BCPG Climbs 3%, Analyst Recomm. “BUY” at ฿17.90 on Strong Earnings Expectation in 4Q20

The share price of BCPG Public Company Limited (BCPG) rose ฿0.40/share or 2.56% to ฿16.00/share with a trading value of 311 million baht as of 10:57 local time in Thailand on January 19, 2021.

 

Kasikorn Securities has given a “BUY” recommendation on BCPG at a target price of ฿17.90/share, expecting a net profit in 4Q20 to grow when compared to the same period of last year underpinned by the support from hydropower plants in Lao PDR, coupled with Solar power plant in Thailand.

 

For the investment plan, most of the projects are going according to plan except for the 25MW-Komagane solar farm in Japan. Overall, Kasikorn believes the power system capacity expansion is the key factor for BCPG’s long-term growth.