GULF Achieves Thailand’s Top Corporate Brand Value in Energy and
Utilities for 4th Consecutive Year at ASEAN & Thailand’s Top Corporate Brands 2024
Caption: Gulf Energy Development Plc (GULF),
represented by Ms. Yupapin Wangviwat (right), Deputy Chief Executive Officer & Chief Financial Officer,
received Thailand’s top corporate brand award in the energy and utilities sector, amounting to THB
387,787 million, at ASEAN & Thailand’s Top Corporate Brands 2024 from Prof. Dr. Wilert Puriwat (left),
President, Chulalongkorn University. The awards ceremony was held at Chulalongkorn University
Auditorium, Bangkok.
Gulf Energy Development Plc (GULF) won ‘Thailand’s Top Corporate Brands’ award for achieving the
highest corporate brand value, amounting to THB 387,787 million, in the energy and utilities sector.
This recognition was part of the 15th ASEAN and Thailand’s Top Corporate Brands 2024. The continued
success affirms GULF’s strong corporate image, propelled by robust performance and adherence to good
governance principles.
Ms. Yupapin Wangviwat, Deputy Chief Executive Officer and Chief Financial Officer, GULF, said,
“This
award recognizes GULF’s dedication to continuous innovation and business development. It reflects
our strong financial position and stable cash flow, resulting from our commitment to good corporate
governance and responsible business operations, both environmentally and socially, to build brand
value and deliver sustainable returns for our shareholders.”
ASEAN & Thailand’s Top Corporate Brands 2024 is a joint award program organized by Chulalongkorn
Business School’s Master in Branding and Marketing (MBM) Program, the Stock Exchange of Thailand
(SET) and Manager Online. The purpose is to award to the organization with the highest corporate
brand value in Thailand and ASEAN. The brand valuation methodology employed by the judges was the
Corporate Brand Success Valuation, known as CBS Valuation. This method relies on data from the
financial statements of SET-listed companies from the past three years. The CBS Valuation formula
systematically integrates marketing, financial, and accounting principles to objectively quantify a
company’s brand value in financial terms. Organizations eligible for Thailand’s Top Corporate Brand
must have a corporate brand value of at least THB 5 billion.