GPSC jumps 4% as KGI raises target to 60 baht on PDP2026 plan

Kaohoon··THIN·Read original
3▲1 ▼0Impact / 5
Summary · why it matters

GPSC shares climbed 3.59% to 50.50 baht on trading value of 268.20 million baht, driven by speculation ahead of clarity on the new Power Development Plan, PDP2026, and on data centre business criteria expected to be submitted to the Cabinet and to take effect by October 2026. KGI Securities (Thailand) said in a research note that it holds a positive view on GPSC and assigns a base target price of 60 baht, seeing clarity on both issues as a positive factor for power plant stocks, including GPSC. An additional supporting factor is the planned listing of GPSC's renewable power business in India, Avaada, on the Indian stock exchange, expected to take place during 2027-2028, which could help unlock investment value and create further value-creation opportunities for GPSC down the road.

Impact on assets 2

Energy Transition & Power Demand▲
Global Power Synergy PCL
GPSC
▲ PositiveCapitalrelevance

KGI Securities assigns a base target price of 60 baht and holds a positive view on GPSC amid PDP2026 and data centre criteria clarity.

Financials▲

Off-coverage companies 1

Avaada Groupi
Private▲ PositiveCapitalrelevance

GPSC's renewable power business Avaada is planned for an IPO on the Indian stock exchange in 2027-2028, which could unlock investment value.