EP Soars 7% to Bt5.25 after a Projection of Making a New High in 2020 Earnings

EP Soars 7% to Bt5.25 after a Projection of Making a New High in 2020 Earnings.

The share price of EP rose ฿0.35/share or 7.14% to ฿5.25/share as of 15:59 local time in Thailand on Tuesday with a trading value of 72.7 million baht after the company projected a record high for its operating results in 2020.


Mr. Yuth Chinsupakul, Chairman of the Board of Eastern Power Group Public Company Limited (EP), expected its operating results in 2020 to record a new high in revenue and net profit in response to the selling of domestic and overseas power plants, resulting in better cash flows, especially the D/E that decreased from 3x to only 1x.

Meanwhile, earnings from selling of power plants give EP the opportunity to further its investment in other wind power projects in Vietnam. The company estimated an equity IRR around 20%, which is higher than anticipated.

The company moved forward in the construction of four wind power projects in Vietnam, consisting of HL3, HL4, TN and MN Projects with a total production capacity of 160MW. Moreover, the company still seeks the opportunity to expand its business in Vietnam to become the biggest operator in wind power projects.


More importantly, EP is in the process of a feasibility for a natural gas power plant project in Vietnam with a total capacity of 1,500MW, which will spike EP’s revenue sharply in the future.

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