I just noticed that Thai power utility stocks in the power-plant group are becoming increasingly interesting. Whether you are a beginner or a seasoned investor, this business delivers relatively consistent returns and is seen as a safe asset in an investment portfolio.

When you think it through, electricity is necessary for both industry and households, whatever the market situation may be. Demand remains all the time. That’s why these power stocks have fairly stable revenue and pay dividends continuously. For those who want regular income from their portfolio, this is a very solid option.

Let’s look at the real ones. There are currently 8 main power stocks that are worth considering. Starting with GULF, which has the highest market capitalization at 795.55 billion baht, with a relatively good P/E of 8.4x. The current price is 54 baht. Next is GPSC with a market cap of 109.26 billion baht, a P/E of 18.7, and a price of 38.75 baht. Then there is RATCH with a market cap of 67.97 billion baht, a P/E of 11.2, and a price of 31.25 baht.

Each one has different characteristics. GULF is a leading energy producer, covering electricity, gas, renewable energy, and infrastructure. GPSC focuses on innovation and sustainability. Meanwhile, EGCO is a major private power producer expanding on a global scale, covering Asia-Pacific and North America.

For those who prioritize clean energy, BCPG and EA are worth keeping an eye on. BCPG operates in clean energy through disciplined investment and develops Energy as a Service. EA focuses on innovation and technology, ranging from renewable energy and batteries to electric vehicles.

Why are they worth investing in? First, stable income, because this business can generate profits continuously. Second, they are considered safe stocks, or Defensive Stocks, which still provide reliable income even if the market declines. Third, dividend payments are quite consistent, making them suitable for those seeking passive income. Fourth, they receive support from the government through plans like PDP and AEDP, which set the direction for power generation in the country.

Another point to note is that the green energy trend continues to grow. Even if some countries adjust their policies, the clean energy sector still receives support through subsidies and policy measures. Therefore, power stocks are suitable for long-term investment.

If you want to get in, buying power stocks through the Thai stock market—such as GULF or BGRIM—means choosing a Thai brokerage, such as บลจ.หลักทรัพย์บัวหลวง, บลจ.หลักทรัพย์กสิกรไทย, or บลจ.เมย์แบงก์ กิมเอ็ง. The minimum purchase is 100 shares. For example, buying 100 shares of GULF at 50 baht each requires around 5,000 baht. If the price rises to 55 baht, you gain 500 baht.

Another option is to buy through foreign brokers in the form of CFD, which has advantages such as being able to trade on both sides, leverage that helps you use less capital, and the ability to trade a variety of products—whether stocks, gold, currencies, or indices.

Overall, power stocks deserve to be called Defensive Stocks because electricity is a necessity and energy security is extremely important. Investing in this sector is like diversifying risk in your portfolio. For investors with limited risk tolerance, power stocks are a worthwhile option to consider.