บทวิเคราะห์ (Research)

4Q24 net profit is estimated to grow 33.7%qoq to B1bn. Fx loss is expected to decrease to B25.2m from B258.1m in 3Q24. 4Q24 normalized profit is projected to grow 1.8%qoq to B1.5bn. Sales volume is expected to grow as EGAT buys power from GHECO-One for a full quarter, while gas cost drops qoq. Plus, shared profit from XPCL should grow as there is no plant shutdown. 1Q25 normal profit is expected to grow qoq as sales volume grows and SG&A decrease (seasonal effect).