explore stock price In the latest trade (Dec. 16), bright green “closed at the highest point”, led by big brother, Gulf Energy Development Public Company Limited or GULF closed at the day’s high at 54.25 baht, up 0.75 baht or 1.40%, while Global Power Synergy Public Company Limited or GPSC PTT Group’s power plant business not inferior also closed at the highest level of the day at 73 baht, up 0.50 baht or 0.69%
as well as B.Grimm Power Public Company Limited or BGRIM closed at a high of 39.75 baht, up 0.50 baht or 1.27%, as for Energy Absolute Public Company Limited or EA closely followed, closing high at 96.25 baht, up 1.25 baht or 1.32%
by the Energy Regulatory Commission (ERC) fixedvalue of Ft For household electricity users, it remains the same at 93.43 satang/unit when combined with the basic electricity charge of 3.79 baht/unit. This means that the electricity cost is still fixed at 4.72 baht / unit. to help ease the cost burden of the people According to the order of the Prime Minister
other groups Whether in the business sector, companies, department stores In all industries, small, medium or large, raise the other Ft 97.01 satang/unit to 190.44 satang/unit, which when combined with the basic electricity charge is 3.79 baht /unit. Make the electricity cost of this group increase to 5.69 baht / unit, the highest in history.
an actionincrease electricity billThis round would benefit power plant operators who will do sosell fireget a better price Currently, 70% of Thailand’s electricity consumption is mainly from the industrial and business sectors. The remaining 30% are households.
side Krungsri Guarantees note that Increasing Ft will benefit most SPP power plants. and solar farms with an adder of 8 baht / KWh If considering the share of industrial electricity users, it accounts for 18% of BGRIM’s total revenue and 46% of GPSC’s total revenue in the last 3rd quarter, derived from Sensitivity Analysis
find thatincrease Ft Every 0.01 baht / KWh will increase the net profit of BGRIM by 23 million baht per year and the net profit of GPSC by 63 million baht per year. As a result, BGRIM’s net profit increased to 2.2 billion baht from 1.9 billion baht and GPSC’s net profit increased to 6.1 billion baht from 5.5 billion baht.
However, the increase in profit depends only on the revenue side. But the actual impact will be less. Because the cost of gas (BGRIM, GPSC) and coal (GPSC) is higher, which found from the sensitivity analysis that the gas cost increased by 1 baht / million BTU. This will cause BGRIM’s net profit to fall by 18 million baht and GPSC’s profit by 30 million baht.
Asia Plus Securities He said that every 1 satang increase in Ft results in GPSC profit increasing by 60 million baht per year, BGRIM increasing by 21 million baht per year and GULF increasing by 30 million baht per year 1 baht/million BTU causes GPSC profit to decrease by 30 million baht per year, BGRIM decreases by 17 million baht per year and GULF decreases by 12 million baht per year.
sideLand and House Guarantees be considered a separationelectric chargingin two groups, a positive factor for the power plant group more than ever Because they had to adjust the Ft more than expected (1.5 baht / unit) to compensate for the residential part, which uses approx. 25% of electricity, allowing power plant operators SPP, BGRIM and GPSC, to increase their electricity prices higher. This will lead to a significant increase in profit from the sale of electricity next year due to stable gas costs and very high profit growth from a low base this year. And the level of profit will return close to the year 2020, when profit will be at its peak.
In addition, GPSC has additional positive points in its offensive.battery businessFrom “Nuovo Plus” (a joint venture with PTT) with an initial production capacity of 1,000 MWh by the 4th quarter of 2023 and increasing to 2,000 MWh by 2025.
