Ratch Group Public Company LimitedRATCH set a 20 billion baht five-year investment budget for renewable expansion and announced a 0.70 baht interim dividend to fund growth, prompting broker upgrades to Buy.

Land and Houses Securities noted that RATCH is in talks with 5-6 data center operators to utilize the former RG power plant site, which has the potential to support up to 1,400 megawatts. The company benefits from low land costs and comprehensive infrastructure. Meanwhile, RATCH, together with partners, is preparing to bid for a large gas-fired power plant in Indonesia of about 1,000 megawatts, which is an expansion of the Paiton power plant and is part of Indonesia's long-term power development plan. The company has set an investment budget of 20 billion baht over the next five years to expand renewable energy both domestically and internationally, aiming to increase the renewable energy share to 40% by 2035 and 50% by 2040, up from the current 31% of its 9,484 megawatt capacity. Additionally, RATCH announced an interim dividend of 0.70 baht per share, down from the usual 0.80 baht, to prepare capital for growth. As a result, brokers have upgraded their recommendation to "Buy," viewing the stock as transitioning from a dividend stock to a growth stock.
Ratch Group Public Company LimitedRATCH set a 20 billion baht five-year investment budget for renewable expansion and announced a 0.70 baht interim dividend to fund growth, prompting broker upgrades to Buy.