WHAUP outperforms and will be included in the calculation of SET100 – SETHD in the second half of 2020

Stocks and Financial Services Press Releases Wednesday June 24, 2020 11:31

WHA Utilities & Power Plc (WHAUP) is honored that its stocks have been chosen for the calculation of the SET100 and SETHD indices in the second half of 2020 (1 July – 31 December 2020), reaffirming its strength in utilities business with innovations in water management and power business. CEO “Dr. Niphon Bundechanan” signals that the company’s performance will be better in the second half, given rising water service demand and the electricity-generating capacity in terms of shareholding equity will exceed its target of 600 megawatt by the year-end.

Dr. Niphon Bundechanan, Chief Executive Officer of WHA Utilities & Power Public Company Limited (WHAUP), is glad to acknowledge that the Stock Exchange of Thailand selected WHAUP as one of the stocks in the calculation of the SET100 and SETHD indices in the second half of 2020 (1 July – 31 December 2020), reflecting the company’s determination to develop new technologies for water management solutions and energy services.

Presently, the company will continue to engage in technology development for water management solutions in Thailand and Vietnam. It will also provide various water resources, including reclaimed water and demineralized water to help solve the drought problems this year and build sustainability for water consumption in the medium to long term, even though the country has faced the COVID-19 pandemic and droughts.

For the investment in two water companies in Vietnam since last year, WHAUP will gradually realize full-year operating results in 2020. It will look for investment opportunities in new utilities projects to increase its growth potential and sustainability in the long term.

The CEO of WHA Utilities & Power (WHAUP) noted that the company has plans to consistently develop its renewable energy business, expecting to sign additional solar rooftop contracts with new clients. Currently, WHAUP’s electricity-generation capacity in terms of shareholding equity stands at 597 MW, exceeding its target set earlier this year at 591 MW. It projects that the electricity-generating capacity in terms of shareholding equity will reach 600 MW at the end of this year.

“The company is confident that WHAUP’s business overview in the second half of 2020 will improve significantly from the first half due mainly to the growth of water sales together with the providing of new value-added water resources and energy services, especially solar rooftops. So far, the electricity-generating capacity in terms of shareholding equity has already exceeded its earlier target set at the beginning of this year and will reach 600 MW by the year-end,” Dr. Niphon concluded.

Latest Press Release

SET market report for June 2020

The Stock Exchange of Thailand (SET) Index at end-June closed at 1,339.03 points or a 0.3 percent drop from the previous month but a 2.8 percent rise in terms of US dollars. Practically all industries outperformed SET Index, excepting Financials and...

Bangkok Bank announces system maintenance to upgrade services

Bangkok Bank will perform a scheduled upgrade of services to increase its service efficiency and better serve customers. Bangkok Bank and other bank customers will not be able to use Bangkok Bank’s services on the dates and times indicated...

Car4Cash offers scholarship to support parents during the new semester reinforcing commitment to fighting alongside everyday heroes

Car4Cash, the leader in automotive refinance market, reinforces its commitment to alleviating customers’ financial burdens with the campaign “Car4Cash scholarship: supporting everyday heroes for the new semester”. To offer encouragement...

PTT offers 2 series of bonds: 3Y green bond and 7Y bond during 20 - 23 July 2020 with AAA(tha) rating and the coupon rates of 2.25% and 2.85% p.a.

With the successful issuance of THB 20,000 million bonds to Institutional and High net worth investors on 2 July, PTT Public Company Limited (PTT) will offer 2 series of bonds to the general public, consisting of 3-year green bond with a coupon rate of...

KBank Private Banking wins the fourth award so far in 2020 at PWM Wealth Tech Awards 2020

Mr. Jirawat Supornpaibul, KBank Private Banking Group Head, recently received the “Best Private Bank for Portfolio Management Technology – Asia”, which is the fourth award so far in 2020, at the PWM Wealth Tech Awards 2020. This award...

Related Topics