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PRMs share price declined in three months and thereby underperformed the SET Index by 20%. We believe downside risk from the current level will be limited, as KTBST foresaw a brighter earnings outlook in 4Q20-2021E should PRM receive one FSU ship in 2021E. KTBST saw a downside risk of Bt100mn to its 2021E net profit forecast, which however would grow 6-7% YoY, if PRM fails to receive the FSU ship.
PRMs share price declined in three months and thereby underperformed the SET Index by 20%. We believe downside risk from the current level will be limited, as KTBST foresaw a brighter earnings outlook in 4Q20-2021E should PRM receive one FSU ship in 2021E. KTBST saw a downside risk of Bt100mn to its 2021E net profit forecast, which however would grow 6-7% YoY, if PRM fails to receive the FSU ship.
Mr. Chawalit Tippawanich, President and Chief Executive Officer (Executive Director), of Global Power Synergy Public Company Limited (GPSC) has signed an MOU with PTT Public Company Limited (PTT) to research and develop the project of battery pilot plant by using semi-solid technology. The semi-solid technology is a new lithium-ion batteries production process of 24 technology which GPDC invested.
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