CKP Gains 4%, Analysts Expect 2Q NP to Reach New High on Increased Mekong Water Flow
CKP rose ฿0.25/share or 4.31% to ฿6.05/share as of 10:50 local time in Thailand, with a trading value of 125 million baht.
CKP rose ฿0.25/share or 4.31% to ฿6.05/share as of 10:50 local time in Thailand, with a trading value of 125 million baht.
22 ก.ค. 2564

The share price of CK Power Public Company Limited (CKP) rose ฿0.25/share or 4.31% to ฿6.05/share as of 10:50 local time in Thailand, with a trading value of 125 million baht.
Maybank Kim Eng Securities (MBKET) forecasts that CKP will earn 750 million baht in 2Q21 and will maintain its momentum in 3Q21, owing to China’s increased water discharge rate to the Mekong River, as well as a rainy season and the occurrence of Tropical Storm Koguma in northern Lao PDR, which is home to the Xayaburi and Nam Ngum 2 Hydroelectric Power Plants. Thus, MBKET has given a target price of 6.5 baht.
Meanwhile, Krungsri Securities (KSS) maintains a “BUY” rating on CPK, with a target price of 6.5 baht as well. KSS expects CPK’s earnings to reach a new high of 931 million baht vs  95 million baht net loss in 2Q20. Earnings would continue to grow in 3Q, supported by (i) high season in 3Q, and (ii) higher water inflow at NN2. 