benefiting from the new PDP energy plan.

Including the digital assets business, which saw a bright trend after the Bitcoin ETF was approved and caused the price of Bitcoin to rise very sharply. Meanwhile, ADVANC's mobile business has the opportunity to expand into its virtual bank business for a reason. Therefore, they take into account that Gulf stocks are interesting.

However, investors this month and next can still invest in the Thai stock market. But the second half of April investors may need to be careful. Typically, the May sell-off occurs in November. That foreigners often bring the profits they receive from the Thai stock market out and back into the foreign investor's country. It will lead to a decrease in the value of the baht. This will lead to an influx of foreigners to sell and make profits.

For large power plant stocks Krungthep Turakij conducted a survey and found that there is still a lot of upside left, especially EA shares, which have the highest upside of almost 50%, while the price has changed since the beginning of the year both positively and negatively.

1. Absolute Energy Public Limited or EA

• Market capitalization 132,415.00 million baht
• Price return since the beginning of the year -19.77%
• Closing price March 12, 2024 at 35.00 baht
• Target price 52.36 baht
• Remaining height 49.60%
• P/E 17.33 times

2. Gunkul General Engineering Company Limited or GUNKUL

• Market value 24,871.09 million baht
• Price return since the beginning of the year -%
• Closing price on March 12, 2024 at 2.78 baht
• Target price 4.06 baht
• Remaining height 46.04%
• P/E 16.49 times

3. Gulf Energy Development Company General Limited or GULF

• Market value 527,991.75 million baht
• Price return since the beginning of the year +1.12%
• Closing price on March 12, 2024 at 45.25 baht
• Target price 56.79 baht
• Remaining height 25.50%
• P/E 35.54 times

4.Ratch Group Public Company Limited or RATCH

• Market value 63,618.75 million baht
• Price return since the beginning of the year -7.14%
• Closing price March 12, 2024 at 29.00 baht
• Target price 35.75 baht
• Remaining height 23.27%
• P/E 12.31 times

5.Banpu Power Public Company Limited or BPP

• Market value 42,973.02 million baht
• Price return since the beginning of the year -2.76%
• Closing price March 12, 2024 at 14.00 baht
• Target price 17.15 baht
• Remaining height 22.5%
• P/E 8.08 times

6. CK Power Public Limited or CKP

• Market value 31,867.18 million baht
• Price return since the beginning of the year +20.25%
• Closing price on March 12, 2024 at 3.86 baht
• Target price 4.56 baht
• Remaining height 18.13%
• P/E 21.80 times

7. General Electricity Generating Company Limited or EGCO

• Market value 63,175.80 million baht
• Price return since the beginning of the year -6.25%
• Closing price March 12, 2024 at 120.00 baht
• Target price 140.64 baht
• Remaining height 17.2%
• Profitability multiplier – times

8.B.Grimm Power Public Company Limited or BGRIM

• Market value 76,251.83 million baht
• Price return since the beginning of the year +7.34%
• Closing price on March 12, 2024 at 28.75 baht
• Target price 33.02 baht
• Remaining height 14.85%
• P/E 40.46 times

9.TPI Polene Power Public Company Limited or TPIPP

• Market value 28,560.00 million baht
• Price return since the beginning of the year -%
• Closing price March 12, 2024 at 3.40 baht
• Target price 3.85 baht
• Remaining height 13.23%
• P/E 7.82 times

10. Global Power Synergy Public Company Limited or GPSC

• Market value 157,904.84 million baht
• Price return since the beginning of the year +15.46%
• Closing price on March 12, 2024 at 55.75 baht
• Target price 59.65 baht
• Remaining height 6.99%
• P/E 42.74 times