Deal broker Gulf Energy Development Public Company Limited (GULF) has Gulf Innova Company Limited sign a memorandum of cooperation with Binance Group to jointly study and formulate a plan. Developing Digital Asset Exchange and related businesses in Thailand This is a long-term positive sentiment on the profit base in the digital infrastructure business. but still only at the study stage Recommend to wait for clarity. The reason why it still takes another period of time. Warning that there may be Sell on fact.
Analysis of Asia Plus Securities indicates that GULF and Binance join forces to support the Digital Asset theme in the continuously bustling market. It gives an opportunity to expand the business into other digital assets. relevant in the future By signing a memorandum of agreement this time Combining the strengths of both companies, GULF has the experience and expertise in developing and pioneering new businesses in the country, while Binance specializes in cryptocurrency exchanges. It is one of the fastest growing companies on record. and has the largest volume of digital assets traded in the world
This is a long-term positive sentiment that will build on the profit base in the structure business. GULF’s digital fundamentals in the future may be a good sentiment for the share price. Like other stocks that is related to the clip master business In recent times, however, GULF’s entry into the aforementioned business is still in its early stages. Currently, it is under study and has not made any investments. which takes time and has not yet created added value at present
While Trinity Securities stated that GULF shakes hands with Binance, it is seen as a good step towards Megatrend. Only with the strong share price coupled with the high valuation of the stock. Therefore, it is seen that there may be a risk that the shares may find selling pressure as well. Sell on fact as well. The next issue that should be followed is the view of the regulators on the said deal. and progress on sensitive measures such as tax collection
As for Finansia Syrus Securities, stated that it is a positive sentiment and expands its digital business further. In addition to the previous period, it joins hands with Singtel to invest in data center business in Thailand. Overall, it is a positive sentiment and opens upside growth. in the future GULF’s current target price of Bt56 maintains a BUY rating.
Incidentally, GULF prices have been rising steadily since they opened in 65, with the closing price yesterday at 52 baht from the 64 year-end closing price of 45.75 baht.
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