Today, attention should be given to the discussion between the Ministry of Finance and FETCO, focusing on preparations to launch a new type of tax relief fund. This fund will prioritize ESG factors (ESG Fund). Investment strategy recommendation: Select stocks with robust profit growth and high ESG ratings. Source: MST*

Investment Merits: TPIPL/TPIPP

ESG and Sustainability
TPIPL and TPIPP are among the 53 companies that were rated by the SET AA Both companies also received 5-Star CG rating among 68 companies Despite difficult operating conditions both TPIPL and TPIPP delivered resilient performance in 9M2023
TPIPL and TPIPP intensively pursues innovation to meet its ESG and Sustainability objective TPIPP sits on a sizable amount of carbon credits (>1.0 million) that can be monetized when carbon market opens TPIPP has also accumulated increasing number of I-REC credits (>1.0 million) TPI PL Group’s five year capex plan to improve plant operations peak this year

Both companies are cheaply valued TPIPL now trades at 6.9x PE and has dividend yield of 7.25% trailing basis one of the handful companies on the SET whose Yield is higher than its PE (nominally speaking) TPIPP now trades at 8.15x PE and has dividend yield of 7.27%