reports
- Md Rashadur Rahman Ratul
Equity Insight on Summit Power Limited (SUMITPOWER)
Summit Power Limited (SPL) is a private power generation company in Bangladesh, operating 15 plants across the country with an installed capacity of 976 MW. Additionally, SPL holds equity stakes in other plants, 17.64% in Khulna Power Company Limited (163 MW) and 30% in Summit Meghnaghat Power Company Limited (337 MW), raising its total associated capacity to 1,476 MW. SPL supplies electricity to BPDB and BREB under long-term power purchase and No-Electricity-No-Payment agreements.
- Md. Asrarul Haque
Investment Opportunities in Bangladesh Power Sector 2021
The country’s power generation capacity has witnessed a boost in past decade riding on short-term costly projects, however, no significant progress yet observed in intermediate & long-term projects. The government provides attractive policy support for local and foreign investment in power sector including long term tax exemptions, easy capital gain and dividend repatriation, duty free machineries import etc. The government has been subsidizing power sector for years. The government provided...
CONFIDCEM CONFIDENCE CEMENT LTD
SPCL SHAHJIBAZAR POWER
SUMITPOWER SUMMIT POWER LTD
DOREENPWR DOREEN POWER GENERATIONS & SYS LTD
BPPL BARAKA PATENGA POWER LTD
BARKAPOWER BARAKA POWER LTD
UPGDCL UNITED POWER GENERATION & DIST CO
DESCO DHAKA ELECTRIC SUPPLY CO LTD
- Auneea Haque
- Joy Bhattacharjee
Summit Power Ltd: 3Q 21 earnings up by 10% due to higher power generat...
SUMITPOW BD reported 3Q FY21 NPAT of BDT1,455mn (EPS: BDT1.36), implying a c10% yoy increase against NPAT of BDT1,323mn (EPS: BDT1.24) in 3Q FY 20. 9M 21 NPAT stood at BDT4,465mn (EPS: BDT4.17) vs BDT4,354mn (EPS: BDT4.08) in 9M 20. 3Q 21 Revenue stood at BDT 10,122mn, up by c108% YoY. Gross margin stood at c25% against c49% in 3Q FY20, attributed to higher revenue contribution from oil-based power plants. This is to be noted that the revenue base of oil-based power plants is usually higher f...
- Auneea Haque
- Joy Bhattacharjee
Summit Power Ltd: 2Q 21 earnings up by 6% due to the base effect; reit...
SUMITPOW BD reported 2Q FY21 NPAT of BDT1,632mn (EPS: BDT1.53), implying a c6% yoy increase against NPAT of BDT1,535mn (EPS: BDT1.44) in 2Q FY 20. Lower net finance expense due to base effect led to the earnings growth. 2Q 21 revenue stood at BDT 7,956mn, up by c40% YoY. Gross margin stood at c31% against c41% in 2Q FY20, attributed to higher revenue contribution from oil-based power plants. This is to be noted that the revenue base of oil-based power plants is usually higher for the same amo...
- Joy Bhattacharjee
- Tanay Roy
Summit Power Ltd: 1Q 21 earnings decline due to the base effect; Reite...
SUMITPOW BD reported 1Q FY 21 NPAT of BDT1373mn (EPS: BDT1.29), implying a c8% decline against NPAT of BDT1497mn (EPS: BDT1.40) in 1Q FY 20. Higher net finance expense due to base effect led to the earnings decline. Revenue stood at BDT 12,317mn, up by c70% YoY. Gross margin stood at c20% against c34% in 1Q FY 20, attributed to higher revenue contribution from oil-based power plants. This is to be noted that revenue base of oil based power plants is usually higher for same amount of gross pro...
- Joy Bhattacharjee
- Tanay Roy
Summit Power Ltd: Time to bet on the high-yield dividend; Initiate wit...
Summit Power Limited (SPL) is Bangladesh’s leading infrastructure development company. Presently, SPL operates 18 power plants with a total installed capacity of 1,469 MW, contributing c7% to the country’s total electricity capacity and c19% in private power plant capacity. SPL supplies electricity to Bangladesh Power Development Board (BPDB) and Bangladesh Rural Electrification Board (BREB). Singapore-based Summit Power International (SPI) owns SPL through Summit Corporation Ltd., which hol...
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