Stocks to Watch Today: GULF Closes PPA Deal for 4 Wind Projects Totalling 346.5 Megawatts

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Summary · why it matters

Several companies announced business progress among today's stocks to watch. Gulf Energy Development, or GULF, signed power purchase agreements, or PPAs, for four wind power projects with a combined generating capacity of 346.5 megawatts with the Electricity Generating Authority of Thailand, or EGAT, pushing the company's Thai wind energy portfolio past 1,058.5 megawatts. All 14 projects are expected to reach commercial operation, or COD, by 2030, which will generate annual profit of 2 billion baht, while the latest four projects are set to add roughly 500 million baht per year in profit. KCE Electronics, or KCE, drew speculative interest on the chance of winning printed circuit board, or PCB, work to supply Tesla's Optimus robots. Management acknowledged the matter is under way but no conclusion has been reached, while brokers see a successful deal potentially lifting its P/E to 40 times and have raised their target price to 70 baht. Meanwhile, the National Broadcasting and Telecommunications Commission, or NBTC, announced the winners of the USO 3 auction with a combined value of 5,423.70 million baht, with THCOM and ITEL sweeping the two large areas worth a combined more than 2,448 million baht, while TRUE and INSET won the northern work worth 1,248.50 million baht, and ITEL and TKC took the southern work worth 965.70 million baht. Sky ICT, or SKY, was pleased that AOTGA awarded it two large projects spanning 25 years with a combined value of 67,300 million baht. The apron and ground support equipment service projects are expected to begin operating in the middle of next year, supporting earnings in 2027 with significant profit growth.

Gulf Energy Development Public Company Limited ▲

Sky ICT Public Company Limited ▲

KCE Electronics Public Company Limited ±

Interlink Telecom Public Company Limited ▲

Thaicom Public Company Limited ▲

True Corporation Public Company Limited ▲

Impact on stocks 9

Cloud & Digital Infrastructure▲ · 4 stocks

Interlink Telecom Public Company Limited

▲ PositiveDemandrelevance

ITEL won two large USO 3 auction areas worth over 2,448 million baht combined, plus southern work worth 965.70 million baht.

True Corporation Public Company Limited

▲ PositiveRegulationrelevance

TRUE won northern USO 3 auction work worth 1,248.50 million baht under the NBTC auction.

Infraset Public Company Limited

Mentioned

Turnkey Communication Services PCL

Mentioned

Energy Transition & Power Demand▲ · 1 stocks

Gulf Energy Development Public Company Limited

▲ PositiveDemandrelevance

GULF signed PPAs for four wind projects totaling 346.5 MW with EGAT, expanding its Thai wind portfolio past 1,058.5 MW and adding ~500M baht/year profit.

Information Technology▲ · 1 stocks

Sky ICT Public Company Limited

▲ PositiveDemandrelevance

SKY ICT was awarded two AOTGA apron and ground support equipment projects spanning 25 years worth 67,300 million baht.

Semiconductors▲ · 1 stocks

KCE Electronics Public Company Limited

± MixedDemandrelevance

KCE drew speculative interest on a possible Tesla Optimus PCB deal, but management said no conclusion has been reached.

Space Economy▲ · 1 stocks

Thaicom Public Company Limited

▲ PositiveDemandrelevance

THCOM was among the winners of the NBTC USO 3 auction, sweeping one of the two large areas.

Electrification & Mobility▲ · 1 stocks

Mentioned

Off-coverage companies 1

AOT Ground Aviation Services Company Limited (AOTGA)Private± Mixed

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