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BTP [NON RATED] - The king of droughts - Visit Note

Company Research

11 Apr 2014

As EVN predicts limited rainfall will cut on the output of electricity generated by hydropower plants, BTP received a 30% increase in electricity generation orders for 2014. However, a concurrent decline in unit sales price to EVN will limit net profit growth to only 3%. With limited growth prospects, BTP appears expensive compared to its domestic peers.
Tags: BTP

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