“BCPG Q1 2023 Results: Net Profit, Adder Termination & Future Outlook”

company BCPG Public Company Limited or BCPG Report on operating results for the quarter 1/23 ending March 31, 2023 with net profit as follows:

However, the factors that caused the company’s performance to decline Due to the decrease in the recognition of the performance of solar power projects in Thailand. Due to the termination of Adder of 56 megawatt solar power plants in July, October 2022 and March 2023. However, the variable electricity cost (Ft) has been increased Help mitigate the effects of Adder termination.

While the recognition of operating performance of hydroelectric power plants in Lao PDR decreased from the cessation of electricity production in the quarter. To prepare to sell electricity to the Electricity Authority of the Socialist Republic of Vietnam (Vietnam Electricity – EVN).

Share of profit from investments in associated companies decreased from no profit sharing from domestic geothermal power plant projects. Indonesia and profit share from the wind power plant in the Philippines decreased.

However, the recognition of the increasing performance of power plants solar power in japan and wind power plants in Thailand, together with profit sharing from investments in associated companies of More natural gas power plants in the United States Help to mitigate some of the above effects.

In addition, the perceived performance of hydroelectric power plants in Lao PDR decreased due to the cessation of such power production.

However, the recognition of the increasing performance of solar power plants in Thailand Wind power plants in Thailand and solar power plants in Japan In addition, share of profits from investments increased from wind power plants in the Philippines and natural gas power plants in the United States. To help mitigate some of the impacts from the suspension of electricity sales of hydroelectric power plants in Lao PDR.

side Phillip Securities (Thailand) Identify a “BUY” recommendation with a target price of 16 baht. Expect operating results in the 2Q23 and the rest of the year. will gradually recover from the recognition of projects in the pipeline such as Asia Link and 2 natural gas power plants in the US