Brokers recommend gradually accumulating SSP shares, anticipating that the company's performance will enter a new growth cycle in 2026, supported by the new PDP plan and the operation of two waste-to-energy power plants, as well as the opportunity for an annual dividend yield of 4-5%. Analysts from Yuanta Securities (Thailand) expect normal profit for the third quarter of 2026 to be 120-140 million baht, growing from the previous quarter and the same period last year, driven by seasonal factors of solar power plants in Japan and wind power in Vietnam, as well as increased revenue from the SPN project and recognition of revenue from the Leo 2 project, which began commercial operation in November 2025. Meanwhile, the sale of the Yamaga project in Japan, with a capacity of 30 megawatts, is expected to recognize a special gain of approximately 500 million baht in the third quarter of 2026. Analysts from Asia Plus stated that normal profit has passed its trough and set a 2027 fair price at 5.6 baht, excluding the Bago wind project in the Philippines with a capacity of 150 megawatts, as it is still in the process of securing a PPA.
Sermsang Power Corporation Public Company LimitedBrokers recommend gradual accumulation, citing trough profit, 2027 fair price of 5.6 baht, and expected 4-5% dividend yield.
Asia Plus Group Holdings PCL
