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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Toshiba Corporation    6502   JP3592200004

TOSHIBA CORPORATION

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Thai power firm B.Grimm plans to invest $1.3 billion in expansion

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10/09/2020 | 04:26am EDT

BANGKOK (Reuters) - Thailand's B.Grimm Power Pcl said on Friday it plans to invest 40 billion baht ($1.29 billion) in seven gas-fired power plants after securing bank loans, increasing its target to 7,200 megawatts (MW) in two years.

"The company has now secured all it takes to successfully realise the projects which form part of B.Grimm's plan to build a portfolio of 7,200 MW," said Harald Link, the company's chairman.

The seven planned plants have a combined capacity of 980 MW, the company said in a statement.

It plans to reach its new target by 2022, up from a previous target of 5,000 MW and from an installed capacity of 3,019 MW currently.

It obtained loans worth 29.4 billion baht from Bangkok Bank, Siam Commercial Bank, Kasikornbank and state-owned lenders, Export-Import Bank of Thailand and Government Savings Bank, Link said.

Construction of the seven power plants will be carried out by Siemens Energy Co Thailand and Toshiba Plant Systems and Services Corporation.

These projects are aimed at developing infrastructure to reliably produce electricity and steam supplies to promote and attract industrial investment, said B.Grimm CEO Preeyanart Soontornwata.

The company also said it has deals in Vietnam, Malaysia and South Korea, which will be finalised in the next 12 months.

(Reporting by Chayut Setboonsarng; editing by Jason Neely)


Stocks mentioned in the article
ChangeLast1st jan.
B.GRIMM POWER PUBLIC COMPANY LIMITED 0.00% 41 End-of-day quote.-21.90%
BANGKOK BANK -0.79% 94.75 End-of-day quote.-40.78%
KASIKORNBANK -0.66% 75.25 End-of-day quote.-50.17%
SIEMENS AG 0.59% 109.66 Delayed Quote.-5.90%
THE SIAM COMMERCIAL BANK 0.00% 65 End-of-day quote.-46.72%
TOSHIBA CORPORATION 0.92% 2864 End-of-day quote.-22.70%
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Financials
Sales 2021 3 203 B 30 586 M 30 586 M
Net income 2021 77 767 M 743 M 743 M
Net cash 2021 179 B 1 711 M 1 711 M
P/E ratio 2021 15,6x
Yield 2021 0,93%
Capitalization 1 299 B 12 398 M 12 403 M
EV / Sales 2021 0,35x
EV / Sales 2022 0,32x
Nbr of Employees 125 648
Free-Float 93,2%
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Technical analysis trends TOSHIBA CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 3 916,00 JPY
Last Close Price 2 864,00 JPY
Spread / Highest target 63,8%
Spread / Average Target 36,7%
Spread / Lowest Target 8,24%
EPS Revisions
Managers
NameTitle
Nobuaki Kurumatani President, CEO & Representative Director
Satoshi Tsunakawa Chairman
Masayoshi Hirata Chief Financial Officer & Head-Accounting
Keiichi Yumita Head-Information Systems
Yutaka Sata Vice President-Research & Development
Sector and Competitors
1st jan.Capitalization (M$)
TOSHIBA CORPORATION-22.70%12 398
HONEYWELL INTERNATIONAL INC.-0.82%123 191
SIEMENS AG-5.90%103 135
3M COMPANY-3.75%97 808
GENERAL ELECTRIC COMPANY-31.63%66 788
ILLINOIS TOOL WORKS INC.15.07%65 351