5 Analysts Rate “BUY” on GPSC, Owing to the Continued Investment in Renewable Energy

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