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The Thai stock market is likely to remain volatile in the short term as investors await more clarity on the formation of the new government and its policy implementation. However, in the long term, analysts expect that a stable and democratic government will be positive for the Thai economy and market sentiment.
TRIS Rating affirms the company rating on Gunkul Engineering PLC (GUNKUL) at "BBB+" with a "stable"
Gunkul Engineering Plc, a renewables developer and construction firm, is working with Gulf Energy Development Plc, Thailand's largest power producer by market value, to expand its renewable power businesses through government clean energy projects.
SET-listed Gulf Energy Development and Gunkul Engineering Plc will appeal a Nakhon Ratchasima Administrative Court ruling revoking their land rights to operate a wind farm in the northeastern province.
TRIS Rating upgrades the company rating on Gulf Energy Development PLC (GULF) to "A+" from "A" and