Analyst Pin-board Power industry – Growth on the back of the economic recovery
- Electricity volume in the first two months in 2022 grew 6.1% compared to that in 2021 on the back of the economic recovery.
- The thermal group benefits from high contracted volume and high selling price on CGM. Among those stocks in our coverage list, HND and QTP are coal thermal plants that will experience a high growth in contracted volume compared to 2021, and we also have positive view to those stock.
- Hydropower plants continue to benefit from hydrology conditions.
- Renewable energy group to wait for the new scheme to expand capacity. Beneficiaries are REE, GEG, PC1.
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