0606 GMT - Gulf Development is poised to benefit in the short term from the launch of Thai ESG Extra funds next month, given the company's strong alignment with sustainability criteria, CGS International's Rasmiman Sermprasert says in a research report. These funds prioritize investments in companies with robust environmental, social and governance practices. With its AAA ESG rating, Gulf Development stands out among 56 stocks in this category, the analyst says. As the Thai company is a prominent player in the utilities sector and is committed to renewable energy and sustainability, it is positioned favorably for inclusion in these funds. The brokerage initiates stock coverage with an add rating and a target price of THB63.00. Shares are 1.1% higher at THB47.75. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 02:06 ET (06:06 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.