บทวิเคราะห์ (Research)

GPSC : Earnings preview - Expect earnings to be hit in 3Q We now expect GPSC to book only Bt785m net profit for 3Q24 (-56% yoy, -45% qoq) premised on weaker gross margin, smaller equity income, higher financing costs, and FX loss. We trimmed FY24F-26F earnings after adjusting for smaller equity income and higher financing costs, partly offset by lower SG&A expenses and corporate tax. We derived a revised target price of Bt47 (from Bt50). Maintain Trading Buy rating.