Stock GULF GULF ENERGY DEVELOPMENT
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Company Gulf Energy Development

Equities

GULF

TH8319010Z06

Independent Power Producers

End-of-day quote Thailand S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
40 THB -3.03% Intraday chart for Gulf Energy Development +1.27% -10.11%
Apr. 23 Earth Tech Environment Public Company Limited Enters into Share Purchase Agreement with Gulf West to Energy Holdings Company Limited to Jointly Develop the Project for Industrial Waste-To-Energy Power Plants CI
Apr. 01 Gulf Energy Development Public Company Limited Announces the Notification of the Allotment of its Unsubordinated and Unsecured Debentures Valued THB 20,000 Million CI

Business Summary

Gulf Energy Development Public Company Limited is a Thailand-based holding company. The Company is engaged in generating and selling electricity and steam, storing, and converting natural gas from liquid to gas, providing satellite services and other businesses in domestic and international. The Company operates through four segments: Power business, Consulting business, Infrastructure business, and Satellite business. It also provides management services to power projects within the group from the development and construction stage to the management stage after commencement of commercial operation. The Company's Energy Business, comprised of gas-fired power generation business and other related businesses, renewable energy business and gas business. The Company’s subsidiaries include Independent Power Development Co., Ltd., Gulf MP Co., Ltd., Gulf Renewable Energy Co., Ltd., Gulf LNG Trading Pte. Ltd., Gulf Pattani Green Co., Ltd., Gulf Infrastructure Co., Ltd., and others.

Number of employees: 832

Sales per Business

THB in Million2022Weight2023Weight Delta
Power
93.0 %
89,236 94.8 % 106,125 93.0 % +18.93%
Infrastructure
3.7 %
4,212 4.5 % 4,195 3.7 % -0.40%
Satellite
2.3 %
0 0.0 % 2,627 2.3 % -
Consulting
1.0 %
703 0.7 % 1,107 1.0 % +57.47%

Sales per region

THB in Million2022Weight2023Weight Delta
Thailand
98.3 %
86,773 92.2 % 112,079 98.3 % +29.16%
Others
1.7 %
7,378 7.8 % 1,975 1.7 % -73.23%

Managers

Managers TitleAgeSince
Sarath Ratanavadi CEO
 Chief Executive Officer 58 17-05-24
Kitti Manassakorn DFI
 Director of Finance/CFO - 20-02-29
Yupapin Wangviwat DFI
 Director of Finance/CFO 55 13-12-31
Boonchai Thirati BRD
 Director/Board Member 70 13-12-31
Porntipa Chinvetkitvanit BRD
 Director/Board Member 61 12-12-31
Suporn Luckmunkong IRO
 Public Communications Contact - 16-12-31
Chattawan Jaijakul SEC
 Corporate Secretary - -
Olarn Srivalattha AUD
 Comptroller/Controller/Auditor 43 17-12-31
Ravi Kurmarohita PRN
 Corporate Officer/Principal 54 16-12-31
Bung-On Suttipattanakit PRN
 Corporate Officer/Principal 59 16-12-31

Members of the board

Members of the board TitleAgeSince
Somprasong Boonyachai BRD
 Director/Board Member 68 22-04-07
Sarath Ratanavadi CEO
 Chief Executive Officer 58 17-05-24
Santi Boonprakub BRD
 Director/Board Member 71 17-05-24
Raweporn Kuhiran BRD
 Director/Board Member 79 17-05-24
Porntipa Chinvetkitvanit BRD
 Director/Board Member 61 12-12-31
Boonchai Thirati BRD
 Director/Board Member 70 13-12-31
Yupapin Wangviwat DFI
 Director of Finance/CFO 55 13-12-31
Sommai Phasee BRD
 Director/Board Member 79 17-09-13
Chotikul Sookpiromkasem BRD
 Director/Board Member 48 16-12-31
Kasem Snidvongs BRD
 Director/Board Member - 17-05-24

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 11,733,150,000 2,912,987,821 ( 24.83 %) 0 24.83 %

Shareholders

NameEquities%Valuation
Sarath Ratanavadi
53.48 %
6,274,499,839 53.48 % 7 523 M ฿
Bank of Singapore Ltd.
5.254 %
616,432,105 5.254 % 739 M ฿
SINO-THAI ENGINEERING AND CONSTRUCTION
1.875 %
220,000,000 1.875 % 264 M ฿
Kasikorn Asset Management Co., Ltd.
1.046 %
122,777,577 1.046 % 147 M ฿
BBL Asset Management Co., Ltd.
0.9219 %
108,163,016 0.9219 % 130 M ฿
SCB Asset Management Co., Ltd.
0.7649 %
89,747,801 0.7649 % 108 M ฿
MFC Asset Management Public Co., Ltd. (Investment Management)
0.6501 %
76,280,455 0.6501 % 91 M ฿
Krungsri Asset Management Co., Ltd.
0.5436 %
63,778,629 0.5436 % 76 M ฿
Krung Thai Asset Management Public Co., Ltd.
0.2669 %
31,315,854 0.2669 % 38 M ฿
UOB Asset Management (Thailand) Co., Ltd.
0.2302 %
27,007,056 0.2302 % 32 M ฿
NameEquities%Valuation
State Street Global Advisors Ltd.
0.0605 %
7,097,984 0.0605 % 9 M ฿
Sjunde AP-fonden
0.0520 %
6,105,040 0.0520 % 7 M ฿
Northern Trust Fund Managers (Ireland) Ltd.
0.0185 %
2,165,530 0.0185 % 3 M ฿
Nomura Asset Management Taiwan Ltd
0.009627 %
1,129,597 0.009627 % 1 M ฿
Sumitomo Mitsui Trust Asset Management Co., Ltd.
0.003565 %
418,300 0.003565 % 501 558 ฿
Capital Investment Trust Corp.
0.002978 %
349,438 0.002978 % 418 990 ฿
Eurizon Capital SA
0.001778 %
208,642 0.001778 % 250 170 ฿
Russell Investments Implementation Services LLC
0.001075 %
126,100 0.001075 % 151 199 ฿
Sanlam Investment Management (Pty) Ltd.
0.000886 %
103,904 0.000886 % 124 585 ฿
Principal Asset Management (S) Pte Ltd.
0.000780 %
91,480 0.000780 % 109 688 ฿
NameEquities%Valuation
JPMorgan Asset Management (Singapore) Ltd.
0.0204 %
2,394,500 0.0204 % 3 M ฿
KLP Kapitalforvaltning AS
0.007088 %
831,640 0.007088 % 1 M ฿
Russell Investments Implementation Services LLC
0.002823 %
331,200 0.002823 % 408 469 ฿
State Street Global Advisors France SA
0.001685 %
197,651 0.001685 % 243 763 ฿
Daiwa Asset Management (Singapore) Ltd.
0.001449 %
170,000 0.001449 % 209 661 ฿
Nykredit Bank A/S (Investment Management)
0.000761 %
89,335 0.000761 % 110 177 ฿
Sanarus Investment Management LLP
0.000079 %
9,262 0.000079 % 11 423 ฿
Sparinvest SA (Denmark)
0.000000 %
0 0.000000 % - ฿
Security Kapitalanlage AG
0.000000 %
0 0.000000 % - ฿
Danske Bank A/S (Investment Management)
0.000000 %
0 0.000000 % - ฿

Holdings

NameEquities%Valuation
INTOUCH HOLDINGS
47.37%
 1,519,059,306 47.37% 2,872,632,291 $
THAICOM
41.14%
 450,914,734 41.14% 173,011,474 $
SPCG
8.98%
 94,801,626 8.98% 29,619,820 $

Company contact information

Gulf Energy Development Public Co. Ltd.

87 Wireless Road, M Thai Tower 11th floor, All Seasons place

10330, Bangkok

+66 2 080 4499

http://www.gulf.co.th
address Gulf Energy Development(GULF)

Sector

Utilities
Utilities
Electrical Utilities & IPPs
Independent Power Producers
Fossil Fuel IPPs

Sales per Business

Sales per region

Ratings for Gulf Energy Development

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
40 THB
Average target price
54 THB
Spread / Average Target
+34.99%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Fossil Fuel IPPs

1st Jan change Capi.
GULF ENERGY DEVELOPMENT Stock Gulf Energy Development
-10.11% 12.67B
HUANENG POWER INTERNATIONAL, INC. Stock Huaneng Power International, Inc.
+18.36% 17.24B
JSW ENERGY LIMITED Stock JSW Energy Limited
+46.81% 12.56B
ZHEJIANG ZHENENG ELECTRIC POWER CO., LTD. Stock Zhejiang Zheneng Electric Power Co., Ltd.
+36.88% 11.68B
SHAANXI ENERGY INVESTMENT CO., LTD. Stock Shaanxi Energy Investment Co., Ltd.
+20.23% 5.32B
ABOITIZ POWER CORPORATION Stock Aboitiz Power Corporation
-1.85% 4.63B
JIANGSU GUOXIN CORP. LTD. Stock Jiangsu Guoxin Corp. Ltd.
+26.33% 4.33B
GLOBAL POWER SYNERGY Stock Global Power Synergy
-1.55% 3.64B
GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD. Stock Guangdong Electric Power Development Co., Ltd.
+9.41% 3.5B
BEIJING JINGNENG POWER CO., LTD. Stock Beijing Jingneng Power Co., Ltd.
+15.54% 3.16B
Fossil Fuel IPPs
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