Gulf Energy Development

GULF

TH8319010Z06

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 Companyâs 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.

Sector

Independent Power Producers

Calendar

2024-05-14 - Q1 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Ratings for Gulf Energy Development

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

39.5 THB

Average target price

54 THB

Spread / Average Target

+36.70%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Fossil Fuel IPPs

	1st Jan change	Capi.
GULF ENERGY DEVELOPMENT	-11.24%	12.58B
HUANENG POWER INTERNATIONAL, INC.	+20.05%	17.52B
JSW ENERGY LIMITED	+53.10%	13.1B
ZHEJIANG ZHENENG ELECTRIC POWER CO., LTD.	+40.35%	11.98B
SHAANXI ENERGY INVESTMENT CO., LTD.	+19.77%	5.3B
ABOITIZ POWER CORPORATION	-7.41%	4.39B
JIANGSU GUOXIN CORP. LTD.	+27.25%	4.36B
GLOBAL POWER SYNERGY	-4.64%	3.54B
GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD.	+9.61%	3.51B
BEIJING JINGNENG POWER CO., LTD.	+18.24%	3.24B

Fossil Fuel IPPs

End-of-day quote Thailand S.E. Other stock markets 06:00:00 2024-04-18 pm EDT			5-day change	1st Jan Change
39.5 ^THB	-3.07%		-9.20%	-11.24%

Apr. 04	Gulf Energy Development Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on April 25, 2024	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

Gulf Energy Development Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on April 25, 2024	Apr. 04	CI
Gulf Energy Development Public Company Limited Announces the Notification of the Allotment of its Unsubordinated and Unsecured Debentures Valued THB 20,000 Million	Apr. 01	CI
Lower LNG prices trigger surge in Asian spot market purchases	Mar. 20	RE
Gulf Energy Development Public Company Limited Announces Execution of Agreements to Develop 10 Industrial Waste-To-Energy Projects and 3 Solid Recovered Fuel Production Facilities	Mar. 11	CI
Earth Tech Environment Public Company Limited Signs a Shareholder Agreement with Gulf Waste To Energy Holdings Company Limited	Mar. 11	CI
Earth Tech Environment Public Company Limited agreed to acquire a 33% stake in Suntech Innovation Power Company Limited from Westech Exponential Company Limited and Gulf Energy Development Public Company Limited	Mar. 11	CI
Gulf Energy Development Public Company Limited entered into agreement to acquire 50% stake in Get Green Power Company Limited from Earth Tech Environment Public Company Limited.	Mar. 11	CI
GLOBAL LNG-Asia spot prices hit near three-year lows as weak demand weighs	Feb. 23	RE
Gulf Energy Development Public Company Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on April 25, 2024	Feb. 15	CI
Gulf Energy Development Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 15	CI
Gulf Energy Development Public Company Limited Announces Establishment of Gulf Power Generation Services Company Limited	Dec. 21	CI
Gulf Energy Development Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 09	CI
Gulf Energy Development Public Company Limited Enters into Power Purchase Agreements with the Provincial Electricity Authority	23-10-16	CI
India wants Saudi Aramco to develop strategic petroleum reserve as ties strengthen	23-10-11	RE
Gulf Energy Development Public Company Limited to Enter into A Private Power Purchase Agreement and an Engineering, Procurement and Construction Agreement with Advanced Wireless Network Company Limited and Fax Lite Company Limited	23-09-22	CI
Gulf Energy Development Public Company Limited and China Datang Overseas Investment Co., Ltd. Enter into Power Purchase Agreement with the Electricity Generating Authority of Thailand for the Development of the Pak Beng Hydroelectric Power Project	23-09-21	CI
Gulf Energy Development Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-10	CI
Vietnam's big bet on LNG may not ease its power crisis	23-07-16	RE
Shares in some Thai companies fall after Sunday's election	23-05-15	RE
Mitsubishi Power starts natgas turbine operation in Rayong, Thailand	23-04-19	RE
Gulf Energy Development Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-14	CI
Gulf Energy Development Public Company Limited Approves Dividend for the Year Ended December 31, 2022, Payable on April 27, 2023	23-04-05	CI
Gulf Energy Development Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-15	CI
Keppel, Keppel Infrastructure Trust Conclude 305 Million Euro Investment in Offshore Wind Farm in Germany	22-12-22	MT
Gulf Energy Development Public Company Limited Announces Establishment of Gulf Advisory Services Company Limited	22-12-16	CI