GULF-BGRIM Skyrocket to All-Time Highs in Response to Project Signings Worth Billions!

Gulf Energy Development Public Company Limited (GULF) rose to an all-time high in the morning session on Monday, January 13, 2020, at ฿183.00/share, increased ฿6.00/share or 3.39% with a trading value of 888 million baht.

The share price continued to rise following the announcement last Friday of the company entered into a shareholders’ agreement with One Power Services Company Limited to operate the power distribution system for One Bangkok Project through Bangkok Smart Power Company Limited (BSP).

The company is expected to receive earnings from shareholding in the project and as an operator with a project cost of approximately 3,570 million baht.

Meanwhile, B.Grimm Power Public Company Limited (BGRIM) also hit an all-time high after the share price rose by ฿3.25/share or 5.63% to trade at ฿61.00/share with a trading value of 450 million baht.

BGRIM rose after EGAT revealed that it will sign the deal with BGRIM as a bidding-winner of Hydro-floating Solar Hybrid project in Sirindhorn Dam with a project cost of approximately 2,265.99 million baht.