On Friday at 11:10 AM (Bangkok time), the share price of Banpu Public Company Limited (SET: BANPU) soared by 6.28% or THB 0.28 to THB 4.74, with a trading value of THB 301.37 million.
Kasikorn Securities (KS) anticipates BANPU’s earnings in the second half of 2025 to outperform the first half, driven by a projected rise in U.S. natural gas prices to $3.50–$4.00. The positive outlook is underpinned by ongoing international trade negotiations that may lead to greater demand for U.S. exports, with natural gas remaining a key product. As a result, BANPU stands to benefit from its natural gas operations in the United States.
Meanwhile, Krungsri Securities (KSS) notes that Indonesia’s central bank has lowered its policy rate by another 25 basis points to 5.25%, marking the fourth cut totaling 1% from last year’s high of 6.25%. This aligns with KSS’ view that Asian emerging markets are likely to reduce policy rates ahead of the U.S., as inflation in the region trends down. However, price stability could face renewed inflationary pressures from recent trade tariff measures.
The analyst believes the move towards monetary easing—along with the likelihood Indonesia will become the fourth country (after the U.K., China, and Vietnam) to strike a trade deal with the U.S.—is positive for Thai stocks with Indonesian exposure. Top beneficiaries include BBL, SCGP, BANPU, and SAPPE.
