บทวิเคราะห์ (Research)

EGCO : Positive outlook support rating upgrade EGCO highlighted three key developments at the latest analyst briefing: Yunlin Offshore Wind Farm would be completed by end-2024, they are finalizing the new PSA for QPL, and their US power plants, particularly APEX, we expect that to contribute 20% of group equity income. These positive factors prompted us to raise FY25F/26F earnings. Given the solid earnings growth outlook, and attractive dividend yield and valuation, we upgraded EGCO to BUY (from Trading Buy) with a higher target price of Bt149 (from Bt128).