CKP Hits All-Time High ฿6.30, Analysts Recommend “BUY” at ฿7.20, Seeing 2H Rapid Growth

In the morning session, CKP has reached an all-time high and closed at THB 6.30 increased by THB 0.20 or 3.28%, highest at THB 6.40 and lowest at THB 6.15 with the trading value of THB 456 million.

Asia Wealth Securities Company Limited (AWS) recommended to “BUY” CKP at the target price THB 7.20/share and expected the revenue of the second half of 2019 to have a rapid growth due to an increase in water supply of the Nam Ngum 2 dam when compared to the previous year 2018, high season in the quarter 3/19 and COD of Xayaburi Hydroelectric Power Project in 29 October 2019. Moreover, AWS estimates a net profit of the year 2019-2020 at THB 1,135 million or 90% and THB 2,093 million or 84% respectively.
CKP reached the all-time high from the result of a well-management of Xayaburi Hydroelectric Power Project and Nam Ngum 2 Hydroelectric Power Plant.