BANPU Gains 13% as Coal Prices Continue to Rise
BANPU's share price continues to rise since last week after the future Newcastle coal price hit a record high
BANPU's share price continues to rise since last week after the future Newcastle coal price hit a record high
6 ก.ย. 2564

The share price of Banpu Public Company Limited (BANPU) rose ฿1.50/share or 13.16% to ฿12.90/share as of 15:42 local time in Thailand, with a trading value of 3,315 million baht.
Since last week, BANPU’s share price has continued to rise as the future Newcastle coal price reached a record high of US$179/MT. This year, the price has increased 112%.
KTBST Securities (KTBST) has set a target price of 12.50 baht on BANPU, in line with an upwards trend in coal prices. The market consensus forecasts that BANPU will earn 9.2 billion baht and 8.5 billion baht in 2021-2022, respectively, recovering from a loss in 2020. This would mostly be accomplished through ongoing investment in new businesses, both power and energy, domestically and internationally. Furthermore, BANPU has demonstrated its readiness to shift its core business to renewable energy and electric vehicles.