Gunkul Engineering Likely a Play on Thailand's Green Economy Policy -- Market Talk

Dow Jones03-25 13:12

0512 GMT - Gunkul Engineering is likely a play on Thailand's green economy policy, Thanachart Securities' Nuttapop Prasitsuksant says in a research report. There is significant upside potential from the government's coming Power Development Plan, which should unlock more renewable contracts for Gunkul Engineering, the analyst says. The Thai company's construction revenue base is expected to increase to 5.5 billion baht a year in 2026-2028 from 3.3 billion baht in 2025. Gunkul Engineering, which is involved in the power and renewable-energy sector, has secured power purchase agreements to expand its operating renewable capacity to 1.5 gigawatts in 2030 from 0.6 GW in 2025. The brokerage raises the stock's target price to 2.70 baht from 2.50 baht, with its buy rating unchanged. Shares are 3.5% higher at 2.38 baht. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 01:12 ET (05:12 GMT)

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