GULF Rises 2%, Analyst Recomm. “BUY” at ฿45 with Top Pick Rating on Robust 3Q Profit

The share price of Gulf Energy Development Public Company Limited (GULF) rose ฿0.50/share or 1.79% to ฿28.50/share with a trading value of 428 million baht. 

Bualuang Securities raised GULF as its “top pick” in the power-generation sector, expecting a net profit of 1.3 billion baht in 3Q20, an increase of 33% from a year ago. Reiterating a “BUY” recommendation at a target price of ฿45/share.