On Wednesday at 10:37 AM (Bangkok time), the share price of CK Power Public Company Limited (SET: CKP) jumped by 5.38% or THB 0.14 to THB 2.74, with a trading value of THB 13.99 million.
CGS International Securities (Thailand) (CGSI) forecasts that CKP will report a robust net profit of THB 498 million for the second quarter of 2025, representing a 574% year-on-year increase and a 607% rise from the previous quarter. The strong performance is primarily driven by the recovery of profit contributions from Xayaburi Power Company Limited (XPCL) and Luang Prabang Power Company Limited (LPCL).
The outlook for the third quarter of 2025 remains positive, supported by higher water inflows at Nam Ngum 2 (NN2) and XPCL, alongside a neutral ENSO forecast despite the presence of Tropical Storm Wipha.
As a result, the analyst maintains a ‘Buy’ recommendation on CKP, citing the company’s industry-leading EBITDA margin, low debt-to-equity ratio, and improving return on equity (ROE). Core profit is expected to grow at a compound annual growth rate (CAGR) of 15% from 2024 to 2027.
