BTP [NON RATED] - The king of droughts - Visit Note
  • 2014-04-11T00:00:00
  • Company Research
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.