Gulf Energy, TH8319010Z06

Gulf Energy raises THB 20 billion and FSSIA lifts Gulf Energy stock target to THB 89.50

Published on 10/25/2026 at 00:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 16.00 percent to THB 44.50 billion. Gulf Energy stock closed at THB 61.75 on October 22, 2026.

Funding and valuation context

Gulf Development announced THB 20.0 billion of debentures on October 22, 2026.
FSSIA raised its target from THB 76.00 to THB 89.50 on October 2, 2026.
Gulf Energy had a market capitalization of THB 922.5 billion as of October 22, 2026.

Gulf Energy, TH8319010Z06, Illustration mit AI erstellt.

Gulf Energy (ISIN TH8319010Z06) raised THB 20.0 billion through an oversubscribed debenture offering on October 22, 2026, while FSSIA had lifted its target for Gulf Energy stock to THB 89.50. The bond announcement came from Gulf Development.

Funding supports expansion plans

The latest financing adds to Gulf Energy's ability to fund power, infrastructure, and digital projects. The company investor-relations page also lists a THB 1.00 million data center unit established on October 14, 2026, and a waste-to-energy project that started commercial operations on October 1, 2026.

FSSIA kept its Buy rating and raised its target from THB 76.00 to THB 89.50 in a report dated October 1, 2026, according to Kaohoon International. The brokerage cited power demand from artificial intelligence infrastructure and renewable bidding as key factors.

What does the latest quarter show?

Gulf Energy reported second-quarter 2026 revenue of THB 44.50 billion, up 16.00 percent from the same quarter of 2025, while net income reached THB 12.40 billion, down 81.00 percent year over year, according to Simply Wall St. The contrast leaves financing capacity and project execution as important counterweights to weaker quarterly profitability.

Three dated steps in expansion

On September 29, 2026, a Gulf Development unit bought 50 percent stakes in seven firms for THB 467 million. On October 14, 2026, the company established a data center unit with registered capital of THB 1.00 million. On October 22, 2026, it raised THB 20.0 billion through oversubscribed debentures, according to the dated company announcements summarized by MarketScreener.

What date comes next?

Gulf Development is scheduled to release its third-quarter 2026 results on November 16, 2026, according to MarketScreener.

SET valuation after the financing

Gulf Energy closed at THB 61.75 on the SET on October 22, 2026. Its market capitalization was THB 922.5 billion, and its 52-week range was THB 39.75 to THB 68.50 on that date. Global Banking and Finance identifies Gulf Energy Development as GULF.BK on the SET under the stated ISIN.