0212 GMT - B.Grimm Power's shares look expensive to Thanachart Securities after the stock's sharp rebound from last year's low, analyst Nuttapop Prasitsuksant says in a report. The stock is trading at 26X estimated 2026 earnings, which appears pricey given projected EPS growth of 16% in 2026 and 27% in 2027, the analyst says. The brokerage cuts its 2025 and 2026 earnings estimates for the industrial energy producer by 12% and 8%, respectively, partly due to slower-than-expected profit increase for new projects in their early years. Thanachart Securities lowers its rating on the stock to sell from buy and its target price to THB12.00 from THB14.00. Shares last closed at THB13.70. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 15, 2026 21:12 ET (02:12 GMT)
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