GUNKUL Jumps 7% in Response to the 2020 Revenue Forecast that Likely to Surpass ฿10bn

The share price of Gunkul Engineering Public Company Limited (GUNKUL) today at morning session closed at 2.72 baht/share increased 0.06 baht/share or 2.26% reached the highest at 2.76 baht/share and hit the lowest point at 2.68 baht/share with the total trading value of 74.01 million baht.

Gunkul’s share price rises 5 days consecutively since 3 February which was closed at 2.54 baht/share boosted 0.18 baht/share or 7.08%

Miss Sopacha Dhumrongpiyawut, the President of GUNKUL, revealed the company forecast that the revenue of 2020 has a high possibility to surpass 10 billion baht or to jump over 25% compared to the previous year growth, which was expected to gain 7.7 billion baht. In 2020, GUNKUL will acknowledge the total revenue of all solar power plants, including the farms in Thailand and Malaysia. The report expected that the share price boosted in response to the issue of revenue forecast. 

The revenue of GUNKUL from the energy sector accounted for around 60 – 65% dropped from 80%, while the earnings of construction sector surged to 35 – 40% from 20% as GUNKUL has been awarded more construction works.