5 Analysts Rate “BUY” on GPSC, Owing to the Continued Investment in Renewable Energy
Given GPSC's intention to invest in renewable energy and establish a new S-curve business in order to focus on the clean energy trend, five analysts rate GPSC as a "BUY."
Global Power Synergy Public Company Limited (GPSC) has received a “BUY” rating from five analysts due to the company’s plans to invest in renewable energy with a total installed capacity of 2,000MW in Taiwan, Vietnam, Myanmar, and India. The transactions are likely to close in the second half of this year.
GPSC additionally engaged into a long-term loan agreement with PTT Public Company Limited (PTT) and/or PTT Treasury Center Company Limited (PTT TCC) for a maximum sum of 20,000 million baht to support foreign renewable energy investment.
Furthermore, GPSC is focused on developing electric vehicle and battery business to support the S-curve business’s growth, as the company has been promoted as the PTT group’s energy flagship.
In conclusion, GPSC is a good option to buy during a downtrend in commodity stocks since it is a steady stock that is suitable for long term investing.
| Securities | Recommendation | Target Price |
| Asia Wealth | BUY | 90.00 Baht |
| Bualuang | Speculative-Buy | 90.00 Baht |
| Asia Plus | BUY | 82.00 Baht |
| Phillip (Thailand) | Speculative-Buy | 82.00 Baht |
| KGI (Thailand) | Accumulate | 79.25 Baht |
