ALT Telecom Public Company LimitedNamed among stocks that could benefit under the DR & EMS pillar of Thailand's smart grid plan.
Bualuang Securities released an analysis stating that the development of Thailand's smart grid is nearing a turning point, moving from a phase focused on long-term roadmaps toward rule-setting, pilot project implementation, and greater private-sector participation. The medium-term smart grid drive plan for 2022-2031 comprises 5 pillars: Demand Response and Energy Management Systems, or DR & EMS, which accounts for roughly 30% of the budget; Renewable Energy Forecasting, or RE Forecasting, about 10%; Microgrid and Prosumer, about 20%; Energy Storage Systems, or ESS, about 25%; and EV Integration, about 15%. The analysis states that stocks that could benefit under the DR & EMS pillar include SKY, PIS, FORTH, PCC and ALT, while the RE Forecasting pillar includes TKC and SAMART. The Microgrid & Prosumer pillar includes BGRIM, the ESS pillar includes EA, GPSC, GULF and EGCO, and the EV Integration pillar includes FORTH and EA. Bualuang Securities takes the view that heavy investment in ESS and Microgrid should not be rushed from the early stage, because committing large amounts of capital to batteries, hardware and EPC work before pricing mechanisms and service markets are clear carries the risk of assets being underutilized. Meanwhile, DR/EMS forecasting and EV Integration require less capital and open up opportunities to generate revenue from platforms, service fees and recurring income.
ALT Telecom Public Company LimitedNamed among stocks that could benefit under the DR & EMS pillar of Thailand's smart grid plan.
B.Grimm Power Public Company LimitedNamed in the Microgrid & Prosumer pillar as a potential beneficiary of the smart grid build-out.
Energy Absolute Public Company LimitedNamed in both the ESS and EV Integration pillars as a potential smart grid beneficiary.
Electricity Generating Public Company LimitedNamed in the ESS pillar as a potential beneficiary of the smart grid investment plan.
Global Power Synergy PCLGPSC is named among stocks that could benefit under the ESS pillar of Thailand's smart grid plan, implying future battery/storage project opportunities.
Gulf Energy Development Public Company LimitedGULF is named among stocks that could benefit under the ESS pillar of Thailand's smart grid plan, implying future energy-storage project opportunities.
Precise Corporation Public Company LimitedPCC is named among stocks that could benefit under the DR & EMS pillar of Thailand's smart grid plan, implying demand for its demand-response/energy-management offerings.
Samart Corporation Public Company LimitedSAMART is named among stocks that could benefit under the RE Forecasting pillar of Thailand's smart grid plan, implying demand for its renewable-forecasting offerings.
Turnkey Communication Services PCLNamed among stocks that could benefit under the RE Forecasting pillar of Thailand's smart grid plan, implying potential demand from pilot project implementation.
Forth Corporation Public Company LimitedNamed in both the DR & EMS and EV Integration pillars as a potential smart grid beneficiary.
Sky ICT Public Company LimitedNamed among stocks that could benefit under the DR & EMS pillar of Thailand's smart grid plan, implying potential orders from pilot projects and private-sector participation.
Pro Inside Public Company LimitedPIS is named among stocks that could benefit under the DR & EMS pillar of Thailand's smart grid plan, implying demand for its demand-response/energy-management offerings.