Share price SHE This morning, a five-month rebound in New Heights responded to the Ministry of Energy to accelerate the push for EV projects, while analysts estimate the year ’16 profit will do All Time High and have an upside from electric bus sales. But the share price rose 17.91% over the past week. Will investing in this period be appropriate or not? Must follow!
*** New High share price for 5 months. EV
Share price of Pure Energy Public Company Limited or SHE This morning (29 Dec ’20) jumped to a high of 51 baht, made a 5-month new high before closing the morning trade with a price of 48.50 baht, an increase of 0.25 baht or 0.52%. 249.18% increase from 5 previous business days
The analysis of KTB Securities (Thailand) Securities Company (SEC) identifies the reasons for the SHE This morning rose to new heights for 5 months as the stock price responded to good news. In case the Ministry of Energy promotes the EV program, which is a positive factor for companies that actively operate in the battery and charger business SHE As a battery manufacturer. SHE Also benefited from the transportation of electricity in the Chao Phraya River as well
*** Keep an eye on 3 factors that support the accelerated profit from Q4 / 63 onwards.
Finansia Syrus Securities stated that net profit growth. SHE Will begin to accelerate from the fourth quarter of 2020 onwards, with 3 factors supporting as follows
1. Natural wind This will help drive net profit from wind power plants up 30-50% compared to the previous quarter. It is expected that the ratio of actual electricity capacity to capacity (Capacity Factor) will increase to 30 – 35% in 4Q20, only increasing from the previous quarter of 19%.
2. Improved net profit from PCM (Phase Change Mmaterial) plant after 65 tonnes per day high utilization rate.
3. Net profits from electric car factories And electric buses Including the 1GWh Stage 1 Battery Factory that is expected to begin recognizing revenue in 1Q21.
Yuanta Securities (Thailand) provided additional information about the 1GWh battery stage 1 factory that it is currently undergoing a little more machine installation. SHE Utilization rate target year 64 at 75% by the battery factory. It has special features to adjust the proportion of production in accordance with continuously evolving technology. Causing limited impact from technology disruption
*** Year ’64 profit, aiming to make All Time High and have upside
Finansia Syrus Securities estimates EA’s net profit of year 64 at Bt7,342m, which is the company’s all-time high, with key growth factors. From the delivery of 4,500 electric cars in the year 64
At the same time, the net profit of SHE There are still upsides from the sale of 3,000 electric buses, approximately 800 million baht per year, which has not yet been included in the projected net profit of 7,342 million baht, believing that the market still estimates the possibility of Upside side From the electric bus project is too low Which we see this might be an unexpected positive factor for EA’s profit from ’64 onwards.
While Yuanta Securities (Thailand) stated that SHE It will begin to gradually deliver electric buses to one private customer for 300 vehicles, with the first batch of 100 vehicles delivered in 1Q21.
side Mr. Amorn Sapthaweekul Deputy Chief Executive Officer SHE Revealed that the electric bus assembly plant will be completed in 2Q21 with an annual capacity of 3,000 vehicles and can increase production to 6,000 vehicles per year. There have been hundreds of orders, and in ’64 if the Bangkok Mass Transit Authority (BMTA) opened auction for 2,500 electric buses. SHE Can produce electric buses for sale to the auctioneer immediately
*** Broke looks at the stock price in an uptrend mode.
Last 1 week stock price SHE Up 17.91% and back in a bullish period again, with CGSC IMB Securities that if the share price SHE Able to move through the resistance of 49 baht, there is a chance that the stock price will rise further to test the next resistance at 54 baht.
While Finansia Syrus Securities stated that the share price SHE Revealed to the resistance level at 48.50 baht, if able to pass such price levels. Will be a new round of stock price recovery
Krungsri Securities provided additional information that the share price SHE The price moved above the EMA for 10 consecutive days, indicating that the stock price was in a positive direction.
*** Broke likes to grow, recommend “Buy”
According to opinion polls, most analysts recommend “buy” as they see the growth potential of SHE From the EV policy of the Department of Energy that will start to push more from the year 64 onwards
| Securities | Advice | Reasonable price (B.) |
| Phillips | buy | 52.50 |
| CGSC IMB | buy | 54.00 |
| Finansia Cyrus | buy | 56.00 |
| Average price | 54.16 | |
Project push EV The Ministry of Energy intensified in the year 64 is beneficial to SHE Not least, which has the opportunity to make a 64 year net profit of SHE Hit the all-time high according to analysts’ estimates. And if investors think that The policy will drive growth for SHE Actually investing in stocks SHE Recently, it is interesting!
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