บทวิเคราะห์ (Research)

BGRIM - Financial challenges ahead The tone was negative at the latest analyst briefing. We estimate BGRIM would have to make substantial investments to meet its target to derive 50% of power generation volume from renewables by 2030. That could strain its finances and prompt them to sell assets or seek partnerships. Consequently, we slashed 2024-26F earnings after raising assumptions for financial costs. Maintain Trading Buy recommendation with a new TP of Bt24.50.