CGS International sees Electricity Generating gaining from bigger Linden Cogen stake
CGS International says Thailand's Electricity Generating should see earnings gains from a larger 50% stake in the Linden Cogen plant from 2027.
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what happened
Market Talk reports that CGS International analyst Rasmiman Sermprasert expects Thailand's Electricity Generating to benefit financially from its enlarged holding in the 980 MW Linden Cogen facility in the United States. This month the independent power producer agreed to buy another 12% of the plant, lifting its share to 50%. The analyst expects the deal to add to earnings starting in 2027, provided the necessary US regulatory clearances arrive by early January 2027.
CGS has raised its 2027 earnings-per-share estimate for the company by 3% and its 2028 estimate by 2%. The target price moves up to 158.50 baht from 158.00 baht, and the add recommendation stays in place. The stock was flat at 125.50 baht.
why it matters
For the market this is a narrow revision: one brokerage call on one company. The timing of the earnings lift depends directly on US regulatory approvals, so a delay would push back the expected effect. The note is mainly relevant to investors in Thailand's power sector.
tags
instruments
sources
- Electricity Generating's Earnings Set to Benefit From Larger Stake in Linden Cogen Plant — Market Talk, 20 October 2026 at 07:19 UTC
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