Yuanta Securities expects CK Power's normalised profit in the third quarter of 2026 to be 800 to 900 million baht, growing from the previous quarter and marking the year's high, supported by the high season for hydropower plants in Laos and no major maintenance shutdowns expected at the BIC plant. Normalised profit for the second quarter of 2026 is estimated at 202 million baht, up 74 percent from the prior quarter but down 43 percent from a year earlier. The research unit maintains a fair value of 2.90 baht per share and downgrades its recommendation to trading from buy, noting that the 8 percent share price rise since the start of the year has partly priced in progress on the new power development plan. It expects the share price may face pressure from the impact of a super El Niño phenomenon that is forecast to intensify from late 2026 through the second quarter of 2027.
CK Power Public Company LimitedQ3 profit expected to peak due to high season for hydropower plants in Laos, driving higher revenue.
No major maintenance shutdowns expected at BIC plant, supporting production.