CK Power Public Company Limited (CKP) disclosed during an analyst meeting that water volume in the third quarter of 2026 remains in the normal high season for its hydropower projects in Laos, and has not been affected by the super El Nino phenomenon. It expects to start seeing significant impacts in the fourth quarter of 2026 (from November-December 2026 onwards). Meanwhile, the Luang Prabang project (LPCL) in Laos, in which CKP holds a 50% stake, is about 77% complete and is expected to commence commercial operations as planned in 2030, with additional capital injections totaling 7.59 billion baht to be made gradually during 2026-2029. As for the two solar projects for BEM, they are expected to be operational within the third quarter of 2026. Regarding the new PDP plan, the company is mainly interested in participating in hydropower plant auctions in Laos or Vietnam, with additional interest in solar, as well as opportunities in Direct PPA projects for both hydropower and solar. Research expects normal profit for the third quarter of 2026 to be 800-900 million baht, growing from the previous quarter but declining from the same period last year, due to lower water volume and higher natural gas costs. It maintains a year-end 2026 fair price of 2.90 baht per share and maintains a TRADING recommendation.
CK Power Public Company LimitedQ3 high season for hydropower projects and expected operational solar projects for BEM indicate stable demand for CKP's power generation.
