Analyst Pin-board: PC1 AGM Update – Energy to be the core business
At its 2020 annual general meeting, PC1 has announced its 2020 guidance and its long-term strategy. We think the most important point is that the company is transforming itself into a power company, as electricity business will be the main contributor to PC1’s profit. In the next five years, PC1’s pipeline includes 144 MW in wind power capacity, 100 MW in solar power capacity and approximately 60 MW in hydropower capacity. Accordingly, PC1’s power capacity will total 325 MW. Then, while construction’s profit margin is significantly lower than that of electricity and real estate cannot provide consistent annual income, PC1’s power plant portfolio will dominate PC1’s financials.
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