On Friday at 3:15 PM (Bangkok time), the share price of B.Grimm Power Public Company Limited (SET: BGRIM) expanded by 1.75% pr THB 0.30 to THB 17.40, with a trading value of THB 640.74 million.
Land and Houses Securities (LHS) wrote that BGRIM is set to benefit from a recent decline in spot LNG prices, which had previously reached record highs. Although BGRIM’s second quarter 2026 profit may not stand out due to an increase in average gas costs on a quarter-on-quarter basis, the gradual easing of gas prices is expected to improve the company’s cost structure over time.
BGRIM has adopted a strategic plan to increase its proportion of renewable energy in an effort to reduce its reliance on profits from Small Power Producer (SPP) projects. The company’s Nakwol 1 wind power project in South Korea, currently 79% complete, stands as a significant milestone within this strategy. In addition, BGRIM continues to expand its solar energy initiatives in both Thailand and Vietnam.
Beyond its core power generation activities, BGRIM is also developing a data center business, in partnership with INET, which is currently under construction. Furthermore, the company’s ventures into the LNG sector in Malaysia are expected to provide a long-term boost to earnings.
Over the past month, BGRIM has attracted the highest foreign investor inflows among power producers, underscoring strong international confidence in the group’s prospects. The brokerage assigns a ‘Buy’ recommendation on BGRIM, with a target price of THB 19.10 per share.
