Analyst Pin-board NT2 – Prepare for rainy days
NT2 made a net loss in the last quarter due to both unfavorable electricity market conditions and itself stopping production for maintenance. We think NT2 is ahead in terms of preparing for rainy days as the company is lowering its minimum operating capacity in order to improve its revenue during off-peak hours. Considering that 2021 will be a low period for thermal power companies, NT2 will regardless achieve net profit growth. Ultimately, NT2 will paying off all debts by the end of 2021 and is capable to offer substantial dividend yields for its long-term shareholders. Therefore, even though trading at a 11.5x 2020 P/E and 10.5x for 2021, we would still recommend to accumulate this stock.
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