GULF-BGRIM Share the Same Rocket to Soar Sky High, Passing an All-Time High!

On September 2, 2019, the share price of Gulf Energy Development Public Company Limited (GULF) had made a high jump to close at ฿158.50/share, rose ฿13.50/share or 9.31% with a trading value of 3.57 billion baht. During the session, the share price had made an all-time high at ฿160.50/share while the lowest was ฿144.00/share.

The rise of GULF’s share price might due to the news of the company aiming to invest in the LNG power plant in Vietnam with a capacity of 6,000 MW and a hydropower plant in Laos with a capacity of 2,500 MW by holding 30-35% stake in the project. The two projects are expected to have in-depth details and a solid agreement in 2020.

Another big name in power plant business like B.Grimm Power Public Company Limited (BGRIM) also reached an all-time high as well. The share price rose ฿1.50/share or 3.82% to ฿40.75/share with a trading value of 598 million baht.