BANPU Gains 1.3%, Analyst Sees the Continued Rise in Coal Price to Bolster 2Q Outlook
BANPU rose 1.31% or ฿0.20/share to ฿15.50/share as of 12:06 local time in Thailand, with a trading value of 1,301 million baht.
The share price of Banpu Public Company Limited (BANPU) rose 1.31% or ฿0.20/share to ฿15.50/share as of 12:06 local time in Thailand, with a trading value of 1,301 million baht.
LH Securities (LHS) recommended a “Speculative-Buy” rating on BANPU with a target price of 17.50 baht per share, citing the continued rise in global coal prices. As of now, the price has already exceeded USD120. Thus, LHS forecasts that the relentless rise in coal prices, together with the restart of the Hongsa Power Plant, will bolster BANPU’s 2Q21 outlook.