BANPU Inches Higher on Rising Demand for Coal Ahead of the Winter

The share price of Banpu Public Company Limited (BANPU) rose THB0.40/share or 3.60% to THB11.50/share as of 15.32 hrs. local time in Thailand, with a trading value of THB3,383 million.

LH Securities maintains a “BUY” rating on BANPU, with a target price of THB14.00 per share. Given the anticipated rise in the price and sales of coal during the winter, LH forecasts a positive profitability outlook for BANPU in 4Q21, as well as in 2022. Additionally, its subsidiary Banpu Power (BPP) plans to start production of additional power plant projects next year.