Global Power Synergy Plc. (SET: GPSC) shares ended the week down 4% as analysts forecast a possible revenue drop in 1Q22.
The share price of GPSC dropped THB2.50/share, or 3.82% to THB63.00/share, with a trading value of THB1,062 million.
LH Securities maintained its “BUY” rating on GPSC with a target price of THB84.00, noting the company’s earnings outlook for the first quarter of 2022 remained dull due to rising gas and coal prices. However, coal prices have since declined from their early March high.